Here are the latest approved changes from the City Council for Energy Conservation Audit and Disclosure (ECAD) Ordinance that are effective as of May 2, 2011
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One change relates to the energy audit disclosure requirement for sellers of single-family homes 10 years old or older. Originally, the ordinance required audits be disclosed to potential buyers “before the time of sale,” which was defined in the ordinance as the time before the deed of sale was recorded.
The amendment approved by City Council on April 21st 2011 requires audit results be provided at least three days before the end of the option period defined in the sales contract. If there is no option period, sellers are required to disclose audit results before the execution of the sales contract.
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Since the ECAD ordinance first went into effect in 2009, ABoR and Austin Energy have recommended to buyers, sellers and agents that energy audits (if required) be disclosed during the option period. The recent ECAD code amendment makes this a requirement effective May 2, 2011.
City Council also approved an amendment to the ECAD ordinance affecting condominiums, which were not addressed in the original ordinance. Owners of four or fewer condominiums must meet the requirements for single-family homes, and those owning five or more units at one location must meet the requirement for multifamily properties.
If you have more questions about the ordinance or if you want help to buy or sell a property in Austin just give me a call.
Betina Foreman - Realtor, C.N.E.
Austin Home Girls Realty
512-771-6318
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