California Transfer Disclosure Statement Revised re Water Conservation Plumbing Fixtures

California Senate Bill 837 - signed into law last year on July 1, 2011 - mandates changes in the home property seller TRANSFER DISCLOSURE STATEMENT - and took effect on January 1, 2012.

Mandatory disclosures by sellers of homes in California are described by the California Department of Real Estate.

Home and real property sales to close escrow after January 1 should use this newly revised form.

Revisions include a checkbox for a seller to disclose whether the property has water-conserving plumbing fixtures such as low-flow toilets, shower heads and faucets.

This revision also informs the buyer that by January 1, 2017, a single family residence built on or before January 1, 1994, must generally be equipped with water-conserving plumbing fixtures.

And if the the residence is altered or improved on or after January 1, 2014, the installation of water-conserving plumbing fixtures must be a condition of final permit approval.

Click here to see text of this new California law.

 ____________________________________

This is for information only and is not the providing of legal or tax services.  Home sellers in California msut always disclose to buyers all material facts about the property that might impact the decision of buyers whether or not to buy.

Harrison K. Long – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – attorney member of the California State Bar Association #69137