Purchase And Sales Agreement For Real Estate California

You, the seller and the distributor sign a confirmation that these notification requirements have been met. Other environmental concerns. California has laws requiring sellers to provide buyers with an environmental risk report. This report may contain the following: taking objects such as underground oil leaks, the presence of radon or asbestos, lead water pipes, seismic hazards and other such hazards, as well as measures to eliminate these hazards. You can negotiate who will pay the cost of the necessary tests and/or cleaning operations. Title Insurance Advisory Notice (§ 1057.6) – If the buyer does not keep a title insurance policy during a fiduciary transaction for the purchase of a residential property, a message must be issued with the following paragraph: If you are not satisfied with the results of the inspection.

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