Common use of PROPERTY DISCLOSURE Clause in Contracts

PROPERTY DISCLOSURE. SELLER does hereby represent that SELLER has the legal authority and 289 capacity to convey the Property, and that no other person or entity has an ownership interest in the Property. 290 SELLER represents that SELLER has no knowledge of facts materially affecting the value of the Property 291 other than those which BUYER can readily observe except: 292 293 SELLER further represents that the Property is not now and will not be prior to the date of closing subject to 294 a municipal or county code enforcement proceeding and that no citation has been issued except: 296 If the Property is or becomes subject to such a proceeding prior to the date of closing, SELLER shall 297 comply with Florida Statutes 125.69 and 162.06; notwithstanding anything contained within said Statutes, 298 SELLER shall be responsible for compliance with applicable code and all orders issued in such proceeding 299 unless otherwise agreed herein. SELLER has received no written or verbal notice from any governmental 300 entity as to uncorrected building, environmental or safety code violations, and SELLER has no knowledge of 301 any repairs or improvements made to the Property not then in compliance with governmental 302 regulations/permitting except: 303 (A) Energy Efficiency: In accordance with Florida Statute 553.996, notice is hereby given that the BUYER 304 of real property with a building for occupancy located thereon may have the building's energy-efficiency 305 rating determined. BUYER acknowledges receipt of the Florida energy efficiency rating information 306 brochure prepared by the State of Florida at the time of or prior to BUYER signing this Agreement. 307 (B) Radon Gas Disclosure: Radon gas is a naturally occurring radioactive gas that, when it has 308 accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to 309 it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in 310 Florida. Additional information regarding radon testing may be obtained from your county health unit. 311 (C) Flood Zone: BUYER is advised to verify with the lender and appropriate government agencies whether 312 flood insurance is required and what restrictions apply to improving the Property and rebuilding in the 313 event of casualty. 314 (D) Community Development District: The Property may be in a Community Development District (CDD). 315 See Community Development District Disclosure for further information. 316 (E) Mold Disclosure: Mold is naturally occurring. The presence of mold in a home or building may cause 317 health problems and damage to the Property.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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PROPERTY DISCLOSURE. SELLER does hereby represent that SELLER has the legal authority and 289 capacity to convey the Property, and that no other person or entity has an ownership interest in the Property. 290 368 SELLER represents that SELLER has no knowledge of facts materially affecting the value of the Property 291 369 other than those which BUYER can readily observe except: 292 293 370 _ _ _ _ 371 SELLER represents that SELLER has no knowledge of any improvements or repairs made to the property 372 which were made without proper permits or made pursuant to permits which have not been properly closed 373 except 374 SELLER further represents that the Property is not now and will not be prior to the date of closing subject to 294 375 a municipal or county code enforcement proceeding and that no citation has been issued except: 296 376 _ _ 377 If the Property is or becomes subject to such a proceeding prior to the date of closing, SELLER shall 297 378 comply with Florida Statutes 125.69 and 162.06; notwithstanding anything contained within said Statutes, 298 379 SELLER shall be responsible for compliance with applicable code and all orders issued in such proceeding 299 380 unless otherwise agreed herein. SELLER has received no written or verbal notice from any governmental 300 381 entity as to uncorrected building, environmental or safety code violations, and SELLER has no knowledge 382 of 301 any repairs or improvements made to the Property not then in compliance with governmental 302 regulations/permitting except: 303 regulations 383 except 384 (A) Energy Efficiency: In accordance with Florida Statute 553.996, notice is hereby given that the 385 BUYER 304 of real property with a building for occupancy located thereon may have the building's 386 energy-efficiency 305 rating determined. BUYER XXXXX acknowledges receipt of the Florida energy efficiency 387 rating information 306 brochure prepared by the State of Florida at the time of or prior to BUYER signing 388 this Agreement. 307 (B) Radon Gas Disclosure: Radon gas is a naturally occurring radioactive gas that, when it has 308 accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to 309 it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in 310 Florida. Additional information regarding radon testing may be obtained from your county health unit. 311 (C) Flood Zone: BUYER is advised to verify with the lender and appropriate government agencies whether 312 flood insurance is required and what restrictions apply to improving the Property and rebuilding in the 313 event of casualty. 314 (D) Community Development District: The Property may be in a Community Development District (CDD). 315 See Community Development District Disclosure for further information. 316 (E) Mold Disclosure: Mold is naturally occurring. The presence of mold in a home or building may cause 317 health problems and damage to the Property.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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