Common use of SELLER DISCLOSURES Clause in Contracts

SELLER DISCLOSURES. No later than the Seller Disclosure Deadline referenced in Section 24(a), Seller shall provide to Buyer the following documents in hard copy or electronic format which are collectively referred to as the "Seller Disclosures": (a) a written Seller property condition disclosure for the Property, completed, signed and dated by Seller as provided in Section10.3; (b) a Lead-Based Paint Disclosure & Acknowledgement for the Property, completed, signed and dated by Seller (only if the Property was built prior to 1978); (c) a Commitment for Title Insurance as referenced in Section 6.1; (d) a copy of any restrictive covenants (CC&R’s), rules and regulations affecting the Property; (e) a copy of the most recent minutes, budget and financial statement for the homeowners’ association, if any; (f) a copy of any long-term tenant lease or rental agreements affecting the Property not expiring prior to Closing; (g) a copy of any short-term rental booking schedule (as of the Seller Disclosure Deadline) for guest use of the Property after Closing; (h) a copy of any existing property management agreements affecting the Property; (i) evidence of any water rights and/or water shares referenced in Section 1.4; (j) written notice of any claims and/or conditions known to Seller relating to environmental problems and building or zoning code violations; (k) In general, the sale or other disposition of a U.S. real property interest by a foreign person is subject to income tax withholding under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). A “foreign person” includes a non-resident alien individual, foreign corporation, partnership, trust or estate. If FIRPTA applies to Seller, Seller is advised that Buyer or other qualified substitute may be legally required to withhold this tax at Closing. In order to avoid closing delays, if Seller is a foreign person under FIRPTA, Seller shall advise Buyer in writing; and (l) Other (specify)

Appears in 10 contracts

Samples: Real Estate Purchase Contract, Real Estate Purchase Contract, Real Estate Purchase Contract

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SELLER DISCLOSURES. No later than the Seller Disclosure Deadline referenced in Section 24(a), Seller shall provide to Buyer the following documents in hard copy or electronic format which are collectively referred to as the "Seller Disclosures": (a) a written Seller property condition disclosure for the Property, completed, signed and dated by Seller Xxxxxx as provided in Section10.3; (b) a Lead-Based Paint Disclosure & Acknowledgement for the Property, completed, signed and dated by Seller (only if the Property was built prior to 1978); (c) a Commitment for Title Insurance as referenced in Section 6.1; (d) a copy of any restrictive covenants (CC&R’s), rules and regulations affecting the Property; (e) a copy of the most recent minutes, budget and financial statement for the homeowners’ association, if any; (f) a copy of any long-term tenant lease or rental agreements affecting the Property not expiring prior to Closing; (g) a copy of any short-term rental booking schedule (as of the Seller Disclosure Deadline) for guest use of the Property after Closing; (h) a copy of any existing property management agreements affecting the Property; (i) evidence of any water rights and/or water shares referenced in Section 1.4; (j) written notice of any claims and/or conditions known to Seller relating to environmental problems and building or zoning code violations; (k) In general, the sale or other disposition of a U.S. real property interest by a foreign person is subject to income tax withholding under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). A “foreign person” includes a non-resident alien individual, foreign corporation, partnership, trust or estate. If FIRPTA applies to Seller, Seller is advised that Buyer or other qualified substitute may be legally required to withhold this tax at Closing. In order to avoid closing delays, if Seller is a foreign person under FIRPTA, Seller shall advise Buyer in writing; and (l) Other (specify)

Appears in 4 contracts

Samples: Real Estate Purchase Contract, Real Estate Purchase Contract, Real Estate Purchase Contract

SELLER DISCLOSURES. No later than the Seller Disclosure Deadline referenced in Section 24(a), Seller shall provide to Buyer the following documents in hard copy or electronic format which are collectively referred to as the "Seller Disclosures": (a) a written Seller property condition disclosure for the Property, completed, signed and dated by Seller Xxxxxx as provided in Section10.3Section 10.3; (b) a Lead-Based Paint Disclosure & Acknowledgement for the Property, completed, signed and dated by Seller (only if the Property was built prior to 1978); (c) a Commitment for Title Insurance as referenced in Section 6.1; (d) a copy of any restrictive covenants (CC&R’s's), rules and regulations affecting the Property; (e) a copy of the most recent minutes, budget and financial statement for the homeowners' association, if any; (f) a copy of any long-term tenant lease or rental agreements affecting the Property not expiring prior to Closing; (g) a copy of any short-term rental booking schedule (as of the Seller Disclosure Deadline) for guest use of the Property after Closing; (h) a copy of any existing property management agreements affecting the Property; (i) evidence of any water rights and/or water shares referenced in Section 1.4; (j) written notice of any claims and/or conditions known to Seller relating to environmental problems and building or zoning code violations; (k) In general, the sale or other disposition of a U.S. real property interest by a foreign person is subject to income tax withholding under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). A "foreign person" includes a non-resident alien individual, foreign corporation, partnership, trust or estate. If FIRPTA applies to Seller, Seller is advised that Buyer or other qualified substitute may be legally required to withhold this tax at Closing. In order to avoid closing delays, if Seller is a foreign person under FIRPTA, Seller shall advise Buyer in writing; and (l) Other (specify)

Appears in 2 contracts

Samples: Real Estate Purchase Contract, Real Estate Purchase Contract

SELLER DISCLOSURES. No later than the Seller Disclosure Deadline referenced in Section 24(a), Seller shall provide to Buyer the following documents in hard copy or electronic format which are collectively referred to as the "Seller Disclosures": (a) a written Seller property condition disclosure for the Property, completed, signed and dated by Seller Xxxxxx as provided in Section10.3; (b) a Lead-Based Paint Disclosure & Acknowledgement for the Property, completed, signed and dated by Seller (only if the Property was built prior to 1978); (c) a Commitment for Title Insurance as referenced in Section 6.1; (d) a copy of any restrictive covenants (CC&R’s), rules and regulations affecting the Property; (e) a copy of the most recent minutes, budget and financial statement for the homeowners’ association, if any; (f) a copy of any long-term tenant lease or rental agreements affecting the Property not expiring prior to Closing; (g) a copy of any short-term rental booking schedule (as of the Seller Disclosure Deadline) for guest use of the Property after Closing; (h) a copy of any existing property management agreements affecting the Property; (i) evidence of any water rights and/or water shares referenced in Section 1.4; (j) written notice of any claims and/or conditions known to Seller relating to environmental problems and building or zoning code violations;; _______________________________________________________________________________________________________ (k) In general, the sale or other disposition of a U.S. real property interest by a foreign person is subject to income tax withholding under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). A “foreign person” includes a non-resident alien individual, foreign corporation, partnership, trust or estate. If FIRPTA applies to Seller, Seller is advised that Buyer or other qualified substitute may be legally required to withhold this tax at Closing. In order to avoid closing delays, if Seller is a foreign person under FIRPTA, Seller shall advise Buyer in writing; and (l) Other (specify)

Appears in 1 contract

Samples: Real Estate Purchase Contract

SELLER DISCLOSURES. No later than the Seller Disclosure Deadline referenced in Section 24(a), Seller shall provide to Buyer the following documents in hard copy or electronic format which are collectively referred to as the "Seller Disclosures": (a) a written Seller property condition disclosure for the Property, completed, signed and dated by Seller Xxxxxx as provided in Section10.3; (b) a Lead-Based Paint Disclosure & Acknowledgement for the Property, completed, signed and dated by Seller (only if the Property was built prior to 1978); (c) a Commitment for Title Insurance as referenced in Section 6.1; (d) a copy of any restrictive covenants (CC&R’s), rules and regulations affecting the Property; (e) a copy of the most recent minutes, budget and financial statement for the homeowners’ association, if any; (f) a copy of any long-term tenant lease or rental agreements affecting the Property not expiring prior to Closing; (g) a copy of any short-term rental booking schedule (as of the Seller Disclosure Deadline) for guest use of the Property after Closing; (h) a copy of any existing property management agreements affecting the Property; (i) evidence of any water rights and/or water shares referenced in Section 1.4; (j) written notice of any claims and/or conditions known to Seller relating to environmental problems and building or zoning code violations; (k) In general, the sale or other disposition of a U.S. real property interest by a foreign person is subject to income tax withholding under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). A “foreign person” includes a non-resident alien individual, foreign corporation, partnership, trust or estate. If FIRPTA applies to Seller, Seller is advised that Buyer or other qualified substitute may be legally required to withhold this tax at Closing. In order to avoid closing delays, if Seller is a foreign person under FIRPTA, Seller shall advise Buyer in writing; and (l) Other (specify)) ✔

Appears in 1 contract

Samples: Real Estate Purchase Contract

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SELLER DISCLOSURES. No later than the Seller Disclosure Deadline referenced in Section 24(a), Seller shall provide to Buyer the following documents in hard copy or electronic format which are collectively referred to as the "Seller Disclosures": (a) a written Seller property condition disclosure for the Property, completed, signed and dated by Seller Xxxxxx as provided in Section10.3; (b) a Lead-Based Paint Disclosure & Acknowledgement for the Property, completed, signed and dated by Seller (only if the Property was built prior to 1978); (c) a Commitment for Title Insurance as referenced in Section 6.1; (d) a copy of any restrictive covenants (CC&R’s), rules and regulations affecting the Property; (e) a copy of the most recent minutes, budget and financial statement for the homeowners’ association, if any; (f) a copy of any long-term tenant lease or rental agreements affecting the Property not expiring prior to Closing; (g) a copy of any short-term rental booking schedule (as of the Seller Disclosure Deadline) for guest use of the Property after Closing; (h) a copy of any existing property management agreements affecting the Property; (i) evidence of any water rights and/or water shares referenced in Section 1.4; (j) written notice of any claims and/or conditions known to Seller relating to environmental problems and building or zoning code violations;; _______________________________________________________________________________________________________ DRAFT (k) In general, the sale or other disposition of a U.S. real property interest by a foreign person is subject to income tax withholding under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). A “foreign person” includes a non-resident alien individual, foreign corporation, partnership, trust or estate. If FIRPTA applies to Seller, Seller is advised that Buyer or other qualified substitute may be legally required to withhold this tax at Closing. In order to avoid closing delays, if Seller is a foreign person under FIRPTA, Seller shall advise Buyer in writing; and (l) Other (specify)

Appears in 1 contract

Samples: Real Estate Purchase Contract

SELLER DISCLOSURES. No later than (a) Seller shall disclose known material facts about and defects in the Seller Disclosure Deadline referenced in Section 24(a)Property and make other disclosures required by law. Without limiting the generality of the foregoing, Seller shall provide to Buyer Buyer, in writing, within 15 Business Days after the following documents effective date of this Agreement, any general disclosures required by the foregoing provisions of this section, and any of the following, if known to Seller: (1) any improvements, additions, alterations or repairs made by the Seller or known by the Seller to have been made, without required government permits, final inspection and approvals; (2) any notice of violation of any Law issued or filed against any part of the Property and known to Seller; (3) any currently pending litigation or proceedings involving the Property or any portion of it; (4) any government investigation or inquiry regarding any part of the Property; (5) any unsatisfied mechanics’ or materialmen’s liens against the Property; (6) if in hard copy or electronic format which are collectively referred to as the "Seller Disclosures": (a) a written Seller property condition disclosure for Seller’s possession, copies of all permits and approvals concerning each parcel of the Property, completedincluding but not limited to Certificates of Occupancy, signed Conditional Use Permits, Development Plans and dated all other licenses and permits pertaining to the use of the Property. Any specific disclosure required by Seller as provided in Section10.3;law shall be made to Buyer at least five Business Days before Closing. (b) a Lead-Based Paint Disclosure & Acknowledgement for In the event Seller becomes aware, before the Closing, of any adverse condition materially affecting the Property, completedor any material inaccuracy in the disclosures or information previously provided to the Buyer of which Buyer is otherwise unaware, signed and dated Seller shall immediately provide supplemental disclosures of such items by Seller (only if the Property was built prior written notice to 1978);Buyer. No supplemental or amended disclosure shall be required for information included in reports received by Buyer. (c) Seller is conveying the Property in its “as is” condition. Before the execution of this Agreement, Seller has offered to make the Property available to Buyer for such inspections as Buyer deems appropriate, including inspection for environmental matters. Before the execution of this Agreement, Seller has also disclosed to Buyer any adverse information within Seller’s Knowledge. Buyer acknowledges that all rights of Buyer to inspect the Property or receive further information about the Property after the date of this Agreement are for Buyer’s information only, and shall not provide Buyer with a Commitment basis for Title Insurance as referenced in terminating this Agreement, claiming a breach of this Agreement by Seller, seeking indemnification under Section 6.1; (d) a copy of any restrictive covenants (CC&R’s), rules and regulations affecting the Property; (e) a copy 9.2 of the most recent minutesBranch Purchase Agreement or Section 7.2 of this Agreement or otherwise imposing any additional obligation or burden on Seller, budget unless such inspection or disclosure of information relates to material adverse information that was within Seller’s Knowledge but either was not disclosed by Seller to Buyer or the true facts and financial statement for conditions regarding the homeowners’ association, if any; (f) a copy of any long-term tenant lease or rental agreements affecting the Property not expiring prior to Closing; (g) a copy of any short-term rental booking schedule (as of the Seller Disclosure Deadline) for guest use condition of the Property after Closing; (h) a copy of any existing property management agreements affecting the Property; (i) evidence Branches was misrepresented before the execution of any water rights and/or water shares referenced in Section 1.4; (j) written notice of any claims and/or conditions known to Seller relating to environmental problems and building or zoning code violations; (k) In general, the sale or other disposition of a U.S. real property interest by a foreign person is subject to income tax withholding under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). A “foreign person” includes a non-resident alien individual, foreign corporation, partnership, trust or estate. If FIRPTA applies to Seller, Seller is advised that Buyer or other qualified substitute may be legally required to withhold this tax at Closing. In order to avoid closing delays, if Seller is a foreign person under FIRPTA, Seller shall advise Buyer in writing; and (l) Other (specify)Agreement.

Appears in 1 contract

Samples: Real Property Purchase Agreement (Heritage Oaks Bancorp)

SELLER DISCLOSURES. No later than the Seller Disclosure Deadline referenced in Section 24(a), Seller shall provide to Buyer the following documents in hard copy or electronic format which are collectively referred to as the "Seller Disclosures": (a) a written Seller property condition disclosure for the Property, completed, signed and dated by Seller as provided in Section10.3; (b) a Lead-Based Paint Disclosure & Acknowledgement for the Property, completed, signed and dated by Seller (only if the Property was built prior to 1978); (c) a Commitment for Title Insurance as referenced in Section 6.1; (d) a copy of any restrictive covenants (CC&R’s), rules and regulations affecting the Property; (e) a copy of the most recent minutes, budget and financial statement for the homeowners’ association, if any; (f) a copy of any long-term tenant lease or rental agreements affecting the Property not expiring prior to Closing; (g) a copy of any short-term rental booking schedule (as of the Seller Disclosure Deadline) for guest use of the Property after Closing; (h) a copy of any existing property management agreements affecting the Property; (i) evidence of any water rights and/or water shares referenced in Section 1.4; (j) written notice of any claims and/or conditions known to Seller relating to environmental problems and building or zoning code violations;; _______________________________________________________________________________________________________ (k) In general, the sale or other disposition of a U.S. real property interest by a foreign person is subject to income tax withholding under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). A “foreign person” includes a non-resident alien individual, foreign corporation, partnership, trust or estate. If FIRPTA applies to Seller, Seller is advised that Buyer or other qualified substitute may be legally required to withhold this tax at Closing. In order to avoid closing delays, if Seller is a foreign person under FIRPTA, Seller shall advise Buyer in writing; and (l) Other (specify)

Appears in 1 contract

Samples: Real Estate Purchase Contract

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