Tag: Natural Hazard Disclosure (NHD)

Form-of-the-Week: Natural Hazard Disclosure Statement and Fire Hardening and Defensible Space Disclosure Statement — Forms 314 and 314-1

A seller agent uses the Natural Hazard Disclosure Statement to disclose the existence of natural hazards on the sale of any type of real estate to a prospective buyer and the Fire Hardening and Defensible Space Disclosure Statement when the property is in a high fire hazard severity zone to disclose retrofits, local vegetation management ordinances and fire hardening measures the buyer is to consider.

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Letter to the Editor: Why does firsttuesday report availability and ASAP delivery of the TDS by a seller broker?

Delivery of property disclosures to buyers is legislated to occur “as soon as practicable” (ASAP) on inquiry from a prospective buyer, well before a purchase agreement setting a price is entered into.

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