Parcel Identification
Include parcel number, assessor's ID, lot number, and any subdivision or plat reference so the lot is unambiguously identified for title and tax purposes.
A clear Lot Disclosure Statement reduces legal risk, supports accurate title and insurance underwriting, and gives buyers informed consent about the lot's condition and encumbrances. It creates a written record that can limit post-closing liability when accurate and complete.
Clear roles and timely delivery reduce closing delays and help ensure the disclosure is accepted by buyers and title insurers.
Include parcel number, assessor's ID, lot number, and any subdivision or plat reference so the lot is unambiguously identified for title and tax purposes.
Provide the recorded legal description exactly as it appears in the deed or plat; minor truncation or paraphrase can create ambiguity in title searches.
List known boundary discrepancies, recorded easements, utility corridors, and rights-of-way that affect use, access, or development of the lot.
State available utilities (water, sewer, electricity, gas), meter locations, service districts, and any known pending connection or capacity issues.
Disclose known contamination, flood zone designation, wetlands, sinkholes, or other conditions that materially affect the lot's value or permitted uses.
Provide seller statements of accuracy, signature blocks with printed names and dates, and fields for buyer acknowledgement and acceptance.
Ensure the chosen workflow meets ESIGN/UETA requirements for intent, consent, attribution, and retention to maintain enforceability.
Provide as soon as a property is marketed or an offer is solicited for transparency.
Buyers should receive disclosures before waiving inspection or financing contingencies.
Title review may require updated disclosures before closing.
Final signed disclosure should be included with closing documents.
Amendments after closing must be documented and distributed to affected parties.
Seller prepares disclosure and supporting records for prospective buyers.
Buyer receives disclosure for due diligence and contingency review.
Inspections and title review may generate requests for clarification.
Final signed disclosure is exchanged and retained by escrow and title.
A seller lists known boundary disputes and a recorded drainage easement
A developer discloses pending utility extension and a conservation easement on an adjacent parcel
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial, no credit card | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Available (Business Premium) | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| Envelope Cap | No cap | 100 envelopes/user/year | Varies by plan | Varies by plan | Varies by plan |