PreHUD Disclosure

PREHUD DISCLOSURE

This PreHUD Disclosure is a written statement of the known physical, environmental, title and occupancy conditions of the Property and the material facts that Seller is aware of as of the Effective Date. Seller makes the representations set forth below to prospective purchasers, brokers, and agents. All capitalized terms used but not defined have the meanings given in this document.

Property Identification

Parties

Transaction Terms

Purchase Price: $    Earnest Money: $

Deposit Holder:

Anticipated Closing Date:

Possession to be delivered on:

Financing Contingency: Yes    No

Disclosures — Known Conditions (Respond Yes or No)

Lead-Based Paint (if structure constructed prior to 1978): Yes    No

Mold or Concealed Water Intrusion: Yes    No

Structural or Foundation Defects: Yes    No

Evidence of Fire Damage or Previous Fire Loss: Yes    No

Termite or Pest Infestation: Yes    No

Asbestos or Suspected Hazardous Building Materials: Yes    No

Property Located in a FEMA Flood Zone or Subject to Regular Flooding: Yes    No

Outstanding Liens, Judgments, or Tax Delinquencies Affecting Title: Yes    No

Occupancy, Tenancy and Compliance

Property is currently: Owner-Occupied    Tenant-Occupied    Vacant

Are there any outstanding building code violations, stop-work orders, or citations? Yes    No

Inspection, Access and Contingencies

Inspection Period (number of days from effective date):

Seller grants reasonable access to the Property for inspection, testing and appraisal during the Inspection Period. Purchaser shall provide prior notice for entry where occupancy exists. Purchaser shall restore the Property and compensate for any damage caused by testing.

Title, Encumbrances and Closing

Seller shall disclose all known title defects, outstanding encumbrances and outstanding assessments. Seller shall provide to Purchaser, prior to Closing, all documents necessary to cure any defects disclosed and to convey marketable title subject only to those exceptions acceptable to Purchaser in writing.

Default; Remedies; Governing Law

If Purchaser defaults, Seller may retain earnest money as liquidated damages, or pursue specific performance or other remedies available at law or in equity. If Seller defaults, Purchaser may elect to terminate and receive return of earnest money, or seek specific performance or damages. The parties agree that appropriate notice and cure periods will be provided under the Purchase Agreement.

This Disclosure and any purchase agreement relating to the Property shall be governed by the laws of the state where the Property is located. This Disclosure constitutes a material representation by Seller and is part of the transactional documents governing the sale.

Seller Certification and Buyer Acknowledgment

Seller certifies under penalty of perjury that the information set forth in this PreHUD Disclosure is true and correct to the best of Seller’s actual knowledge as of the Effective Date. Seller further affirms that Seller has no obligation to repair conditions beyond those agreed to in the Purchase Agreement unless specifically stated herein.

Purchaser acknowledges receipt of this PreHUD Disclosure prior to execution of any purchase agreement and acknowledges that Purchaser has been provided an opportunity to inspect the Property and review all disclosures. Purchaser further acknowledges that certain disclosures are limited to Seller’s actual knowledge and that Purchaser remains responsible for independent verification of conditions.

Effective Date:

Sign Now