SENATE BILL NO. 472
A bill to amend 1993 PA 92, entitled
"Seller disclosure act,"
by amending section 7 (MCL 565.957), as amended by 2005 PA 163.
the people of the state of michigan enact:
SENATE BILL NO. 472
A bill to amend 1993 PA 92, entitled
"Seller disclosure act,"
by amending section 7 (MCL 565.957), as amended by 2005 PA 163.
the people of the state of michigan enact:
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Sec. 7. (1) The disclosures required by this act shall must be made on the following form:
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SELLER'S DISCLOSURE STATEMENT |
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Property Address: |
______________________________________________ |
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Street |
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_____________________________________ Michigan |
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City, Village, or Township |
Purpose of Statement: This statement is a disclosure of the condition of the property in compliance with the seller disclosure act. This statement is a disclosure of the condition and information concerning the property, known by the seller. Unless otherwise advised, the seller does not possess any expertise in construction, architecture, engineering, or any other specific area related to the construction or condition of the improvements on the property or the land. Also, unless otherwise advised, the seller has not conducted any inspection of generally inaccessible areas such as the foundation or roof. This statement is not a warranty of any kind by the seller or by any agent representing the seller in this transaction, and is not a substitute for any inspections or warranties the buyer may wish to obtain.
Seller's Disclosure: The seller discloses the following information with the knowledge that even though this is not a warranty, the seller specifically makes the following representations based on the seller's knowledge at the signing of this document. Upon receiving On receipt of this statement from the seller, the seller's agent is required to shall provide a copy to the buyer or the agent of the buyer. The seller authorizes its agent(s) the seller's agent or agents to provide a copy of this statement to any prospective buyer in connection with any actual or anticipated sale of property. The following are representations made solely by the seller and are not the representations of the seller's agent(s), agent or agents, if any. THIS INFORMATION IS A DISCLOSURE ONLY AND IS NOT INTENDED TO BE A PART OF ANY CONTRACT BETWEEN BUYER AND SELLER.
Instructions to the Seller: (1) Answer ALL questions. (2)
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Report known conditions affecting the property. (3) Attach additional pages with your signature if additional space is required. (4) Complete this form yourself. (5) If some items do not apply to your property, check NOT AVAILABLE. If you do not know the facts, check UNKNOWN. FAILURE TO PROVIDE A PURCHASER WITH A SIGNED DISCLOSURE STATEMENT WILL ENABLE A PURCHASER TO TERMINATE AN OTHERWISE BINDING PURCHASE AGREEMENT.
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Appliances/Systems/Services: The items below are in working order |
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(the items below are included in the sale of the property only if |
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the purchase agreement so provides): |
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Yes |
No |
Unknown |
Not Available |
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Range/Ovenoven |
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Dishwasher |
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Refrigerator |
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Hood/fan |
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Disposal |
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TV antenna, TV rotor & controls |
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Electrical system |
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Garage door opener & remote control |
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Alarm system |
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Intercom |
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Central vacuum |
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Attic fan |
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Pool heater, wall liner & equipment |
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Microwave |
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Trash compactor |
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Ceiling fan |
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Sauna/hot tub |
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Washer |
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Dryer |
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Lawn sprinkler system |
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Water heater |
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Plumbing system |
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Water softener/conditioner |
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Well & pump |
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Septic tank & drain field |
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Sump pump |
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City Water Systemwater system |
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City Sewer Systemsewer system |
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Central air conditioning |
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Central heating system |
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Wall furnace |
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Humidifier |
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Electronic air filter |
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Solar heating system |
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Fireplace & chimney |
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Wood burning system |
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Explanations (attach additional sheets if necessary): |
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____________________________________________________________ |
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____________________________________________________________ |
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____________________________________________________________ |
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____________________________________________________________ |
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____________________________________________________________ |
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UNLESS OTHERWISE AGREED, ALL HOUSEHOLD APPLIANCES ARE SOLD IN WORKING ORDER EXCEPT AS NOTED, WITHOUT WARRANTY BEYOND DATE OF CLOSING. |
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1. Basement/crawl space: Has there been evidence of water? |
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yes____ no____ |
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If yes, please explain: _________________________________ |
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2. Insulation: Describe, if known __________________________ |
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Urea Formaldehyde Foam Insulation (UFFI) is installed? |
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unknown____ yes____ no____ |
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3. Roof: Leaks? |
yes____ no____ |
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Approximate age if known ________________________________ |
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4. Well: Type of well (depth/diameter, age, and repair |
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history, if known): ____________________________________ |
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Has the water been tested? |
yes____ no____ |
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If yes, date of last report/results: ___________________ |
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5. Septic tanks/drain fields: Condition, if known: _________ |
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_________________________________________________________ |
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6. Heating System: system: Type/approximate age: __________________ |
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7. Plumbing system: Type: copper___ galvanized___ other___ |
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Any known problems? _____________________________________ |
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8. Electrical system: Any known problems? _________________ |
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_________________________________________________________ |
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9. History of infestation, if any: (termites, carpenter ants, |
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etc.) ___________________________________________________ |
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10. Environmental Problems: problems: Are you aware of any substances, |
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materials, or products that may be an environmental |
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hazard such as, but not limited to, asbestos, radon gas, |
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formaldehyde, lead-based paint, fuel or chemical storage |
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tanks and or contaminated soil on the property? . |
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unknown____ yes____ no____ |
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If yes, please explain: ________________________________ |
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_________________________________________________________ |
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11. Flooding: Are you aware of whether the property is located in an inundation zone? unknown ____ yes___ no_____ If yes, did you provide the buyer with a map of the property showing the property's location in the inundation zone? yes____ no_____ 12. 11. Flood insurance: Do you have flood insurance on the |
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property? |
unknown____ yes____ no____ |
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13. 12. Mineral rights: Do you own the mineral rights? |
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unknown____ yes____ no____ |
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Other Items: items: Are you aware of any of the following: |
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1. Features of the property shared in common with the |
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adjoining landowners, such as walls, fences, roads and |
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driveways, or other features whose use or responsibility |
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for maintenance may have an effect on the property? |
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unknown____ yes____ no____ |
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2. Any encroachments, easements, zoning violations, or |
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nonconforming uses? |
unknown____ yes____ no____ |
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3. Any "common areas" (facilities like pools, tennis courts, |
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walkways, or other areas co-owned with others), or a |
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homeowners' association that has any authority over the |
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property? |
unknown____ yes____ no____ |
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4. Structural modifications, alterations, or repairs made |
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without necessary permits or licensed contractors? |
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unknown____ yes____ no____ |
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5. Settling, flooding, drainage, structural, or grading |
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problems? |
unknown____ yes____ no____ |
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6. Major damage to the property from fire, wind, floods, |
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landslides? |
unknown____ yes____ no____ |
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7. Any underground storage tanks? |
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unknown____ yes____ no____ |
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8. Farm or farm operation in the vicinity; or proximity to a |
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landfill, airport, shooting range, etc.? |
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unknown____ yes____ no____ |
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9. Any outstanding utility assessments or fees, including any |
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natural gas main extension surcharge? |
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unknown____ yes____ no____ |
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10. Any outstanding municipal assessments or fees? |
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unknown____ yes____ no____ |
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11. Any pending litigation that could affect the property or |
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or the seller's right to convey the property? |
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unknown____ yes____ no____ |
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If the answer to any of these questions is yes, please explain. |
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Attach additional sheets, if necessary:______________________ |
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_____________________________________________________________ |
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_____________________________________________________________ |
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_____________________________________________________________ |
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_____________________________________________________________ |
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_________________ (date) to _________________ (date). The |
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seller has owned the property since ___________________ (date). |
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The seller has indicated above the condition of all the items |
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based on information known to the seller. If any changes occur |
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in the structural/mechanical/appliance systems of this property |
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from the date of this form to the date of closing, seller will |
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immediately disclose the changes to buyer. In no event shall |
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the parties hold the broker liable for any representations not |
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directly made by the broker or broker's agent. |
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Seller certifies that the information in this statement is true |
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and correct to the best of seller's knowledge as of the date of |
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seller's signature. |
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Date____________________ |
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Seller____________________ |
Date____________________ |
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Buyer______________ |
Date______________ |
Time:______________ |
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Buyer______________ |
Date______________ |
Time:______________ |
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(2) A form described in subsection (1) printed before January 1, 2006 that was in compliance complies with this section at that time may be utilized used and shall be is considered to be in compliance with this section until April 1, 2006.