Megan`s Law [§ 2079.10a(a)(3)) – All contracts for the sale of residential real estate in the State of California must contain the “Megan`s Law” clause regarding sexual predators. Methamphetamine (§25400.28) – If a person wishes to sell a residential property contaminated with the hazardous chemicals used to produce methamphetamine, they must first send a pending notice to the potential buyer pending confirmation that the property is considered safe. (The buyer must confirm in writing that it has received the notification.) The California sales contract is the official legal form used when a person wishes to sell their property to another party. The seller (or its representative) makes available to the buyer a copy of the document containing all the essential provisions, disclosures and general information necessary for a binding contract. As a rule, a serious deposit of money is made in the name of the buyer as a sign of good faith before the actual conclusion. All financing related to the exchange should be defined in the form in order to avoid any form of dispute over payment. Declaration of Conformity of Fire Detectors [Section 13113.8(b)) – This declaration must be provided to a potential buyer interested in purchasing a detached home. You must then confirm the form that confirms that the seller complies with California fire detection laws. Water Heater and Smoke Detector Compliance (HSC § 13113.8) – To inform a buyer, the smoke detector and water heater comply with state law. Natural Hazard Disclosure Statement (NHDS) (Section 1103) – The seller or its representative is responsible for presenting the buyer with a disclosure form informing him of the potential natural hazards that affect the opposite domicile of the contract.
The above form contains the following information: Environmental Hazards Guide for Homeowners, Buyers, Landlords, and Tenants (§2079.7) – sellers/agents can provide this informative brochure to buyers in order to avoid any additional information about the risks to the environment (as they are considered sufficient data). Real estate purchase contracts usually include promises and provisions guaranteeing the condition of a property. . . .