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Natural hazard disclosure 2025

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The Natural Hazard Disclosure Statement provides essential information regarding potential natural hazards associated with a specific property, including flood zones, fire hazard areas, earthquake fault zones, and other seismic risks. It emphasizes that this disclosure is not a warranty but is intended to inform prospective buyers about risks that may affect their decision to purchase the property. The document requires signatures from the transferor, agent, and transferee to acknowledge understanding of the disclosed hazards.

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What would a natural hazard disclosure report not cover?

Expert-Verified. The hazard not included in the Natural Hazard Disclosure Statement is Mold. This is because Mold is considered an indoor environmental issue arising from moisture, rather than a natural hazard like Fire, Seismic activity, or Flooding, which are all included.

What is the Natural Hazard Disclosure Act?

The Natural Hazards Disclosure Act, under Sec. 1103 of the California Civil Code, states that real estate seller and brokers are legally required to disclose if the property being sold lies within one or more state or locally mapped hazard areas.

What is a natural hazard disclosure?

The Natural Hazard Disclosure indicates if a property lies within one of the states six primary hazard zones, which include Very High Fire Risk zones, Wildland Fire areas, Earthquake Fault Zones, Seismic Hazard areas, Special Flood Hazard areas and Dam Inundation zones.

How much does a NHD report cost?

The report typically costs home sellers $50 $150, depending on the length. Once buyers get the NHD report, they can review the document to help them decide what to do. If they decide to buy the house, they must sign the Natural Hazard Disclosure Statement.

Who pays for NHD in California?

Who pays for the natural hazard report? Natural Hazard Disclosures can be prepared by a third-party company or the seller with help from their real estate agent. If the NHD is ordered from a third-party company, the seller usually pays for it. The report typically costs between $50 and $150.

What is a natural hazards report California?

The NHD report includes statutory, local disclosures and 28 environmental sites. The lease report provides necessary disclosure of natural hazards that may affect the property and tenants.

Natural hazard disclosure 2025

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