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The document is a Transfer Disclosure Statement (TDS) used in California for the sale of one-to-four unit residential properties. It outlines the seller's disclosures regarding the physical and environmental condition of the property, including known defects and compliance with safety regulations. The statement serves to inform prospective buyers about the property's condition and is not a warranty. It includes sections for seller information, agent inspection disclosures, and acknowledges the buyer's right to rescind the purchase contract within three days after receiving this disclosure.

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What is a TDS form in real estate?

The (TDS) describes the condition of a property and, in the case of a sale, must be given to a prospective buyer as soon as practicable and before transfer of title.

Who fills out the TDS?

A seller is required to provide the TDS even when selling property without an agent, such as in a for sale by owner transaction. The TDS also must be provided for sales of a new residential property that is not part of a subdivision, such as a new home or a new four-unit building being built on a lot.

Who should complete the transfer disclosure statement?

For most residential transactions in California, the seller is required to complete and provide the buyer with a Transfer Disclosure Statement (TDS).

Who must prepare the transfer disclosure statement?

Filling out the California Transfer Disclosure Statement: Allby yourself, sellers! Generally, sellers complete real estate disclosure paperwork after the buyers sign the purchase offer agreement or may even have it filled out prior to listing their home.

Who must complete the entire transfer disclosure statement?

the seller is required to complete a Transfer Disclosure Statement (TDS). 6. You must provide the seller with a signed copy of the Buyers Inspection Advisory and: have it signed and initialed by the seller.

Who must complete the entire transfer disclosure statement (TDS)?

The seller and any broker(s)/agent(s) involved are to participate in the disclosures. If more than one broker/agent is involved, the broker/agent obtaining the offer is to deliver the disclosures to the prospective buyer unless the seller instructs otherwise.

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