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Vacant Land Disclosure Statement VLDS-1

Vacant Land Disclosure Statement VLDS-1 2025

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The document is a Vacant Land Disclosure Statement for a property located at 2420 Valentine Street, Sarasota, FL. It outlines the seller's obligations under Florida law to disclose known facts that materially affect the property's value. The statement includes sections on claims and assessments, use restrictions, surveys, environmental hazards, flood risks, property condition, utilities, and other matters affecting the property's value. The seller acknowledges that the information provided is accurate to their knowledge and is not a warranty of any kind.

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What is the purpose of the disclosure statement?

A disclosure statement is a financial document presented to a participant in a transaction that explains key information in plain language. These are provided for retirement plans to spell out the plans rules, and with the contract for mortgages, auto, personal, and other kinds of loans.

What is a vacant land disclosure statement in Florida?

This disclosure statement is designed to assist Seller in complying with the disclosure requirements under Florida law and to assist the Buyer in evaluating the property being considered. This disclosure statement concerns the condition of the real property located at above address.

Is it bad if there is no seller disclosure?

While the disclosure form will vary in format, it may contain the following: List of specific issues the homeowner must check off if the home has them. Questions about the property the seller must answer with Yes, No or Unknown Space to provide further explanation of the issue and if it was fixed.

What is the purpose of the disclosure document?

Disclosure helps both parties prepare their cases. If parties have fully disclosed their positions, documents and witnesses, the process is fair and timely, and no one is taken by surprise.

What is the purpose of a disclosure statement?

In most states, by law, you have to disclose any issues with the property. By not disclosing, you open yourself up to lawsuit.

What is the purpose of an information disclosure statement?

An information disclosure statement (often abbreviated as IDS) refers to a submission of relevant background art or information to the United States Patent and Trademark Office (USPTO) by an applicant for a patent during the patent prosecution process.

What is the point of a disclosure statement?

These disclosure statements provide an opportunity to note any statements or representations made by either party to influence their decision to enter into a lease. The lessors disclosure statement is given by the lessor to the lessee.