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PROPERTY CONDITION 2025

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The document is a Property Condition Disclosure Statement approved by the Nova Scotia Real Estate Commission, intended for use by industry members under the Nova Scotia Real Estate Trading Act. It requires sellers to provide accurate information regarding the property's condition, including details about water supply, sewage disposal, electrical and plumbing systems, heating systems, structural integrity, mechanical issues, zoning compliance, environmental concerns, and any general limitations or damages. The seller must disclose known issues and provide documentation where applicable. This statement is part of the purchase contract and aims to inform potential buyers about the property's condition.

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Click ‘Get Form’ to open the PROPERTY CONDITION Disclosure Statement in the editor.
Begin by entering the property address and MLS® / PID # at the top of the form. This information is crucial for identifying the property.
In Section 1, select appropriate replies regarding water supply. Indicate if there are any known issues with water quality or pressure, and provide details about any treatment systems.
Proceed to Section 2 for sewage disposal. Specify the type of system and note any problems or repairs made in recent years.
Continue through Sections 3 to 10, addressing electrical, plumbing, heating systems, structural integrity, mechanical issues, zoning permits, environmental concerns, and general limitations. Ensure all fields are filled accurately.
Finally, review your entries for accuracy before saving or sharing the completed document with potential buyers.

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Versions	Form popularity	Fillable & printable
2016	4.8 Satisfied (80 Votes)
2013	4 Satisfied (30 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What does property condition mean?

Condition refers to the state or physical condition of a property and can include wear and tear, damage, age, and overall maintenance. A propertys condition can affect its value if the property is damaged or in need of repair. It can also affect the propertys usability, functionality, and the buildings lifespan.

How do you describe the condition of a property?

A condition report should include a general, surface-level overview of the condition of the structure of the building, the state of repair, maintenance issues and any defects. The report should also make recommendations on any repairs that are needed and advise on anything important that needs addressing.

What does property condition good mean?

Average to Good: Homes where all items are in satisfactory condition, some may be like new, but no obvious repairs or refinishing required. Good: Homes that may be mass produced in above-average residential developments or built for an individual owner.

Is a property condition report an appraisal?

A property condition assessment report and an appraisal may look similar, but they serve different purposes. While a property condition report assesses the physical condition of a property, an appraisal determines its monetary value.

What is a condition in property?

This means that when you exchange Contracts you are. entering into a binding legal agreement to buy a property in the condition it is in at that date. This means you will purchase the property subject to any defects the property may have, whether or not they are obvious.

What is a property condition form?

What is a Property Condition Report? A Property Condition Assessment, also referred to as a property condition report, is a systematic due diligence inspection of a propertys current components and systems to assess their condition and identify any potential issues that may impact the propertys value.

PROPERTY CONDITION 2025

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