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| | HB2559 | - 2 - | LRB104 08376 JRC 18427 b |
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1 | | Seller's Name: .......................................... |
2 | | This Report is a disclosure of certain conditions of the |
3 | | residential real property listed above in compliance with the |
4 | | Residential Real Property Disclosure Act. This information is |
5 | | provided as of ...(month) ...(day) ...(year). The disclosures |
6 | | herein shall not be deemed warranties of any kind by the seller |
7 | | or any person representing any party in this transaction. |
8 | | In this form, "aware" means to have actual notice or |
9 | | actual knowledge without any specific investigation or |
10 | | inquiry. In this form, "material defect" means a condition |
11 | | that would have a substantial adverse effect on the value of |
12 | | the residential real property or that would significantly |
13 | | impair the health or safety of future occupants of the |
14 | | residential real property unless the seller reasonably |
15 | | believes that the condition has been corrected. |
16 | | The seller discloses the following information with the |
17 | | knowledge that even though the statements herein are not |
18 | | deemed to be warranties, prospective buyers may choose to rely |
19 | | on this information in deciding whether or not and on what |
20 | | terms to purchase the residential real property. |
21 | | The seller represents that to the best of his or her actual |
22 | | knowledge, the following statements have been accurately noted |
23 | | as "yes" (correct), "no" (incorrect), or "not applicable" to |
24 | | the property being sold. If the seller indicates that the |
25 | | response to any statement, except number 1, is yes or not |
26 | | applicable, the seller shall provide an explanation in the |
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| | HB2559 | - 6 - | LRB104 08376 JRC 18427 b |
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1 | | | | | | and Community Protection Act. | |
2 | | 25. | ..... | ..... | ..... | I am aware that the roof of this | |
3 | | | | | | property is ..... years old. |
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4 | | Note: These disclosures are not intended to cover the |
5 | | common elements of a condominium, but only the actual |
6 | | residential real property including limited common elements |
7 | | allocated to the exclusive use thereof that form an integral |
8 | | part of the condominium unit. |
9 | | Note: These disclosures are intended to reflect the |
10 | | current condition of the premises and do not include previous |
11 | | problems, if any, that the seller reasonably believes have |
12 | | been corrected. |
13 | | If any of the above are marked "not applicable" or "yes", |
14 | | please explain here or use additional pages, if necessary: |
15 | | ..
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16 | | .............................................................
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17 | | ............................................................. |
18 | | Check here if additional pages used: ..... |
19 | | Seller certifies that seller has prepared this report and |
20 | | certifies that the information provided is based on the actual |
21 | | notice or actual knowledge of the seller without any specific |
22 | | investigation or inquiry on the part of the seller. The seller |
23 | | hereby authorizes any person representing any principal in |
24 | | this transaction to provide a copy of this report, and to |
25 | | disclose any information in the report, to any person in |
26 | | connection with any actual or anticipated sale of the |
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| | HB2559 | - 7 - | LRB104 08376 JRC 18427 b |
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1 | | property. |
2 | | (This paragraph shall be printed in boldface type.) THE |
3 | | SELLER ACKNOWLEDGES THAT THE SELLER IS REQUIRED TO PROVIDE |
4 | | THIS DISCLOSURE REPORT TO THE PROSPECTIVE BUYER BEFORE THE |
5 | | SIGNING OF THE CONTRACT AND HAS A CONTINUING OBLIGATION, |
6 | | PURSUANT TO SECTION 30 OF THE RESIDENTIAL REAL PROPERTY |
7 | | DISCLOSURE ACT, TO SUPPLEMENT THIS DISCLOSURE PRIOR TO |
8 | | CLOSING. |
9 | | Seller: ............................... Date: ...............
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10 | | Seller: ............................... Date: ........... |
11 | | THE PROSPECTIVE BUYER IS AWARE THAT THE PARTIES MAY CHOOSE |
12 | | TO NEGOTIATE AN AGREEMENT FOR THE SALE OF THE PROPERTY SUBJECT |
13 | | TO ANY OR ALL MATERIAL DEFECTS DISCLOSED IN THIS REPORT ("AS |
14 | | IS"). THIS DISCLOSURE IS NOT A SUBSTITUTE FOR ANY INSPECTIONS |
15 | | OR WARRANTIES THAT THE PROSPECTIVE BUYER OR SELLER MAY WISH TO |
16 | | OBTAIN OR NEGOTIATE. (The remainder of this paragraph shall be |
17 | | printed in boldface type.) THE FACT THAT THE SELLER IS NOT |
18 | | AWARE OF A PARTICULAR CONDITION OR PROBLEM IS NO GUARANTEE |
19 | | THAT IT DOES NOT EXIST. THE PROSPECTIVE BUYER IS AWARE THAT THE |
20 | | PROSPECTIVE BUYER MAY REQUEST AN INSPECTION OF THE PREMISES |
21 | | PERFORMED BY A QUALIFIED PROFESSIONAL. |
22 | | Prospective Buyer: .................. Date: ...... Time: ....
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23 | | Prospective Buyer: .................. Date: ...... Time: .... |
24 | | (Source: P.A. 102-765, eff. 5-13-22.) |