1. SELLER PROPERTY INFORMATION STATEMENT - RESIDENTIAL

    SELLERS: ANSWERS MUST BE COMPLETE AND ACCURATE. This statement is designed in part to protect Sellers by establishing that correct information concerning the property is being provided to buyers. All of the information contained herein is provided by the Sellers to the broker/sales representative or Buyer. Any person who is in receipt of and utilizes this Statement acknowledges and agrees that the information is being provided for information purposes only and is not a warranty as to the matters recited hereinafter even if attached to an Agreement of Purchase and Sale. The broker/sales representative shall not be held responsible for the accuracy of any information contained herein.

    Buyers must still make their own enquiries notwithstanding the information contained on this statement. Each question and answer must be considered and where necessary, keeping in mind that the Sellers' knowledge of the property may be incomplete, additional information can be requested from the Sellers or from an independent source such as the municipality. Buyers can hire an independent inspector to examine the property to determine whether defects exist and to provide an estimate of the cost of repairing problems that have been identified.

    PROPERTY:

    SELLER(S):

    1 (a) I have owned the property foryears.

    (b) I have occupied the property fromto

    2. Does any other party have an ownership, spousal, or other interest in the property?

    3. Is the property subject to first right of refusal, option, lease, rental agreement or other listing?

    4. If the Seller owns adjoining land, has a consent to sever been obtained within the last 2 years?

    5. Are there any encroachments, registered easements, or rights-of-way?

    6. (a) Is there a plan of Survey? Date of survey

    (b) Does the survey show the current location of all buildings, improvements, easements, encroachments and rights-of-way?

    7. What is the zoning on the subject property?.

    8. Does the subject property comply with the zoning? If not, is it legal non-conforming?

    9. Are there any pending real estate developments, projects or applications for rezoning in the neighbourhood

    10. Are there any restrictive covenants that run with the land?

    11. Are there any drainage restrictions?

    12. Are there any local levies or unusual taxes being charged at the present time or contemplated? If so, at what cost?. Expiry date

    13. Have you received any notice, claim, work order or deficiency notice affecting the property from any person or any public body?. Explain

    14. Are there any public projects planned for the immediate area? Eg: road widenings, new highways, expropriations etc.. Explain

    15.(a) Are there any current or pending Heritage designations for the property?

    (b) Is the property in an area designated as Heritage?

    16. Are there any conditional sales contracts, leases, or service contracts? eg: furnace, alarm system, etc. Are they assignable or will they be discharged?. Explain.

    17. Are there any defects in any appliances or equipment included with the property?

    18. Are you aware of any problems with the swimming pool, hot tub or whirlpool bathtub?

    19. Is the outdoor lawn sprinkler system in working order?

    20. Do you know the approximate age of the building(s)? Age. Any additions: Age

    21. Are there any past or pending claims under any New Home Warranty Program? Program Registration Number.

    22. Will the sale of this property be subject to GST or other taxes?

    ADDITIONAL COMMENTS:

    WATER SUPPLY AND WASTE DISPOSAL:

    1. (a) What is your water source? Municipal Drilled Bored Dug Lake Community Shared Other

    (b) If your water source is Community/Shared, is there a transferrable written agreement? (c) Are you aware of any problem re: quantity of water? (d) Are you aware of any problems re: quality of water? (e) Do you have any water treatment devices?. (f) Is your water system operable year round?

    2. (a) What kind of sewage disposal system services the property?.

    (b) Are you aware of any problems with the septic system? Date septic tank/holding tank last pumped

    (c) What documentation for the septic system is available? Use Permit Location Sketch Maintenance Records Age of system

    16 ADDITIONAL COMMENTS:

    SELLER(S) TO INITIAL EACH APPLICABLE BOX YES NO UNKNOWN NOT APPLICABLE

    ENVIRONMENTAL:

    1. Are you aware of possible environmental problems or soil contamination of any kind on your property or in the immediate area? Eg: toxic waste, underground gasoline or fuel tanks etc.

    2. Are there any existing or proposed waste dumps, disposal sites or land fills in the immediate area?

    3. Is the lot subject to flooding?

    4. Is the property under the jurisdiction of any Conservation Authority or Commission?

    5. (a) Is there a fuel oil tank on the property? If yes, complete the following:

    Underground. Date for required upgrading or removal.

    Aboveground. Age of tank. Date of last inspection

    (b) Does the fuel oil tank comply with the Technical Standards and Safety Authority requirements and any other requirements for fuel to be delivered?

    6. Has the use of the property ever been for the growth or manufacture of illegal substances?

    ADDITIONAL COMMENTS:

    STRUCTURAL:

    1. Are you aware of any structural problems?

    2. (a) Have you made any renovations, additions or improvements to the property?

    (b) Was a building permit obtained?

    (c) Has the final building inspection been approved or has a final occupancy permit been obtained?

    3. To the best of your knowledge have the building(s) ever contained ureaformaldehyde insulation?

    4. (a) Are you aware of any deficiencies or non-compliance with the Fire Code?

    (b) Is your property equipped with operational smoke detectors?

    (c) Is the property equipped with operational carbon monoxide detectors?

    5. Is the woodstove(s)/chimney(s)/fireplace(s) in working order?

    6. Are you aware of any problems with the central air conditioning or heating system?

    7. Are you aware of any moisture and/or water problems in the basement or crawl space?

    8. Are you aware of any damage due to wind, fire, water, insects, termites, rodents, pets or wood rot?

    9. Are you aware of any roof leakage or unrepaired damage? Age of roof covering if known

    10.(a) Are you aware of any problems with the electrical system?

    (b) Type of wiring: copper aluminium knob-and-tube other

    11. Are you aware of any problems with the plumbing system?

    12. Is there any lead or galvanized metal plumbing on the property?

    13. What is under the carpeting?

    14. Is there a home inspection report available? Date of Report

    ADDITIONAL COMMENTS:

    CONDOMINIUMS:

    1. Are there any special assessments approved or proposed?

    2. Has a reserve fund study been completed? Date of Study

    3. (a) Are there any restrictions on the use of the property? e.g. pets

    (b) Are there any pending rule or by-law amendments which may alter or restrict the uses of the property?

    4. Is the condominium registered?

    5. Parking: Number of SpacesOwned Exclusive Use Leased or Licensed

    ADDITIONAL COMMENTS:

    For the purposes of this Seller Property Information Statement, a "Seller" includes a vendor, a landlord, or a prospective vendor or landlord and a "buyer" includes a purchaser, a tenant, or a prospective purchaser or tenant. THE SELLERS STATE THAT THE ABOVE INFORMATION IS TRUE, BASED ON THEIR CURRENT ACTUAL KNOWLEDGE AS OF THE DATE BELOW. ANY IMPORTANT CHANGES TO THIS INFORMATION KNOWN TO THE SELLERS WILL BE DISCLOSED BY THE SELLERS PRIOR TO CLOSING. THE SELLERS HEREBY AUTHORIZE THAT A COPY OF THIS SELLER PROPERTY INFORMATION STATEMENT BE DELIVERED TO PROSPECTIVE BUYERS OR THEIR AGENTS OR REPRESENTATIVES. THE SELLERS HEREBY ACKNOWLEDGE RECEIPT OF A TRUE COPY OF THIS STATEMENT.

    NOTE: SELLERS ARE RESPONSIBLE FOR THE ACCURACY OF ALL ANSWERS AND ACKNOWLEDGE THAT SAID ANSWERS FORM THE BASIS OF BUYERS' INTEREST IN THE PROPERTY.

    DATE .(Seller)

    DATE (Seller)

    I acknowledge that the information provided herein is not warranted and hereby acknowledge receipt of a copy of the above information.

    DATE. (Buyer or Authorized Representative)

    DATE (Buyer)

     

    Name
    Home Phone
    E-mail

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Copyright 2009 [Bonanza Enterprises]. All rights reserved.
Revised: 09/14/10