The seller of a one-to-four unit residential property completes and delivers to a prospective buyer a statutory form called a Transfer Disclosure Statement TDS more generically called a Condition of Property Disclosure Statement.
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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. UNITED STATES DISTRICT COURT FOR THE GovInfo.
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