When you’re ready to buy a home, you’ll need to be sure that you receive a natural hazard disclosure report. Under section 1103 of the California Civil Code, the Natural Hazard Disclosure Act states that “real estate sellers and brokers are legally required to disclose if the property being sold lises within one or more state or locally mapped hazard areas.”
The law requires six hazards to be disclosed, which include:
1. A Special Floor Hazard Area
2. Dam Inundation
3. Very High Fire
4. Wildland Fire
5. Earthquake Fault Zone
6. A Seismic Hazard
The state of California has a standard reporting format for the seller and their agent to comply with the laws, since it is their responsibility to disclose this information to the buyer. The seller and their agent can seek out a “third party” (typically a disclosure company, an engineer, geologist, or expert in the natural hazard discovery) to prepare the report.
The seller, sellers agent, and buyer, need to sign one copy of the Natural Hazard Disclosure Report proper to the close of escrow.
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