Transfer Disclosure Statement
A legally mandated disclosure form where sellers must reveal known material facts about the property's condition, including defects, repairs, and neighborhood issues.
When Its Used
Required by California Civil Code Section 1102 for most residential sales. Must be delivered to buyer as soon as practicable before transfer of title.
Key Sections
Section I - Seller's disclosure of property condition; Section II - Agent's inspection disclosure; Section III - Agent representing buyer; Structural components; Appliances included; Environmental hazards
Common Mistakes
Seller leaving items blank instead of marking N/A; Agent failing to complete Section II; Not obtaining buyer's signature acknowledging receipt; Late delivery triggering rescission rights
Pro Tip
The TDS creates a 3-day rescission right for buyers if delivered after offer acceptance. Complete Section II thoroughly - your inspection is separate from the seller's disclosures.
