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TABLE OF CHAPTER CONTENTS RESALE DISCLOSURES CIVIL CODE Division 2 Property Part 4 Acquisition of Property Title 4 TRANSFER Chapter 2 TRANSFER OF REAL PROPERTY Article 1.5 Disclosures Upon Transfer of Residential Property § 1102. Transactions to which article applies; Waiver void as against public policy ........................................................ 127 § 1102.1. Legislative intent regarding use of disclosure statement .......................... 127 § 1102.2. Transactions to which article does not apply ............................................ 128 § 1102.3a. Delivery of disclosure statement by transferor of manufactured home or mobilehome; Effect of delivery of specified disclosure after execution of purchase offer ...................................................................... 128 § 1102.4. Liability for errors or omissions ................................................................. 128 § 1102.5. Information rendered inaccurate due to subsequent events; Use of approximations.............................................................................. 129 § 1102.6d. Manufactured home and mobilehome transfer disclosure statement ...... 129 § 1102.7. Disclosures to be made in good faith; “Good faith” .................................. 132 § 1102.8. Effect of article on other required disclosures .......................................... 132 § 1102.9. Amendment of disclosure statement ........................................................ 132 § 1102.10. Means of delivering statement .................................................................. 133 § 1102.11. Escrow agents .......................................................................................... 133 § 1102.12. Broker’s duties .......................................................................................... 133 § 1102.13. Failure to comply with article; Liability for damages ................................. 133 § 1102.14. “Listing agent”; “Selling agent” .................................................................. 133 § 1102.15. Disclosure of former ordnance locations within neighborhood area ........ 133 § 1102.16. Disclosure relating to window security bars .............................................. 133 § 1102.17. Notice that property is adjacent to, zoned to allow, or affected by nuisance created by industrial use .................................... 133 126
RESALE DISCLOSURES RESALE DISCLOSURES CIVIL CODE Division 2 Property Part 4 Acquisition of Property Title 4 TRANSFER Chapter 2 TRANSFER OF REAL PROPERTY Article 1.5 Disclosures Upon Transfer of Residential Property § 1102. Transactions to which article applies; Waiver void as against public policy (a) Except as provided in Section 1102.2, this article applies to any transfer by sale, exchange, installment land sale contract, as defined in Section 2985, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements, of real property or residential stock cooperative, improved with or consisting of not less than one nor more than four dwelling units. (b) Except as provided in Section 1102.2, this article shall apply to a resale transaction entered into on or after January 1, 2000, for a manufactured home, as defined in Section 18007 of the Health and Safety Code, or a mobilehome, as defined in Section 18008 of the Health and Safety Code, which manufactured home or mobilehome is classified as personal property and intended for use as a residence. (c) Any waiver of the requirements of this article is void as against public policy. § 1102.1. Legislative intent regarding use of disclosure statement (a) In enacting Chapter 817 of the Statutes of 1994, it was the intent of the Legislature to clarify and facilitate the use of the real estate disclosure statement, as specified in Section 1102.6. The Legislature intended the statement to be used by transferors making disclosures required under this article and by agents making disclosures required by Section 2079 on the agent‘s portion of the real estate disclosure statement, in transfers subject to this article. In transfers not subject to this article, agents may make required disclosures in a separate writing. The Legislature did not intend to affect the existing obligations of the parties to a real estate contract, or their agents, to disclose any fact materially affecting the value and desirability of the property, including, but not limited to, the physical conditions of the property and previously received reports of physical inspections noted on the disclosure form set forth in Section 1102.6 or 1102.6a, and that nothing in this article shall be construed to change the duty of a real estate broker or salesperson pursuant to Section 2079. It is also the intent of the Legislature that the delivery of a real estate transfer disclosure statement may not be waived in an “as is” sale, as held in Loughrin v Superior Court (1993) 15 Cal. App. 4th 1188. (b) In enacting Chapter 677 of the Statutes of 1996, it was the intent of the Legislature to clarify and facilitate the use of the manufactured home and mobilehome transfer disclosure statement applicable to the resale of a manufactured home or mobilehome pursuant to subdivision (b) of Section 1102. The Legislature intended the statements to be used by transferors making disclosures required under this article and by agents making disclosures required by Section 2079 on the agent’s portion of the disclosure statement and as required by Section 18046 of the Health and Safety Code on the dealer‘s portion of the manufactured home and mobilehome transfer disclosure statement, in transfers subject to this article. In transfers not subject to this article, agents may make required disclosures in a separate writing. The Legislature did not intend to affect the existing obligations of the parties to a real estate contract, or their agents, to disclose any fact materially affecting the value and desirability of the property, including, but not limited to, the physical conditions of the property and previously received reports of physical inspections noted on the disclosure form set forth in Section 1102.6 or 1102.6a or to affect the existing obligations of the parties to a manufactured home or mobilehome purchase contract, and nothing in this article shall be construed to change the duty of a real estate broker or salesperson pursuant to Section 2079 or the duty of a manufactured home or mobilehome dealer or salesperson pursuant to Section 18046 of the Health and Safety Code. It is also the intent of the Legislature that the delivery of a mobilehome transfer disclosure statement may not be waived in an “as is” sale. (c) It is the intent of the Legislature that manufactured home and mobilehome dealers and salespersons and real estate brokers and salespersons use the form provided pursuant to Section 1102.6d. It is also the intent of the Legislature for sellers of manufactured homes or mobilehomes who are neither manufactured home dealers or salespersons nor real estate brokers or salespersons to use the Manufactured Home/Mobilehome Transfer Disclosure Statement contained in Section 1102.6d. 127
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TABLE OF CHAPTER CONTENTS<br />
RESALE DISCLOSURES<br />
CIVIL CODE<br />
Division 2 Property<br />
Part 4 Acquisition <strong>of</strong> Property<br />
Title 4 TRANSFER<br />
Chapter 2 TRANSFER OF REAL PROPERTY<br />
Article 1.5 Disclosures Upon Transfer <strong>of</strong> Residential Property<br />
§ 1102. Transactions to which article applies;<br />
Waiver void as against public policy ........................................................ 127<br />
§ 1102.1. Legislative intent regarding use <strong>of</strong> disclosure statement .......................... 127<br />
§ 1102.2. Transactions to which article does not apply ............................................ 128<br />
§ 1102.3a. Delivery <strong>of</strong> disclosure statement by transferor <strong>of</strong> manufactured home<br />
or mobilehome; Effect <strong>of</strong> delivery <strong>of</strong> specified disclosure after<br />
execution <strong>of</strong> purchase <strong>of</strong>fer ...................................................................... 128<br />
§ 1102.4. Liability for errors or omissions ................................................................. 128<br />
§ 1102.5. Information rendered inaccurate due to subsequent events;<br />
Use <strong>of</strong> approximations.............................................................................. 129<br />
§ 1102.6d. Manufactured home <strong>and</strong> mobilehome transfer disclosure statement ...... 129<br />
§ 1102.7. Disclosures to be made in good faith; “Good faith” .................................. 132<br />
§ 1102.8. Effect <strong>of</strong> article on other required disclosures .......................................... 132<br />
§ 1102.9. Amendment <strong>of</strong> disclosure statement ........................................................ 132<br />
§ 1102.10. Means <strong>of</strong> delivering statement .................................................................. 133<br />
§ 1102.11. Escrow agents .......................................................................................... 133<br />
§ 1102.12. Broker’s duties .......................................................................................... 133<br />
§ 1102.13. Failure to comply with article; Liability for damages ................................. 133<br />
§ 1102.14. “Listing agent”; “Selling agent” .................................................................. 133<br />
§ 1102.15. Disclosure <strong>of</strong> former ordnance locations within neighborhood area ........ 133<br />
§ 1102.16. Disclosure relating to window security bars .............................................. 133<br />
§ 1102.17. Notice that property is adjacent to, zoned to allow,<br />
or affected by nuisance created by industrial use .................................... 133<br />
126