When purchasing property, it is important to know as much about the location of this property as possible. You want to be informed of any potential dangers before you make such an investment. In the state of California, sellers are legally required to make relevant information known before selling property.
A natural hazard disclosure statement California provides information about any hazardous scenarios existing within an area for the protection of potential buyers. This type of report explains if the property being sold lies in an earthquake fault zone or in a region where seismic activity occurs.
A report of this nature explains if the property in question is situated in a flood hazard zone or within an area where a local dam could potentially lead to flooding. A natural hazard disclosure report California acknowledges if properties are susceptible to frequent wildfires or are in a very high fire hazard zone.
Another common element of these reports reveals whether or not the property for sale lies within an airport influence area. If so, future buyers could be limited in their ability to build structures to their desired height, and restrictions may be placed on how the property may be used. Of course, the obvious traffic and noise issues would come into play as well.
Disclosure reports expose any former military ordnance or mining operations that may have taken place on the property being sold. If the property is within a coastal protection zone, this must also be stated.
Natural hazard disclosure statements California also include other advisories in effect for the area such as dangerous carbon monoxide emissions, methamphetamine contamination, endangered species found in the region, hidden oil and gas wells. Additionally, these reports provide information pertaining to sexual offenders living in the area.
All these factors, along with others, affect property value, level of safety, how the land may be utilized and a number of other issues to be concerned with when purchasing property. A number of companies provide these reports, and the seller is free to choose from which to acquire his report. If the providing company is, in any way, affiliated with the agent buying the land in question, this information must be disclosed as well.
