contracts

Real Estate Transfer Disclosure Statement (TDS)

The statutory form in California Civil Code §1102.6 on which sellers of one-to-four-unit residential property disclose what they know about the property's condition, with separate sections for the listing agent's and buyer's agent's visual inspections. It is not a warranty. It must be delivered as soon as practicable before transfer of title. If it or a material amendment arrives after the buyer signs an offer, the buyer may terminate within 3 days of in-person delivery or 5 days of mail delivery. 'As is' sales are not exempt.