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Seller Disclosures Answer the Questions Below

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Seller Disclosures Answer the Questions Below SOUTHLAND REGIONAL ASSOCIATION OF REALTORS® Santa Clarita Valley Area Disclosure Property ________________________________________________________________________ referred to as “Subject Property" In which ______________________________________________________________________________ is referred to as “Seller” and ________________________________________________________________________________ is referred to as “Buyer” This document is intended to assist the parties in providing all appropriate disclosures concerning the Subject Property. It is not intended to provide a complete list of all potential issues related to the Subject Property. Accordingly, the parties should supplement this document, and all other required disclosures for this transaction, with all additional information they may have which impacts the Subject Property. Seller Disclosures Answer the questions below. 1. Are you aware of any settlement received or judgments regarding a lawsuit involving you the Seller, the Subject Property, the tract / development, or the Homeowners Association(s)? YES NO If Yes: a) Were repairs or other remedial actions made to the Subject Property? YES NO UNKNOWN b) Were the repairs or remedial actions done with appropriate permits? YES NO UNKNOWN If Yes, Explain:________________________________________________________________________________________ ____________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ 2. Has anything “stigmatized” the Subject Property such as a death on the property, a violent crime, crime in the area / neighborhood, or allegations that the Subject Property is “haunted”? YES NO If Yes, Explain: _______________________________________________________________________________________ ____________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ 3. Solar Does the property have a solar panel or power system? YES NO If yes, is the unit Leased Purchased without financing Purchased with financing 4. Common Mailbox Is the mailbox located in a common cluster mailbox? Yes No If Yes, what is the mailbox number? _______ 5. Garage / Parking Is the parking in a common or assigned parking, garage or carport? Yes No If yes, what is/are the assigned garage/parking space numbers? ________________________________________ Seller Initials ( ) ( ) Buyer Initials ( ) ( ) Page 1 of 6 Revised November 18, 2015 Property Address: Below is a list of disclosures to assist the Buyer in evaluating the purchase of the Subject Property. It is not intended as a complete list and Buyer is hereby instructed to take all necessary steps to satisfy themselves as to any issue that impacts them or the Subject Property. Websites referenced below may not be the only source of information regarding the subject matter and Buyer is encouraged to do their own online investigation. 1. Bermite: Whittaker-Bermite is an approximately 1000 acre site adjacent to Circle J Ranch on the south, Soledad Canyon on the north, Golden Valley Road on the east, and Railroad Avenue on the west. This former munitions testing and manufacturing site has contamination issues to soil and groundwater by perchlorates and other compounds. Certain water wells were shut down and clean-up efforts continue on and off the site for soil and groundwater contamination. Since May 1995, there have been plans to develop this area known as the Porta Bella Specific Plan. Included in this plan for development is the extension of Via Princessa from the 14 Freeway side through to the Circle J Ranch side. Exact timeline for clean-up and for future development is unknown at this time, but could take many years. For more information go to www.whittakerbermite.com or www.Santa-Clarita.com. 2. Castaic School: Buyer is advised that the William S. Hart School District is in the process of building a High School in the Sloan Canyon / Romero Canyon area of Castaic. The construction of the Castaic High School will bring various changes to the Castaic area such as, but not limited to: 1. During the construction period changes in traffic patterns, heavy machinery, construction noise, dust and other construction related issues will be expected. 2. When Castaic High School opens, school related issues will potentially affect neighboring areas. These items may include, but not limited to; traffic, noise, lighting, and other school related issues. 3. This disclosure is based on current released information that may or may not change. The Buyer is advised to contact the school district, and any other agency directly, and review any and all information at www.hartdistrict.org related to the proposed school and its potential effects on the area and Subject Property. Buyer is advised to make an independent and complete investigation of the effects, if any, on the value, use, and enjoyment of the Subject Property. 3. Cogeneration and Operational Power Plants: Buyer is advised there are cogeneration and operational power plants which utilize various fuels to produce electricity for on-site and off-site purposes. These plants are located in various areas, including but not limited to two plants in Placerita Canyon, Pitchess Detention Center in Castaic, Val Verde, Saugus, and Valencia. More information and lists of other possible plants can be found on the California Energy Commission website at www.energy.ca.gov. 4. Construction Materials Defects/Recalls/Class Actions: Certain properties may have been constructed or remodeled using materials or products that were substandard and may become inadequate or have been classified as defective and may have been, or could become, part of class action lawsuits. This includes, but is not limited to: ABS plastic drain and vent piping, which may fail and leak. Galvanized steel pipes which may fail and leak. Chinese Drywall which emits levels of sulfurous gasses and/or other volatile organic compounds that may cause corrosion of copper products such as wiring, plumbing, and other components and may create health risks. This affects homes built or remodeled after 2000. Lumber Liquidators laminate flooring made in China is under investigation for exceeding California’s formaldehyde toxicity limits. This may become a class action lawsuit and it may expand to other suppliers and manufacturers. For more information on these items and others, go to U.S. Consumer Product Safety Commission (CPSC) website at www.cpsc.gov and reference additional disclosure in the Statewide Buyer and Seller Advisory (SBSA). 5. County Jail Facilities: Buyer is advised the Los Angeles jail facility “Pitchess Detention Center” is situated on the east side of the I-5 freeway near Castaic. The county jail site includes four jail facilities ranging from medium to maximum security. 6. Earthquake Damage: Southern California has experienced various earthquakes in the past and experts predict it is likely it will experience more in the future. Damage caused by an earthquake may not be discoverable by Buyer’s or Broker’s visual inspection. Thus, an inspection by a licensed, qualified professional is strongly recommended to determine the structural integrity and safety of all structures and improvements on the property. Buyer is aware earthquake insurance may be available. 7. Fault lines: Buyer is advised many properties throughout the Santa Clarita Area are within, near or adjacent to known and unknown ground faults subject to earthquakes. Buyer is further advised to investigate the proximity of the San Andreas Fault and other known faults that may affect the Subject Property. Buyer should review all disclosures including the Natural Hazards Disclosure report. 8. Flooring Disclosure: Neither Seller nor Broker make any representation or guarantee as to the type or condition of the flooring located underneath existing carpeting or other floor covering, except as may be noted in writing by Seller. Buyer is advised to do his own independent investigation of the flooring during Buyer’s physical inspection period, if this is an important factor to Buyer. Buyer understands any investigation of the flooring must be done in a manner that will not damage the existing floor covering. Seller is required to disclose any adverse conditions regarding flooring underneath the existing floor covering that are known to Seller; however, Buyer understands that Seller is NOT responsible for damaged flooring underneath existing floor covering unless Seller was aware of such condition and failed to disclose this to Buyer. If Buyer is informed “hardwood floors” exist at Property, Buyer understands this is NOT a representation or guarantee that all flooring underneath existing carpeting is hardwood and is not a representation or guarantee as to the condition of said hardwood. Seller Initials ( ) ( ) Buyer Initials ( ) ( ) Page 2 of 6 Revised November 18, 2015 Property Address: 9. Future Development, Land Use, and Neighborhood Conditions: The Santa Clarita Valley, including the surrounding
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