Nac: Chapter 113 - Sales Of Real Property

Link to law: http://www.leg.state.nv.us/nac/NAC-113.html
Published: 2015

[Rev. 11/21/2013 3:49:31

PM--2013]



[NAC-113 Revised Date: 11-98]

CHAPTER 113 - SALES OF REAL PROPERTY

113.150            Contents and format of form for

disclosing condition of residential property offered for sale.

 

 

 

      NAC 113.150  Contents and format of form for disclosing condition of

residential property offered for sale. (NRS 113.120)

     1.  The form required pursuant to NRS 113.130 for disclosing the

condition of residential property offered for sale must include:

     (a) All notices required pursuant to subsection 2

of NRS 113.120;

     (b) A description of the condition of the property

and the foundation of any dwelling unit on the property;

     (c) A description of the plumbing and sewer system,

including, but not limited to, whether a septic tank exists on the property and

the source of the supply of any water to the property;

     (d) A description of the condition of the roof and

exterior walls of any dwelling unit located on the property;

     (e) A description of the condition of any

electrical, heating, cooling and plumbing systems on the property, including,

but not limited to, the condition of any:

          (1) Range, oven or microwave oven;

          (2) System for the disposal of garbage or

trash;

          (3) Mechanism which opens a garage door;

          (4) Dishwasher;

          (5) Water heater;

          (6) Air conditioner;

          (7) Smoke detector;

          (8) System for the treatment of water;

          (9) System for watering grass and other

vegetation on the property;

          (10) Alarm system;

          (11) Bathtub, shower, toilet and sink; and

          (12) Pool or spa;

     (f) Whether an underground storage or oil tank is

on the property;

     (g) Whether the property is subject to the rules or

regulations of an association of homeowners and whether the seller is aware of

any current litigation, mediation, arbitration or special assessments

concerning the property or any common areas associated with the property; and

     (h) Whether the seller is aware of any other

conditions or aspects of the property which will affect its value or use in an

adverse manner.

     2.  A seller of residential property shall

use the most current form for disclosing the condition of residential property

offered for sale provided by the real estate division of the department of

business and industry. The form must not be modified, altered or amended in any

manner, except by or with the approval of the division.

     (Added to NAC by Real Estate Div., eff. 5-14-96; A by

R132-96, 8-18-98)
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