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92_HB2442
LRB9205247DJmg
1 AN ACT in relation to property.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Residential Real Property Disclosure Act
5 is amended by changing Section 35 as follows:
6 (765 ILCS 77/35)
7 Sec. 35. Disclosure report form. The disclosures
8 required of a seller by this Act must shall be made in the
9 following form:
10 RESIDENTIAL REAL PROPERTY DISCLOSURE REPORT
11 NOTICE: THE PURPOSE OF THIS REPORT IS TO PROVIDE
12 PROSPECTIVE BUYERS WITH INFORMATION ABOUT MATERIAL DEFECTS IN
13 THE RESIDENTIAL REAL PROPERTY. THIS REPORT DOES NOT LIMIT
14 THE PARTIES' RIGHT TO CONTRACT FOR THE SALE OF RESIDENTIAL
15 REAL PROPERTY IN "AS IS" CONDITION. UNDER COMMON LAW,
16 SELLERS WHO DISCLOSE MATERIAL DEFECTS MAY BE UNDER A
17 CONTINUING OBLIGATION TO ADVISE THE PROSPECTIVE BUYERS ABOUT
18 THE CONDITION OF THE RESIDENTIAL REAL PROPERTY EVEN AFTER THE
19 REPORT IS DELIVERED TO THE PROSPECTIVE BUYER. COMPLETION OF
20 THIS REPORT BY THE SELLER CREATES LEGAL OBLIGATIONS ON THE
21 SELLER; THEREFORE THE SELLER MAY WISH TO CONSULT AN ATTORNEY
22 PRIOR TO COMPLETION OF THIS REPORT.
23 Property Address: ...........................................
24 City, State & Zip Code: .....................................
25 Seller's Name: ..............................................
26 This Report is a disclosure of certain conditions of the
27 residential real property listed above in compliance with the
28 Residential Real Property Disclosure Act. This information
29 is provided as of ...(month) ...(day) ...(year), and does not
30 reflect any changes made or occurring after that date or
31 information that becomes known to the seller after that date.
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1 The disclosures herein shall not be deemed warranties of any
2 kind by the seller or any person representing any party in
3 this transaction.
4 In this form, "am aware" means to have actual notice or
5 actual knowledge without any specific investigation or
6 inquiry. In this form, "material defect" means a condition
7 that would have a substantial adverse effect on the value of
8 the residential real property or that would significantly
9 impair the health or safety of future occupants of the
10 residential real property unless the seller reasonably
11 believes that the condition has been corrected.
12 The seller discloses the following information with the
13 knowledge that even though the statements herein are not
14 deemed to be warranties, prospective buyers may choose to
15 rely on this information in deciding whether or not and on
16 what terms to purchase the residential real property.
17 The seller represents that to the best of his or her
18 actual knowledge, the following statements have been
19 accurately noted as "yes" (correct), "no" (incorrect), or
20 "not applicable" to the property being sold. If the seller
21 indicates that the response to any statement, except number
22 1, is yes or not applicable, the seller shall provide an
23 explanation, in the additional information area of this form.
24 YES NO N/A
25 1 ...... ..... ..... Seller has occupied the property
26 within the last 12 months. (No
27 explanation is needed.)
28 2. ..... ..... ..... I am aware of flooding or recurring
29 leakage problems in the crawl
30 space or basement.
31 3. ..... ..... ..... I am aware that the property is
32 located in a flood plain or that I
33 currently have flood hazard
34 insurance on the property.
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1 4. ..... ..... ..... I am aware of material defects in
2 the basement or foundation
3 (including cracks and bulges).
4 5. ..... ..... ..... I am aware of leaks or material
5 defects in the roof, ceilings, or
6 chimney.
7 6. ..... ..... ..... I am aware of material defects in
8 the walls or floors.
9 7. ..... ..... ..... I am aware of material defects in
10 the electrical system.
11 8. ..... ..... ..... I am aware of material defects in
12 the plumbing system (includes
13 such things as water heater, sump
14 pump, water treatment system,
15 sprinkler system, and swimming
16 pool).
17 9. ..... ..... ..... I am aware of material defects in
18 the well or well equipment.
19 10. ..... ..... ..... I am aware of unsafe conditions in
20 the drinking water.
21 11. ..... ..... ..... I am aware of material defects in
22 the heating, air conditioning, or
23 ventilating systems.
24 12. ..... ..... ..... I am aware of material defects in
25 the fireplace or woodburning
26 stove.
27 13. ..... ..... ..... I am aware of material defects in
28 the septic, sanitary sewer, or
29 other disposal system.
30 14. ..... ..... ..... I am aware of unsafe concentrations
31 of radon on the premises.
32 15. ..... ..... ..... I am aware of unsafe concentrations
33 of or unsafe conditions relating
34 to asbestos on the premises.
-4- LRB9205247DJmg
1 16. ..... ..... ..... I am aware of unsafe concentrations
2 of or unsafe conditions relating
3 to lead paint, lead water pipes,
4 lead plumbing pipes or lead in
5 the soil on the premises.
6 17. ..... ..... ..... I am aware of mine subsidence,
7 underground pits, settlement,
8 sliding, upheaval, or other earth
9 stability defects on the
10 premises.
11 18. ..... ..... ..... I am aware of current infestations
12 of termites or other wood boring
13 insects.
14 19. ..... ..... ..... I am aware of a structural defect
15 caused by previous infestations
16 of termites or other wood boring
17 insects.
18 20. ..... ..... ..... I am aware of underground fuel
19 storage tanks on the property.
20 21. ..... ..... ..... I am aware of boundary or lot line
21 disputes.
22 22. ..... ..... ..... I have received notice of violation
23 of local, state or federal laws
24 or regulations relating to this
25 property, which violation has not
26 been corrected.
27 Note: These disclosures are not intended to cover the
28 common elements of a condominium, but only the actual
29 residential real property including limited common elements
30 allocated to the exclusive use thereof that form an integral
31 part of the condominium unit.
32 Note: These disclosures are intended to reflect the
33 current condition of the premises and do not include previous
34 problems, if any, that the seller reasonably believes have
-5- LRB9205247DJmg
1 been corrected.
2 If any of the above are marked "not applicable" or "yes",
3 please explain here or use additional pages, if necessary:
4 .............................................................
5 .............................................................
6 .............................................................
7 Check here if additional pages used: .....
8 Seller certifies that seller has prepared this statement
9 and certifies that the information provided is based on the
10 actual notice or actual knowledge of the seller without any
11 specific investigation or inquiry on the part of the seller.
12 The seller hereby authorizes any person representing any
13 principal in this transaction to provide a copy of this
14 report, and to disclose any information in the report, to any
15 person in connection with any actual or anticipated sale of
16 the property.
17 Seller: ............................... Date: ...............
18 Seller: ............................... Date: ...............
19 THE PROSPECTIVE BUYER IS AWARE THAT THE PARTIES MAY
20 CHOOSE TO NEGOTIATE AN AGREEMENT FOR THE SALE OF THE PROPERTY
21 SUBJECT TO ANY OR ALL MATERIAL DEFECTS DISCLOSED IN THIS
22 REPORT ("AS IS"). THIS DISCLOSURE IS NOT A SUBSTITUTE FOR
23 ANY INSPECTIONS OR WARRANTIES THAT THE PROSPECTIVE BUYER OR
24 SELLER MAY WISH TO OBTAIN OR NEGOTIATE. THE FACT THAT THE
25 SELLER IS NOT AWARE OF A PARTICULAR CONDITION OR PROBLEM IS
26 NO GUARANTEE THAT IT DOES NOT EXIST. THE PROSPECTIVE BUYER IS
27 AWARE THAT HE MAY REQUEST AN INSPECTION OF THE PREMISES
28 PERFORMED BY A QUALIFIED PROFESSIONAL.
29 Prospective Buyer: .................. Date: ...... Time: ....
30 Prospective Buyer: .................. Date: ...... Time: ....
31 (Source: P.A. 90-383, eff. 1-1-98; 91-357, eff. 7-29-99.)