Fillable ARKANSAS SELLERS PROPERTY DISCLOSURE FORM

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ARKANSAS SELLERS PROPERTY DISCLOSURE FORM

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The ARKANSAS SELLERS PROPERTY DISCLOSURE FORM form is 5 pages long and contains:

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  • 8 check-boxes
  • 249 other fields

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File type: PDF

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Page 1 of 5
Seller Initials ____________ Date ____________ Buyer Initials ____________ Date ___________
Seller Initials ____________ Date ____________ Buyer Initials ____________ Date ___________
ARKANSAS SELLER’S PROPERTY DISCLOSURE FORM
PROPERTY:___________________________________________________________________________
(physical address)
____________________________________________________________________________Arkansas.
(city) (county)
LEGAL:______________________________________________________________________________
(Lot #) (Block) (Subdivision)
If owner has ever occupied property, list dates of occupancy? ___/___/___ to___/___/___.
Residential real estate consumers, both purchasers and sellers, may benefit from a mechanism
maximizing their ability to obtain information concerning a home purchase and sale. This uniform
disclosure statement may aid both purchasers and sellers to identify aspects of properties which may
require attention: health, safety, environmental, structural, mechanical or other potential problem areas.
This disclosure form is not intended to diminish the responsibility of buyers to carefully examine the
property which they intend to purchase, and, in fact, highlights the importance of professional inspections
and environmental tests. This disclosure form does not limit existing responsibilities by a seller, buyer or
licensee concerning the condition of the property or potential liabilities or remedies at law, statute or in
equity.
This disclosure may significantly improve the transfer process and better serve the interest of all parties to
a property purchase. It may increase clarity regarding the nature of the property and provide greater
certainty to contracts entered into by better-informed buyers and sellers.
Under current law, the SELLER is required to disclose all known conditions that affect the health or safety
of a prospective purchaser. SELLER discloses to PURCHASER that SELLER knows of no defects in the
subject property, other than those deficiencies disclosed in this form.
Accordingly, SELLER(s) hereby authorize(s) licensee/broker to provide a copy of this Disclosure to any
person(s) or entity(ies) in connection with any actual or anticipated sale of the property.
PROPERTY CONDITION DISCLOSURES
Seller’s statement: This disclosure is based solely on the seller’s observation and knowledge of the
property’s condition and improvements and without assistance or direction from the Seller’s
Agent/Broker/Licensee. This document shall not be a warranty by the seller or seller’s agent and shall not
be intended as a substitute for an inspection or warranty the purchaser may wish to obtain.
Instructions to the seller: (1) Complete all numbered items. (2) If additional explanation is required please
attach additional pages with your signature. (3) If any item does not apply to your property, check the
“N/A” (not applicable) line. (4) If you do not know the answer to a question, check the “don’t know” line.
1. ENVIRONMENTAL ISSUES
YES
NO
DON’T
KNOW
N/A
a. Was the house built before 1978?
b. Are you aware of the use of urea formaldehyde, asbestos
materials, or lead-based paint in or on this home?
c. Are you aware of any testing for radon gas or evidence of
Page 2 of 5
Seller Initials ____________ Date ____________ Buyer Initials ____________ Date ___________
Seller Initials ____________ Date ____________ Buyer Initials ____________ Date ___________
toxic mold?
Results, if tested
d. Are you aware of any underground storage tanks, old septic
tanks, field lines, or abandoned wells on the property?
2. HOUSE SYSTEMS
YES
NO
DON’T
KNOW
N/A
Do you know of existing problems affecting:
a. Plumbing
b. Electrical System
c. Appliances
d. Floors and Walls
e. Doors and Windows
f. Ceiling and attic fans
g. Security system
h. Sump pump
i. Chimneys, fireplaces and inserts
j. Pool, hot tub, sauna
k. Sprinkler system
l. Heating – Age ______
m. Cooling/air conditioning - Age______
Explain:
3. FOUNDATION/STRUCTURE/BASEMENT/EXTERIOR
FINISH
YES
NO
DON’T
KNOW
N/A
a. Any defects or problems, current or past, to the foundation
or slab?
b. Any defects or problems, current or past, to the structure or
exterior veneer?
Explain:
c. Has the basement leaked since you owned or lived in the
property?
d. Have you ever had any repairs done to the basement?
Explain:
e. Does the house have an Exterior Finish and Insulation
System (EIFS) siding?
f. Any defects or problems, current or past, to the EIFS siding?
Explain:
Page 3 of 5
Seller Initials ____________ Date ____________ Buyer Initials ____________ Date ___________
Seller Initials ____________ Date ____________ Buyer Initials ____________ Date ___________
4. TERMITES, WOOD DESTROYING ORGANISMS, FUNGI,
ETC.
YES
NO
DON’T
KNOW
N/A
a. Are you aware of any active or previous signs of
subterranean or dry wood termites, powder post or wood boring
beetles or wood decaying fungus?
b. Are you aware of any damage due to wood infestation?
c. Have the house or other improvements ever been treated for
wood infestation?
If yes, when, by whom, any warranties?
5. ROOF
YES
NO
DON’T
KNOW
N/A
a. Age of the roof?
b. Has the roof leaked at any time since you have owned or
lived in the property?
Explain:
6. LAND/DRAINAGE
YES
NO
DON’T
KNOW
N/A
a. Any soil stability problems?
b. Has the property ever had drainage, flooding or grading
problems?
c. Is the property in a flood plain zone?
d. Is there a retention/detention basin, pond, lake, creek,
spring, or water shed on or adjoining the property?
Explain:
7. BOUNDARIES
YES
NO
DON’T
KNOW
N/A
a. Do you have a previous survey of the property?
b. Have you made any improvements since the last survey?
c. Are there any encroachments or unrecorded easements
relating to the property of which you are aware?
Explain:
d. Are you aware of any burial plots on the property?
8. WATER
YES
NO
DON’T
KNOW
N/A
a. Source of water supply? Public Well Shared well
Lake/Pond
b. Are you aware of below normal water supply or water
pressure?
Page 4 of 5
Seller Initials ____________ Date ____________ Buyer Initials ____________ Date ___________
Seller Initials ____________ Date ____________ Buyer Initials ____________ Date ___________
9. SEWER SYSTEM
YES
NO
DON’T
KNOW
N/A
a. Property is serviced by: Public sewer Private sewer
Septic tank none
b. Does your system require a pump/lift?
c. Are you aware of any problems with the sewer system?
Explain:
10. CONSTRUCTION/REMODELING
YES
NO
DON’T
KNOW
N/A
a. Since you have owned the property, have there been any
additions, structural modifications, or other alterations made?
Explain:
b. Have you been notified of any building code violations?
11. HOMEOWNERS/CONDO ASSOCIATION
YES
NO
DON’T
KNOW
N/A
a. Is the property/condo subject to rules or regulations of a
homeowner’s association?
b. If yes, what is the yearly assessment? $
c. Is the assessment voluntary or required ?
d. Are you aware of any condition that may result in an
increase in taxes or assessments?
e. Are any features of the property shared in common with
adjoining landowners, such as walls, fences, driveways, etc.?
12. MISCELLANEOUS
YES
NO
DON’T
KNOW
N/A
a. Are you aware of any existing or threatened legal action
affecting this property?
b. Are there any assessments other than property assessments
that apply to this property (i.e. sewer assessments, etc.)?
c. Are you aware of any other conditions which are defective
with regard to this property?
Explain:
ADDITIONAL INFORMATION:
Page 5 of 5
Seller Initials ____________ Date ____________ Buyer Initials ____________ Date ___________
Seller Initials ____________ Date ____________ Buyer Initials ____________ Date ___________
The information provided is true and correct to the best of my knowledge and I give
permission to my broker to share this information with all prospective purchasers.
___________________________________ ________________________________
Seller Seller
___________________________________ ________________________________
Date Date
The Buyer acknowledges receipt of copy of this form.
_______________________________ ___________________________
Buyer Buyer
____________________________________ ________________________________
Date Date
THE USE OF THIS DISCLOSURE FORM IS VOLUNTARY AND IS MADE AVAILABLE BY AAR
ONLY FOR USE BY THOSE MEMBERS WHO MAKE AN INDEPENDENT DETERMINATION FOR
THE NEED FOR SUCH A FORM. BY MAKING AVAILABLE THIS DISCLOSURE FORM TO ITS
MEMBERS, AAR DOES NOT RECOMMEND OR ENDORSE ITS USE OR NON-USE.
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ARKANSAS SELLERS PROPERTY DISCLOSURE FORM

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Completed 27 January 2022

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