Nev. Admin. Code § 113.150 - Contents and format of form for disclosing condition of residential property offered for sale

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.

Notes

Nev. Admin. Code § 113.150
Added to NAC by Real Estate Div., eff. 5-14-96; A by R132-96, 8-18-98

NRS 113.120

State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.


No prior version found.