Release Date: June 26th
16 FORMS HAVE BEEN UPDATED
FOR 6 OF THESE THE PRIOR VERSION CANNOT BE USED
INCLUDING: LEASE & LISTING AGREEMENT, TRUST & REO ADVISORY
FIRPTA & QS FORM NO MORE ARBITRATION LEASE AGREEMENT
Default is that escrow has ..On Listing Agreements. Added references to bed bugs
Seller's SSN on file & Escrow If Broker or Seller want to and water submeters.
will provide a Qualified Substitute incorporate binding arbitration Overhaul to cancellation process
OR Seller fills out SSN, gives to into the listing agreement, Updated language re:photos,
buyer, Buyer gives to escrow they must sign a separate ARB smoking & short term rentals.
who signs QS confirming receipt. (Arbitration Agreement Form). All 4 new forms incorporated here.
PROPERTY MGMNT AGREEMENT TRUST & REO ADVISORY STATEWIDE B/S ADVISORY
Optional arbitration removed. Reorganized so requirements Added paragraph summary, info
Landlord "disclosures" in on place. come first & exemptions last. on title reporting on shell co's. new
Owner to confirm that all required Includes language on Water language on drones, short term
permits and approvals are in order Conserving Plumbing Fixtures rentals and accurate sale pricing.
4 NEW FORMS (all included in lease agreement)
BBD Bed Bug Disclosure
CLR Cancellation of Lease or Rent
PPN Pre-Possession Notice to Tenant to Pay
WSM Water Submeter Addendum
For a complete list and examples of revised forms you can find them here.......