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Your Guide to the June 2017 Forms Release

June 26, 2017

 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.......

 

 

 

                                                                                                                             

 

 

 

                   

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Copyright 2016

Jef Wassom  BRE# 01247605

Jef@MoreServices.net

(619) 607-2832

More Services

10601 Tierrasanta Blvd #G-3900 

San Diego California 92124

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