The Seller Property Disclosure Statement (referred to as a SPDS by many in the industry).
This document is to be completed by the seller and should be delivered to the buyer within 5 days of Purchase Contract acceptance. It is the sellers duty to disclose information, regardless of whether or not you consider the information material. The buyer has 5 days from receipt of the Seller Property Disclosure to review. Items disapproved by the 5th day or prior to the expiration of the Inspection Period.
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