Contents |
LREC Version
Louisiana Residential Agreement to Buy or Sell – A template provided by the Louisiana REC for making offers on residential property.
Download: PDF
Required Disclosures (5) |
1) Cavity Within Salt Stock/Solution Mining Injection Well Disclosure Statement
If the property is located above a cavity within a salt stock that was created by dissolution and contains water, or if the property is located within two-thousand six-hundred and forty feet (2640 ft.) of a solution mining injection well, the seller must disclose either piece of information to the buyer in the property disclosure statement.
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2) Homeowner Association Disclosure
When delivering a property disclosure statement to an interested buyer, the seller must provide a statement disclosing whether the buyer is obligated to become a member of the homeowner’s association of the community in which they are purchasing property.
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3) Lead-Based Paint
Home sellers in the US cannot sell their property without presenting prospective purchasers with this disclosure document and government-approved pamphlet containing information on identifying and controlling hazardous lead-based paint within a home.
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4) Methamphetamine Disclosure Statement
If a dwelling has been used as an illegal methamphetamine laboratory, the seller must include a statement disclosing this information with the property disclosure documents.
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5) Property Disclosure Statement
A seller of real estate must furnish a copy of this property disclosure statement to potential buyers to disclose the condition of the home, including any and all damages and defects. |