Understanding Disclosure Laws in Real Estate
A thorough disclosure statement that covers everything from known flaws in the property to any potential dangers in the neighborhood must be given by sellers to prospective purchasers. In the majority of California real estate transactions, the Transfer Disclosure Statement (TDS) and the Natural Hazard Disclosure (NHD) are required paperwork.
Zoning and Land Use Regulations
Zoning refers to the regulations on how the land is used within a municipality level, and it entails controlling the ways in which the land is developed and purposed. In California, zoning is classified into industrial, mixed-use, commercial and residential zones. Zoning and land regulations shape the landscape of the real estate by determining how properties are constructed and remodeled. Sellers and buyers in real estate need to understand these regulations because they can affect the current and future value of their properties.