Arizona’s HB 2779
Arizona’s House Bill 2779 provides for hazard disclosure
in real property transactions. The new law took effect on September 21,
2006. Reports will become obtainable based on officially adopted and
electronically posted or otherwise readily available governmental maps
or information that discloses whether the real property is subject to
any of the following:
1. FLOOD HAZARDS
2. MILITARY AIRPORTS AND ANCILLARY MILITARY FACILITIES
3. MILITARY TRAINING ROUTES AND MILITARY RESTRICTED AIRSPACE
4. PUBLIC OR PRIVATE AIRPORTS
5. EXPANSIVE SOILS
6. SOILS SUBJECT TO FISSURES
7. SPECIAL TAX ASSESSMENT AREAS
8. RADON GAS POTENTIAL ZONES
9. ENVIRONMENTAL HAZARD SUPERFUND SITES
Protect Yourself
While hazard disclosure reports are not mandated by the new law, it protects
the buyer and seller as well as the real estate agent from potential
liability. Over 90% of environmental investigations on residential
property show no risks to kill a real estate deal . . . so in most
cases, environmental disclosure won’t hurt you, but not disclosing
environmental information certainly can.
Get It All in 1 Report
The good news is that many Arizona home inspectors will be selected for
training by Environmental Data Resources, Inc. to provide an Environmental
Disclosure Report. Home inspectors will become the trusted provider
of environmental risk information accessing the largest collection
of local, state, and federal information in the country. Trained local
home inspectors are able to answer questions and deliver environmental
disclosure information in a way that does not raise unnecessary concern.
Get peace of mind with information outlined in Arizona’s HB 2779,
simply request an Environmental Disclosure Report with your home inspection.
We have been providing residential & commercial
inspections
in
the Valley since 1988.
Give us a call at (602) 864-8331
to order an inspection or get FREE
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