709.03 Report form.
709.03
709.03 Report form. The report required under s. 709.02 shall be in substantially the following form and shall include at least all of the following information: REAL ESTATE CONDITION REPORTDISCLAIMER
A. THIS CONDITION REPORT CONCERNS THE REAL PROPERTY LOCATED AT .... IN THE .... (CITY) (VILLAGE) (TOWN) OF ...., COUNTY OF ...., STATE OF WISCONSIN. THIS REPORT IS A DISCLOSURE OF THE CONDITION OF THAT PROPERTY IN COMPLIANCE WITH SECTION 709.02 OF THE WISCONSIN STATUTES AS OF .... (MONTH), .... (DAY), .... (YEAR). IT IS NOT A WARRANTY OF ANY KIND BY THE OWNER OR ANY AGENTS REPRESENTING ANY PRINCIPAL IN THIS TRANSACTION AND IS NOT A SUBSTITUTE FOR ANY INSPECTIONS OR WARRANTIES THAT THE PRINCIPALS MAY WISH TO OBTAIN. OWNER'S INFORMATION
B. 1. In this form, "am aware" means have notice or knowledge. In this form, "defect" means a condition that would have a significant adverse effect on the value of the property; that would significantly impair the health or safety of future occupants of the property; or that if not repaired, removed or replaced would significantly shorten or adversely affect the expected normal life of the premises.
B. 2. The owner discloses the following information with the knowledge that, even though this is not a warranty, prospective buyers may rely on this information in deciding whether and on what terms to purchase the property. The owner hereby authorizes any agent representing any principal in this transaction to provide a copy of this statement, and to disclose any information in the statement, to any person in connection with any actual or anticipated sale of the property.
B. 3. The owner represents that to the best of his or her knowledge the responses to the following statements have been accurately noted as "yes", "no" or "not applicable" to the property being sold. If the owner responds to any statement with "yes", the owner shall provide, in the additional information area of this form, an explanation of the reason why the response to the statement is "yes".
B. 4. If the transfer is of a condominium unit, the property to which this form applies is the condominium unit, the common elements of the condominium and any limited common elements that may be used only by the owner of the condominium unit being transferred.
YES
NO
N/A
C. 1.
I am aware of defects in the roof.
....
....
....
C. 2.
I am aware of defects in the electrical system.
....
....
....
C. 3.
I am aware of defects in part of the plumbing system (including the water heater, water softener and swimming pool) that is included in the sale.
....
....
....
C. 4.
I am aware of defects in the heating and air conditioning system (including the air filters and humidifiers).
....
....
....
C. 5.
I am aware of defects in the well, including unsafe well water.
....
....
....
C. 6.
I am aware that this property is served by a joint well.
....
....
....
C. 7.
I am aware of defects in the septic system or other sanitary disposal system.
....
....
....
C. 8.
I am aware of underground or aboveground fuel storage tanks on the property. (If "yes", the owner, by law, may have to register the tanks with the department of commerce at P.O. Box 7970, Madison, Wisconsin, 53707, whether the tanks are in use or not. Regulations of the department of commerce may require the closure or removal of unused tanks.
....
....
....
C. 9.
I am aware of an "LP" tank on the property. (If "yes", specify in the additional information space whether the owner of the property either owns or leases the tank.
....
....
....
C. 10.
I am aware of defects in the basement or foundation (including cracks, seepage and bulges).
....
....
....
C. 11.
I am aware that the property is located in a floodplain, wetland or shoreland zoning area.
....
....
....
C. 12.
I am aware of defects in the structure of the property.
....
....
....
YES
NO
N/A
C. 13.
I am aware of defects in mechanical equipment included in the sale either as fixtures or personal property.
....
....
....
C. 14.
I am aware of boundary or lot line disputes, encroachments or encumbrances (including a joint driveway).
....
....
....
C. 15.
I am aware of a defect caused by unsafe concentrations of, or unsafe conditions relating to, radon, radium in water supplies, lead in paint, lead in soil, lead in water supplies or plumbing system or other potentially hazardous or toxic substances on the premises.
....
....
....
C. 16.
I am aware of the presence of asbestos or asbestos-containing materials on the premises.
....
....
....
C. 17.
I am aware of a defect caused by unsafe concentrations of, unsafe conditions relating to, or the storage of, hazardous or toxic substances on neighboring properties.
....
....
....
C. 18.
I am aware of current or previous termite, powder-post beetle or carpenter ant infestations.
....
....
....
C. 19.
I am aware of defects in a woodburning stove or fireplace or of defects caused by a fire in a stove or fireplace or elsewhere on the property.
....
....
....
C. 20.
I am aware either that remodeling affecting the property's structure or mechanical systems was done or that additions to this property were made during my period of ownership without the required permits.
....
....
....
C. 21.
I am aware of federal, state or local regulations requiring repairs, alterations or corrections of an existing condition.
....
....
....
C. 22.
I have received notice of property tax increases, other than normal annual increases, or am aware of a pending property reassessment.
....
....
....
C. 23.
I am aware that remodeling that may increase the property's assessed value was done.
....
....
....
C. 24.
I am aware of proposed or pending special assessments.
....
....
....
YES
NO
N/A
C. 24m.
I am aware that the property is located within a special purpose district, such as a drainage district, that has the authority to impose assessments against the real property located within the district.
....
....
....
C. 25.
I am aware of the proposed construction of a public project that may affect the use of the property.
....
....
....
C. 26.
I am aware of subdivision homeowners' associations, common areas co-owned with others, zoning violations or nonconforming uses, rights-of-way, easements or another use of a part of the property by nonowners, other than recorded utility easements.
....
....
....
C. 26m.
I am aware that the property is subject to a mitigation plan required under administrative rules of the department of natural resources related to county shoreland zoning ordinances, which obligates the owner of the property to establish or maintain certain measures related to shoreland conditions and which is enforceable by the county.
C. 27.
I am aware of other defects affecting the property.
....
....
....
ADDITIONAL INFORMATION
YES
NO
N/A
D. 1.
I am aware that a structure on the property is designated as a historic building or that part of the property is in a historic district.
....
....
....
D. 2.
The owner has lived on the property for ....years.
D. 3.
Explanation of "yes" responses. (See B. 3.) ............. ............................................................................................................................................................................................................................................................
709.03 - ANNOT.
Note: Line 26m. is created eff. 1-1-11 by 2009 Wis. Act 211. OWNER'S CERTIFICATIONE. The owner certifies that the information in this report is true and correct to the best of the owner's knowledge as of the date on which the owner signs this report.
Owner .... Date ....
Owner .... Date .... CERTIFICATION BY PERSON SUPPLYING
INFORMATION
F. A person other than the owner certifies that he or she has supplied information on which the owner relied for this report and that that information is true and correct to the best of that person's knowledge as of the date on which the person signs this report.
Person ....Items ....Date ....
Person ....Items ....Date ....
Person ....Items ....Date .... NOTICE REGARDING ADVICE OR INSPECTIONS
G. THE PROSPECTIVE BUYER AND THE OWNER MAY WISH TO OBTAIN PROFESSIONAL ADVICE OR INSPECTIONS OF THE PROPERTY AND TO PROVIDE FOR APPROPRIATE PROVISIONS IN A CONTRACT BETWEEN THEM WITH RESPECT TO ANY ADVICE, INSPECTIONS, DEFECTS OR WARRANTIES. BUYER'S ACKNOWLEDGEMENT
H. 1. The prospective buyer acknowledges that technical knowledge such as that acquired by professional inspectors may be required to detect certain defects such as the presence of asbestos, building code violations and floodplain status.
H. 2. I acknowledge receipt of a copy of this statement.
Prospective buyer ....Date ....
Prospective buyer ....Date ....
Prospective buyer ....Date ....
709.03 - ANNOT.
History: 1991 a. 162; 1995 a. 27 ss. 7067, 9116 (5), 9130 (4); 1995 a. 180; 2007 a. 121; 2009 a. 211.709.03 - ANNOT.
There is nothing in s. 709.02 or 709.03 that requires a seller to provide details of specific safety and health hazards associated with any property defect. Sellers of real estate are required to disclose general descriptions of potential defects in the property. In the case of a natural gas pipeline, ch. 709 does not require a seller to disclose all potential problems that could foreseeably arise as a result of the pipeline's presence. Hoekstra v. Guardian Pipeline, LLC, 2006 WI App 245, 298 Wis. 2d 165, 295 Wis. 2d 298, 03-2809.