Disclosure and the New Water Notice | Interactive 4

Legal Update I (26-27) Chapter 3 – Water Rights Disclosure and the New Water Notice | Interactive 4

The purpose of the new water notice form is for sellers to disclose their knowledge of groundwater and surface water rights on their property, including whether the property is in a groundwater district, if it has water wells, and information related to surface water and water courses.

Why is it important for buyers to receive accurate
water rights disclosures before closing a transaction?

 

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