Real Estate Condition Report – Fill Out and Use This PDF

This condition report concerns the real property located at (street address): enter it, the city, village or town of, the county of, and the Wisconsin Statutes as of: month, day and year.

The report 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.

Wisconsin Statute §709.035 requires owners who, prior to acceptance, obtain information which would change a response on this report, to submit a new report or an amended report to the prospective buyer.

A person other than the owner certifies that the person has supplied information on which the owner relied for the report and that the information is true and correct to the best of that person's knowledge as of the date on which the person signs the report.

The prospective buyer signs under "I acknowledge receipt of a copy of this statement."

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.

D.2: Enter the number of years the owner has lived on the property.

D.3: Explanation of "yes" responses (see B.3).

Mark each statement "yes", "no" or "not applicable" to the property being sold, to the best of the owner's knowledge.

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".

Each property condition statement is marked Yes, No or N/A, or See Expert's Report.

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.

In this form, "am aware" means to 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.

The owner discloses the 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 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.

C.8: If "yes" to underground or aboveground fuel storage tanks on or previously located on the property, the owner, by law, may have to register the tanks with the department of safety and professional services, whether the tanks are in use or not.

C.9: If "yes" to an "LP" tank on the property, specify in the additional information space whether or not the owner of the property either owns or leases the tank.

C.15: Specific federal lead paint disclosure requirements must be complied with in the sale of most residential properties built before 1978.

C.19: State law requires operating smoke detectors on all levels of all residential properties, and operating carbon monoxide detectors on all levels of most residential properties.

C.20: Mark "yes" if you are aware either that remodeling affecting the property's structure or mechanical systems was done or that additions to this property were made during your period of ownership without the required permits.

C.22: Mark "yes" if you have received notice of property tax increases, other than normal annual increases, or are aware of a pending property reassessment.

D.1.e: The early termination of a farmland preservation agreement or removal of land from such an agreement can trigger payment of a conversion fee equal to 3 times the class 1 "use value" of the land.