|Posted:||February 2, 2015 03:02 PM|
|From:||Representative Mauree Gingrich|
|To:||All House members|
|Subject:||Real Estate Disclosure Forms - Storm water facilities|
|In the near future, I plan to reintroduce legislation that would amend Title 68 (Real Property) of the Pennsylvania Consolidated Statutes to require that property disclosure statements, which are required by law as a condition of most residential real property transfers, contain a description of the location and condition of defined “storm water facilities,” as well as a statement disclosing whether the ongoing maintenance of the facilities is the responsibility of the purchaser.
For situations in which a lot contains a storm water facility servicing more than one property, the purchaser of that lot should be aware that specific responsibilities for maintaining and repairing that facility, in the event of failure, may pass to the purchaser with the sale and not be that of the municipality, the developer, or the neighbors, notwithstanding the fact that other properties benefit from the facility.
The legislation would also require the disclosure of any sinkholes on the property, which could develop into a devastating burden on property owners in the future.
This legislation would in no way restrict the conveyance of property, but would instead provide additional valuable information to a potential purchaser of the full scope of the responsibilities of ownership of a particular lot.
I would be pleased to have you join me in cosponsoring this legislation.
Introduced as HB341