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HB 2485: real property disclosure; solar; disposal

PRIME SPONSOR: Representative Griffin, LD 14

BILL STATUS: Transmitted to Governor

 

 

Overview

Requires property disclosure affidavits to include information relating to solar energy devices on the property.

History

A seller of land in an unincorporated area of a county is required to provide a buyer with an affidavit of disclosure at least seven days before the transfer of the property, and a buyer may rescind the sale for up to five days after the affidavit is provided.

Current statute outlines requirements for property affidavit disclosure forms to include, such as information relating to the property's accessibility, water service and if the property is in proximity of various military related facilities or activities (A.R.S. § 33-422).

Provisions

1.       Requires property affidavit disclosure forms to include whether or not the property has any solar energy devices. (Sec. 1)

2.       Specifies that it is the responsibility of the buyer to verify proper replacement or disposal methods for solar energy devices. (Sec. 1)

3.       Requires the seller or property owner to disclose the name and contact information of the leasing company if the solar energy devices are leased. (Sec. 1)

4.       Makes technical and conforming changes. (Sec. 1)

 

 

☐ Prop 105 (45 votes)	     ☐ Prop 108 (40 votes)      ☐ Emergency (40 votes)	☐ Fiscal Note

 

 

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Fifty-fourth Legislature                               HB 2485

First Regular Session                    Version 4: Transmitted

 

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