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TAR Forms Update

 A follow up to last week's TAR DIGEST. Susan Barnette, Forms Committee Member and Core Course TREEF Instructor, chats with Buzz Steele concerning the latest changes to TAR's form"F9-Purchase and Sale Agreement" and some other notable changes to forms.

J. Bucy, TAR's Governmental Affairs Director joins Buzz Steele in today's podcast which deals with the recent Legislative changes in Tennessee that affect septic disclosures.

Today's podcast deals with the NEWLY revised forms due to Legislation which is effective July 1, 2007.
The following forms have been revised:

• F5 - Repair Counter Proposal
• F9 - Purchase and Sale Agreement
• F10 - Lot / Land Purchase and Sale Agreement
• F15 - Lead Based Paint Disclosure
• F57 - Purchase and Sale Agreement for Lease Purchase
• F60 - New Construction Purchase and Sale Agreement
• F85 - Exterior Injection Well, Percolation Test and Absorption Rate Disclosure (NEW)
• F86 - Lead Based Paint Disclosure for Rental Property (NEW)

Today's podcast deals with the following questions:

1. Does a Property Condition Disclosure have to be available when it is listed?
2. Can a Seller just provide a Disclaimer Statement vs. a Disclosure if the
   property is to be sold "As Is"?
3. How important is having a good legal description in your contract?