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You must give the completed Disclosure Statement to the buyer no later than the time the buyer makes an offer to purchase your property. If you do not, the buyer can, under certain conditions cancel any resulting contract (See "Note to Buyers" below). You should give the buyer a copy of the Disclosure Statement containing your signature and keep a copy signed by the buyer for your records
*If you answered "Yes" to question 33 above, you must complete the remainder of this Disclosure Statement. If you answered
"No" or "No Representation" to question 33 above, you do not need to answer the remaining questions on this Disclosure Statement. Skip to the bottom of the last page and initial and date the page.
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34. Are any fees charged by the association or by the association's management company in connection with the conveyance or transfer of the lot or property to a new owner? If your answer is ''yes," please state the amount of the fees: ----------------------------------
As of the date this Disclosure Statement is signed, are there any dues, fees, or special assessments which have been duly approved as required by the applicable declaration or bylaws, and that are payable to an association to which the lot is subject? If your answer is ''yes," please state the nature and amount of the dues, fees, or special assessments to which the property is subject: ___________________ _
As of the date this Disclosure Statement is signed, are there any unsatisfied judgments against, or pending lawsuits involving the property or lot to be conveyecf! If your answer is ''yes," please state the nature of each pending lawsuit, and the amount of each unsatisfied judgment: _______________ _
As of the date this Disclosure Statement is signed, are there any unsatisfied judgments against, or pending lawsuits involving the planned community or the association to which the property and lot are subject, with the exception of any action filed by the association for the collection of delinquent assessments on lots other than the property and lot to be conveyed? If your answer is ''yes," please state the nature of each pending lawsuit, and the amount of each unsatisfied judgment: _____________________ _
Which of the following services and amenities are paid for by the owners' association(s) identified above out of the association's regular assessments ("dues")? (Check all that apply). rill
Management Fees .................................................................................................................................................. . Exterior Building Maintenance of Property to be Conveyed ................................................................................ . Master Insurance .................................................................................................................................................. . Exterior Yard/Landscaping Maintenance of Lot to be Conveyed ......................................................................... . Common Areas Maintenance ................................................................................................................................ . Trash Removal ...................................................................................................................................................... .
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Recreational Amenity Maintenance (specify amenities covered) _______________ _
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Pest Treatment/Extermination ............................................................................................................................... . Street Lights .......................................................................................................................................................... . Water .................................................................................................................................................................... . Sewer .................................................................................................................................................................... . Storm water Management/Drainage/Ponds .......................................................................................................... . Internet Service .................................................................................................................................................... . Cable .................................................................................................................................................................... . Private Road Maintenance ............................................................................................................... ••··•··•····•·········•···•·· Parking Area Maintenance .................................................................................................................................. .. Gate and/or Security ............................................................................................................................................. . Other: (specify) ___________________________________ _
Buyer Initials and Date _____________ _
Buyer Initials and Date _____________ _ Owner Initials and Date _>_6i--'--&,__,___8----'-/ 7._C---+/_U)_Z-_0::;__ __ _
REC4.22 Rev 2/20
Page 4 of 4
Instructions to Property Owners
The Residential Property Disclosure Act (G.S. 47E) ("Disclosure Act") requires owners of certain residential real estate such as singlefamily homes, individual condominiums, townhouses, and the like, and buildings with up to four dwelling units, to furnish purchasers a Mineral and Oil and Gas Rights Disclosure Statement ("Disclosure Statement"). This form is the only one approved for this purpose. A disclosure statement is not required for some transactions. For a complete list of exemptions, see G.S. 47E-2(a). A DISCLOSURE STATEMENT IS REQUIRED FOR THE TRANSFERS IDENTIFIED IN G,S. 47E-2lb}. including transfers involving the first sale of a dwelling never inhabited, lease with option to purchase contracts where the lessee occupies or intends to occupy the dwelling, and transfers between parties when both parties agree not to provide the Residential Property and Owner's Association Disclosure Statement. You must respond to each of the following by placing a in the appropriate box.
MINERAL AND OIL AND GAS RIGHTS DISCLOSURE Mineral rights and/or oil and gas rights can be severed from the title to real property by conveyance (deed) of the mineral rights
and/or oil and gas rights from the owner or by reservation of the mineral rights and/or oil and gas rights by the owner. If mineral
rights and/or oil and gas rights are or will be severed from the property, the owner of those rights may have the perpetual right to drill, mine, explore, and remove any of the subsurface mineral and/or oil or gas resources on or from the property either directly from the surface of the property or from a nearby location. With regard to the severance of mineral rights and/or oil and gas rights, Seller makes the following disclosures:
Buyer Initials 1. Mineral rights were severed from the property by a previous owner. Yes No No Repr~tion
Buyer Initials 2. Seller has severed the mineral rights from the property.
Buyer Initials 3. Seller intends to sever the mineral rights from the property prior to transfer of title to the Buyer.
Buyer Initials
Buyer Initials 4. Oil and gas rights were severed from the property by a previous owner.
5. Seller has severed the oil and gas rights from the property.
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Buyer Initials 6. Seller intends to sever the oil and gas rights from the property prior to transfer of title to Buyer.
Note to Purchasers
If the owner does not give you a Mineral and Oil and Gas Rights Disclosure Statement by the time you make your offer to purchase the property, or exercise an option to purchase the property pursuant to a lease with an option to purchase, you may under certain conditions cancel any resulting contract without penalty to you as the purchaser. To cancel the contract, you must personally deliver or mail written notice of your decision to cancel to the owner or the owner's agent within three calendar days following your receipt of this Disclosure Statement, or three calendar days following the date of the contract, whichever occurs first. However, in no event does the Disclosure Act permit you to cancel a contract after settlement of the transaction or (in the case of a sale or exchange) after you have occupied the property, whichever occurs first.
Property Address: 550 Melbourne Ct, Charlotte, NC
28209-1827
Owner's Name(s): Stacy G Grant, Sean F Grant Owner(s) acknowledge having examined this Disclosure Statement before signing and that all information is true and correct as of the date signed. Owner Signature: Stacy G · Grant J7 C') --1,.e~'4 Date---'--------- ~12--~f-zv1.,o Owner Signature: Sean F Grant ~,?f Date <? J-:;_,5 J ;;i_<=>:l..e Purchaser(s) acknowledge receipt of a copy of this Disclosure Statement; that they have examined it before signing; that they understand that this is not a warranty by owner or owner's agent; and that the representations are made by the owner and not the owner's agent(s) or subagent(s).
REC4.25 1/1/15 550 Melbourne Ct
