TABLE OF CONTENTS
FLOOR PLAN
HOME UPGRADES
COMPARABLE PROPERTIES
EXPLORE FRANKLIN | LOCAL FAVORITES
SCHOOLS
UTILITY & SERVICE PROVIDERS
First Impressions
Seller Favorite Things
RENOVATED PRIMARY BATH SUITE
NO HOA RESTRICTIONS
ENDLESS ENTERTAINING SPACES
WALKABLE NEIGHBORHOOD
HOME MOVIE THEATER
COTTAGE ALLOWS FOR SEPARATE INLAW SUITE OR RENTAL OPTIONS
FARM LIFE IN THE CITY
Porch Views
Home Upgrades
First Floor
BEDROOMS BATHROOMS SQUARE FEET
5 3.5
4,790
e c o n d F l o o r
h i r d F l o o r
Personal Movie Theater
r e a t E n t e r t a i n m e n t L a y o u t
Unique Features
Cottage has unlimited potential
Walkable Neighborhood
Franklin Favorites
Dining Nearby Entertainment
Culaccino Italian Restaurant
Perry's Steakhouse
Soulshine Pizza
North Italia
Blue Sushi
Jenni's Ice Cream
Red Bicycle Coffee
The Factory at Franklin
Downtown Franklin
Arrington Vineyards
Leiper's Fork Distillery
Natchez Trace Parkway Bridge
Franklin Farmers Market
SCHOOLS
K-4 grade th
Freedom Middle School
7th and 8 Grade th
5 and 6 Grade th th
Centennial High School
9th - 12 Grade th
TENNESSEERESIDENTIALPROPERTYCONDITION DISCLOSURE
DOYOUOCCUPYTHEPROPERTY? Y E S IFNOTOWNER-OCCUPIED,HOWLONGHASITBEENSINCETHESELLEROCCUPIEDTHEPROPERTY?
(Checktheonethatapplies) Thepropertyisa □ site-builthome □ non-site-builthome
TheTennesseeResidentialPropertyDisclosureActrequiressellersofresidentialrealpropertywithonetofourdwellingunitsto furnish to a buyer one of the following: (1) a residential property disclosure statement (the “Disclosure”), or (2) a residential property disclaimer statement (permitted only where the buyer waives the required Disclosure). Some property transfers may be exempt from this requirement (See Tenn. Code Ann. § 66-5-209). The following is a summary of the buyers’ and sellers’ rights andobligationsundertheAct AcompletecopyoftheActmaybefoundatTenn CodeAnn §66-5-201,etseq
1 Sellers must disclose all known material defects and must answer the questions on the Disclosure form in good faith to the bestoftheseller’sknowledgeasoftheDisclosuredate.
SellersmustgivethebuyerstheDisclosureformbeforetheacceptanceofapurchasecontract.
Sellers must inform the buyers, at or before closing, of any inaccuracies or material changes in the condition that have occurredsincethetimeoftheinitialDisclosure,orcertifythattherearenochanges
Sellers may give the buyers a report or opinion prepared by a professional inspector or other expert(s) or certain information providedbyapublicagency,inlieuofrespondingtosomeorallofthequestionsontheform(SeeTenn CodeAnn §665-204)
SellersarenotrequiredtohaveahomeinspectionorotherinvestigationinordertocompletetheDisclosureform
SellersarenotrequiredtorepairanyitemslistedontheDisclosureformoronanypastorfutureinspectionreportunless agreedtointhepurchasecontract
Sellersinvolvedinthefirstsaleofadwellingmustdisclosetheamountofanyimpactfeesoradequatefacilitytaxespaid
SellersarenotrequiredtodiscloseifanyoccupantwasHIV–positive,orhadanyotherdiseasenotlikelytobetransmitted byoccupyingahome,orwhetherthehomehadbeenthesiteofahomicide,suicideorfelony,oractoroccurrencewhich hadnoeffectonthephysicalstructureoftheproperty.
Sellersmayprovidean“asis”,“norepresentationsorwarranties”disclaimerstatementinlieuoftheDisclosureformonly ifthebuyerwaivestherighttotherequireddisclosure,otherwisethesellersmustprovidethecompletedDisclosureform (SeeTenn CodeAnn §66-5-202)
10Sellers may be exempt from having to complete the Disclosure form in certain limited circumstances (eg public auctions, court orders, some foreclosures and bankruptcies, new construction with written warranty or owner has not resided on the propertyatanytimewithintheprior3years).(SeeTenn.CodeAnn.§66-5-209).
11Buyers are advised to include home, wood infestation, well, water sources, septic system, lead-based paint, radon, mold, and otherappropriateinspectioncontingenciesinthecontract,astheDisclosureformisnotawarrantyofanykindbytheseller,and isnotasubstituteforanywarrantiesorinspectionsthebuyermaydesiretopurchase
12AnyrepairofdiscloseddefectsmustbenegotiatedandaddressedinthePurchaseandSaleAgreement;otherwise,selleris notrequiredtorepairanysuchitems.
13Buyersmay,butdonothaveto,waivetheirrighttoreceivetheDisclosureformfromthesellersifthesellersprovidea disclaimerstatementwithnorepresentationsorwarranties(SeeTenn.CodeAnn.§66-5-202).
14RemediesformisrepresentationsornondisclosureinaPropertyConditionDisclosurestatementmaybeavailabletobuyer andaresetoutfullyinTenn CodeAnn §66-5-208 Buyershouldconsultwithanattorneyregardinganysuchmatters
15.RepresentationsintheDisclosureformarethoseofthesellersonly,andnotofanyrealestatelicensee,althoughlicensees arerequiredtodisclosetoallpartiesadversefactsofwhichthelicenseehasactualknowledgeornotice
16Pursuant to Tenn Code Ann § 47-18-104(b), sellers of newly constructed residences on a septic system are prohibited from knowingly advertising or marketing a home as having more bedrooms than are permitted by the subsurface sewage disposal systempermit
17Sellersmustdisclosethepresenceofanyknownexteriorinjectionwell,thepresenceofanyknownsinkhole(s),theresultsof any known percolation test or soil absorption rate performed on the property that is determined or accepted by the Department of Environment and Conservation, and whether the property is located within a Planned Unit Development as defined by Tenn. Code Ann. § 66-5-213 and, if requested, provide buyers with a copy of the development’s restrictive covenants, homeowner bylaws and master deed Sellers must also disclose if they have knowledge that the residence has ever been moved from an existingfoundationtoanotherfoundation
TheBuyersandSellersinvolvedinthecurrentorprospectiverealestatetransactionforthepropertylistedaboveacknowledge thattheywereinformedoftheirrightsandobligationsregardingResidentialPropertyDisclosures,andthatthisinformation wasprovidedbytherealestatelicensee(s)priortothecompletionorreviewingofaTennesseeResidentialPropertyCondition Disclosure,aTennesseeResidentialPropertyConditionDisclaimerStatement,oraTennesseeResidentialPropertyCondition ExemptionNotification BuyersandSellersalsoacknowledgethattheywereadvisedtoseektheadviceofanattorneyonany legalquestionstheymayhaveregardingthisinformationorpriortotakinganylegalactions
TheTennesseeResidentialPropertyDisclosureActstatesthatanyonetransferringtitletoresidentialrealpropertymust provideinformationabouttheconditionoftheproperty ThiscompletedformconstitutesthatdisclosurebytheSeller The informationcontainedinthedisclosureistherepresentationoftheownerandnottherepresentationoftherealestatelicensee orsalesperson,ifany.Thisisnotawarrantyorasubstituteforanyprofessionalinspectionsorwarrantiesthatthepurchasers maywishtoobtain
BuyersandSellersshouldbeawarethatanysalesagreementexecutedbetweenthepartiesshallsupersedethisform astothetermsofsale,propertyincludedinthesaleandanyobligationsonthepartofthesellertorepairitems identifiedbelowand/ortheobligationofthebuyertoacceptsuchitems“asis.”
INSTRUCTIONSTOTHESELLER
Completethisformyourselfandanswereachquestiontothebestofyourknowledge Ifananswerisanestimate,clearly labelitassuch TheSellerherebyauthorizesanyagent(s)representinganypartyinthistransactiontoprovideacopyofthis statementtoanypersonorentityinconnectionwithanyactualoranticipatedsaleofthesubjectproperty.
A.THESUBJECTPROPERTYINCLUDESTHEITEMSCHECKEDBELOW:
□Range
□WindowScreens
□Intercom
□GarbageDisposal
□TrashCompactor
□Spa/WhirlpoolTub
□WaterSoftener
□220VoltWiring
□Sauna
□Dishwasher
□SumpPump
□CentralHeating
□Other
□Wall/WindowAirConditioning
□Oven
□Microwave
□GasFireplaceLogs
□SmokeDetector/FireAlarm
□BurglarAlarm
□Patio/Decking/Gazebo
□InstalledOutdoorCookingGrill
□IrrigationSystem
□Akeytoallexteriordoors
□RainGutters
□CentralAir
WaterHeater:□Electric □Gas
Garage:
□Attached
WaterSupply:□City
GasSupply: □Utility
WasteDisposal:□CitySewer
□NotAttached
□Well
□Bottled
□SepticTank
□Solar
□Carport
□Other
□Other
□GarageDoorOpener(s)(Numberofopeners 3 )
□Fireplace(s)(Number) 2
□GasStarterforFireplace
□TVAntenna/SatelliteDish
□CentralVacuumSystemandattachments
□CurrentTermitecontract
□HotTub
□Washer/DryerHookups
□Pool
□AccesstoPublicStreets
□HeatPump
□Other
□Private□Utility
□Other
Tothebestofyourknowledge,areanyoftheaboveNOTinoperatingcondition? IfYES,thendescribe(attachadditionalsheetsifnecessary):
Ifanyoftheaboveis/aremarkedYES,pleaseexplain:
1 Substances,materialsorproductswhichmaybeenvironmentalhazards suchas,butnotlimitedto:asbestos,radongas,lead-basedpaint,fuel orchemicalstoragetanks,contaminatedsoilor water,onthesubject property?
Featuressharedincommonwithadjoininglandowners,suchaswalls,but notlimitedto,fences,and/ordriveways,withjointrightsandobligations foruseandmaintenance?
Anyauthorizedchangesinroads,drainageorutilitiesaffectingthe property,orcontiguoustotheproperty?
Anychangessincethemostrecentsurveyofthepropertywasdone?
Mostrecentsurveyoftheproperty: (Date)
Anyencroachments,easements,orsimilaritemsthatmayaffectyour ownershipinterestintheproperty?
Roomadditions,structuralmodificationsorotheralterationsor repairsmadewithoutnecessarypermits?
Roomadditions,structuralmodificationsorotheralterationsor repairsnotincompliancewithbuildingcodes?
Landfill(compactedorotherwise)onthepropertyoranyportion thereof?
Anysettlingfromanycause,orslippage,slidingorothersoilproblems?
12.Propertyorstructuraldamagefromfire,earthquake,floods,orlandslides?
Ifyes,pleaseexplain(useseparatesheetifnecessary)
Ifyes,hassaiddamagebeenrepaired?
13Isthepropertyservicedbyafiredepartment?
Ifyes,inwhatfiredepartment’sserviceareaisthepropertylocated?(FireDept Locatorcanbefound: https://tnmap.tn.gov/fdtn/)
C it y o f F r a n k l in Isthepropertyownersubjecttochargesorfeesforfireprotection, suchassubscriptions,associationduesorutilityfees?
14.Anyzoningviolations,nonconformingusesand/orviolationsof
“setback”requirements?
15.Neighborhoodnoiseproblemsorothernuisances?
16.Subdivisionand/ordeedrestrictionsorobligations?
17.ACondominium/HomeownersAssociation(HOA)whichhasanyauthority
overthesubjectproperty?
Special Assessments:
ManagementCo Address:
18Isthelocationofthepropertywithinanimprovementdistrictthatis subjecttospecialassessment: Rateofspecialassessment:
19Any“commonarea”(facilitiessuchas,butnotlimitedto,pools,tennis
courts,walkwaysorotherareasco-ownedinundividedinterestwithothers)?
20Anynoticesofabatementorcitationsagainsttheproperty?
21Anylawsuit(s)orproposedlawsuit(s)byoragainstthesellerwhichaffects
orshallaffecttheproperty?
22.Isanysystem,equipmentorpartofthepropertybeingleased?
Ifyes,pleaseexplain,andincludeawrittenstatementregardingpayment information
23Anyexteriorwallcoveringofthestructure(s)coveredwithexterior insulationandfinishsystems(EIFS),alsoknownas“syntheticstucco”?
Ifyes,hastherebeenarecentinspectiontodeterminewhetherthestructure hasexcessivemoistureaccumulationand/ormoisturerelateddamage?
(TheTennesseeReal EstateCommissionurges any buyeror seller who encounters this product to have a qualified professional inspect the structure in question for the preceding concern and provide a written report of the professional’s finding )
Ifyes,pleaseexplain Ifnecessary,pleaseattachanadditionalsheet
24Isthereanexteriorinjectionwellanywhereontheproperty?
25Issellerawareofanypercolationtestsorsoilabsorptionratesbeing performedonthepropertythataredeterminedoracceptedby theTennesseeDepartmentofEnvironmentandConservation?
Ifyes,resultsoftest(s)and/orrate(s)areattached.
26Hasanyresidenceonthispropertyeverbeenmovedfromitsoriginal
foundationtoanotherfoundation?
27IsthispropertyinaPlannedUnitDevelopment?PlannedUnitDevelopment
isdefinedpursuanttoTenn CodeAnn §66-5-213as"anareaofland,controlledby one(1)ormorelandowners,tobedevelopedunderunifiedcontrolorunifiedplanof development for a number of dwelling units, commercial, educational, recreational or industrial uses, or any combination of the foregoing, the plan for which does not correspondinlotsize,bulkortypeofuse,density,lotcoverage,openspace,orother restrictions to the existing land use regulations" Unknown is not a permissible answerunderthestatute
28.Is a sinkhole present on the property? A sinkhole is defined pursuant to Tenn. CodeAnn.§66-5-212(c)as"asubterraneanvoidcreatedbythedissolutionof limestone or dolostone strata resulting from groundwater erosion, causing a surfacesubsidenceofsoil,sediment,orrockandisindicatedthroughthe contourlinesontheproperty'srecordedplatmap”Thisdisclosureisrequired regardlessofwhetherthesinkholeisindicatedthroughthecontourlinesonthe property’srecordedplatmap.
29Was a permit for a subsurface sewage disposal system for the Property issued duringasewermoratoriumpursuanttoTenn.CodeAnn.§68-221-409?If yes,Buyermayhaveafutureobligationtoconnecttothepublicsewersystem
D.CERTIFICATION.I/Wecertifythattheinformationherein,concerningthe
realpropertylocatedat
5 5 2
istrueandcorrecttothebestofmy/ourknowledgeasofthedatesigned.Shouldanyoftheseconditionschangepriorto conveyanceoftitletothisproperty,thesechangesshallbedisclosedinanaddendumtothisdocument.
Transferor(Seller) El iz ab et h Pa n do lfi no
Partiesmaywishtoobtainprofessionaladviceand/orinspectionsofthepropertyandtonegotiate appropriateprovisionsinthepurchaseagreementregardingadvice,inspectionsordefects
Transferee/Buyer’sAcknowledgment:I/Weunderstandthatthisdisclosurestatementisnotintendedasasubstituteforany inspection,andthatI/wehavearesponsibilitytopaydiligentattentiontoandinquireaboutthosematerialdefectswhichare evidentbycarefulobservation I/Weacknowledgereceiptofacopyofthisdisclosure.
Transferee(Buyer) Date Time
Transferee(Buyer) Date Time
If the property being purchased is a condominium, the transferee/buyer is hereby given notice that the transferee/buyer is entitled, upon request, to receive certain information regarding the administration of the condominium from the developer or the condominiumassociationasapplicable,pursuanttoTennesseeCodeAnnotated§66-27-502.
NOTE: This form is provided by Tennessee REALTORS® to its members for their use in real estate transactions and is to be used as is This form contains language that is in addition to the language mandated by the state of Tennessee pursuant to the disclosure requirements of the “Tennessee Residential Property Disclosure Act”. Tennessee Code Annotated § 66-5-201, et seq. By downloading and/or using this form, you agree and covenant not to alter, amend, or edit said form or its contents except as where provided in the blank fields, and agree and acknowledge that any such alteration, amendment or edit of said form is done at your own risk Use of the Tennessee REALTORS® logo in conjunction with any form other than standardized forms created by Tennessee REALTORS® is strictly prohibited This form is subject to periodic revision and it is the responsibility of the member to use the most recent available form
