The Kansas purchase agreement is performed during the process of buying and selling a home. Most commonly, the prospective buyer will submit an offer to the selling party using this form. The property owner then has the right to accept the bid or counter with an adjusted proposal. Components of the transaction that will need to be settled in order to reach an agreement include the monetary value of the property, final closing date, financing stipulations, and the seller’s/purchaser’s desired contingencies. If both parties can strike a deal on the conditions surrounding the sale, they can then sign the contract in the interest of forming a legal pact between one another.
Convicted Persons Disclosure Statement (§ 58-3078) – Kansas law mandates that this statement be attached to all purchase agreements prior to signing the contract. (Included in the Kansas purchase agreement.)
Lead-Based Paint Disclosure (42 U.S. Code § 4852d) – Any dwelling that was built before 1978 requires the seller to furnish the purchaser with all records pertaining to the presence of lead paint within the residence and an EPA approved guide.
Radon Disclosure Statement (§ 58-3078a) – All sale contracts must include a statement referring to the dangers associated with radon gas. (This statement is already included within the content of the Kansas purchase agreement.)
Seller’s Disclosure and Condition of Property Addendum (§ 58-30.106) – The seller/seller’s agent is compelled, by state law, to disclose the overall condition of the property, all known material defects, and any possible environmental hazards. The KCRAR also offers a secondary form for Additional Disclosures Including Those Mandated by State or Federal Law. (The 2 forms linked above cover all the necessary disclosures needed to achieve a legitimate sale.)
Special Assessment or Fee (§ 12-6a20) – If a special assessment or fee is applicable to the property being sold, the current owner/seller is liable to deliver a written disclosure stating the essential information regarding this fact.
Kansas City Regional Association of Realtors – Adobe PDF