The New Hampshire purchase agreement helps coordinate the official transfer of ownership from one party to another in regard to residential housing. The desired terms & conditions are written or typed within the form and followed by signatures to ensure the contract’s legality. Elements of the sale that users of the document are going to want to customize include the final asking/selling price, amount of capital the buyer is willing to offer upfront (earnest money deposit), date in which the parties would like to close, and any provisions the buyer or seller would like to add.
Asbestos Disposal Site (§ 141-E:23) – A rarely required disclosure, this is only necessary if the property being transferred was used as a site to dispose of the hazardous material asbestos. If applicable, the seller will have to disclose various details regarding the contamination to the buyer and also submit a notice (linked in the heading) to the commissioner’s office of the NHDES (notice must be sent within ten (10) days after the transfer of the property’s title).
Condominium, Co-Op, PUD, or Other Homeowner Organization (§ 477:4-f) – Individuals selling a unit that is categorized as any of the aforementioned types of property are liable to provide a notice conveying that the dwelling falls under the regulations of homeowners’ association. This must be submitted along with the association’s governing documents that establish any rules, fees, special assessments, etc.
Lead-Based Paint Disclosure (42 U.S. Code § 4852d) – In addition to the notification required within § 477:4-a, property sellers are also accountable to submit documents to the buyer that have relation to any findings of lead paint/lead paint hazards within the home’s structure.
Public Utility Tariff (§ 477:4-h) – If the home seller has knowledge that the property is subject to a public utility tariff for the financing or amortization of energy efficiency or renewable energy improvements, they are liable to provide the buyer with details concerning this situation and any charges that may occur as a result.
Radon, Arsenic, Lead (§ 477:4-a) – The statements linked within the heading of this disclosure must be presented to the purchaser before accomplishing a contract for sale. The purchaser must then acknowledge that they have received this information by signing the document. (These notifications are included within New Hampshire purchase agreement displayed above.)
Seller Property Disclosure Form (§ 477:4-d) – Residents of New Hampshire looking to sell their home must first fulfill the requirement of completing a disclosure statement that informs prospective buyers of the necessary details regarding the property’s sewage disposal system, water supply system, and insulation contained within the structure. The form linked above covers all these bases as well as the additional state-regulated disclosure for:
- Methamphetamine Production (§ 477:4-g) – Must indicate to the purchaser whether or not the property ever facilitated the production of methamphetamine, and if so, did it receive the proper remediation procedures.
Waterfront Property (§ 485-A:39) – Only for waterfront properties using a septic disposal system, this law mandates that the seller of the home must carry out a site assessment study to ensure that the property fits the requirements established by the state of New Hampshire.
New Hampshire Association of Realtors – Adobe PDF