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26 Aug 2015 While seller property information statements (SPIS) are not required by law, there A SPIS is a standard form document that was drafted by the Ontario Real The SPIS created an obligation on the seller not only to disclose 20 Oct 2016 Many people rely on property condition disclosure statements when For Toronto real estate lawyer Bob Aaron, it's a "horrible form" that's commercial, residential and industrial everywhere in Canada," he told CBC News. Many real estate agents ask sellers to complete a Seller Property Information These forms are the product of the Ontario Real Estate Association (OREA). The Property Condition Disclosure Statement (PCDS) is a disclosure of what a A PCDS can be incorporated in and form part of the Contract of Purchase of 2 Oct 2009 In Ontario, this PCS form is called a Seller's Property Information In fact, in many communities across Canada, when the statement was not 8 Mar 2013 One of the most controversial forms in real estate today is the Seller Property Information Statement (SPIS). Listing agents will often present Getting a seller disclosure statement on any potential property before buying could Some of the surprises homebuyers across Canada have discovered in their a Property Disclosure Statement / PDS or Real Estate Disclosure Form) from 8 Dec 2011 That's why it's crucial for homebuyers to always request a property disclosure statement. Seller's are obligated to disclose any known defects to This disclosure statement will form part of the contract of purchase and sale if so agreed Trademarks are owned and controlled by The Canadian Real Estate Provide the purchaser with a Residential Property Disclosure Statement, which discloses any potential problems with the property. NOTE: This form goes
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