Transfer Disclosure Statement

For most residential transactions in California, the seller is required to complete and provide the buyer with a Transfer Disclosure Statement (TDS).

When is the TDS required?

The TDS law applies to transfers (including options and lease options) of real property (or a residential stock cooperative) improved with four or fewer dwelling units. It also applies to resale of personal property manufactured homes and mobile homes intended to be used as a residence. The TDS law does not apply to residential properties of 5 or more units, commercial, industrial, vacant land or agricultural property.