What is Disclosures / Transfer Disclosure Statement (TDS)?
Disclosures are documents in which the seller tells the buyer what they know about the property’s condition and history. In California, most home sellers must provide a Transfer Disclosure Statement (TDS) revealing known defects and material facts, along with other required disclosures such as natural hazard zones. These protect the buyer by putting known issues on the record before closing.
Example: On the TDS, a seller discloses a past roof leak that was repaired; the buyer reviews it during the contingency period and decides whether to investigate further.