What Do I Do For Seller Disclosure And Form 2 When Selling Multiple Lots?
When Selling Multiple Lots, A Separate Form 2 Seller Disclosure Statement Is Required For Each Individual Lot Sold To Different Buyers, But One Combined Form 2 Can Be Used If All Lots Are Sold Together To A Single Buyer, Ensuring Legal Compliance.
A: Treat each sale like a contract.
If selling lots individually:
You must order a separate Form 2 Seller Disclosure Statement for each lot being sold.
For example, if five units are being sold to five different buyers, five individual Form 2s are required - one per contract.
If selling all lots together to one buyer:
You may order one combined Form 2, which will:
Reference all included lots and enclose the required searches for each lot (e.g. five title searches, five survey plans, etc.).
This approach ensures legal compliance and avoids the risk of contract termination due to incomplete disclosure.