The Natural Hazards Disclosure Act applies to which types of properties?

The Natural Hazards Disclosure Act is designed to ensure that buyers of real property are informed about potential natural hazards that may affect their investments, creating a framework for disclosure that applies widely. The Act encompasses virtually all types of properties, including residential, commercial, and vacant lots.

This broad applicability is essential for protecting consumers, as natural hazards such as earthquakes, floods, and fire hazards can impact any property type, regardless of its status as residential or commercial. The goal is to provide comprehensive information to prospective buyers, enabling them to make informed decisions about the risks associated with their potential properties. This understanding is critical for risk assessment and for insurance purposes, making the Act relevant across a variety of property classifications.

The focus on a wide range of properties helps ensure that all buyers have access to crucial information, fostering transparency in the real estate transaction process.