What document certifies the completion of a mandatory physical inspection of the property?

The Real Estate Transfer Disclosure Statement (TDS) is a document specifically designed to inform buyers about the condition of a property being sold. It requires the seller to disclose any known physical defects, environmental hazards, and other relevant information about the property. This document serves to certify that a thorough physical inspection of the property has been performed, with specific details about its condition provided by the seller.

The completion of the TDS is an important step in the real estate transaction process in California as it helps protect both buyers and sellers by ensuring that relevant information about the property is clearly communicated. It plays a crucial role in promoting transparency regarding the property's state, allowing buyers to make informed decisions based on comprehensive disclosures about any issues that may affect their purchase.

In contrast, the other options listed do not fulfill the same function. For instance, a Property Inspection Statement could refer to a report prepared by a professional inspector but does not have the same legally mandated disclosure requirements. An Inspection Completion Certificate could imply a verification of inspection completion but is not a standard document recognized in the same way as the TDS. Lastly, the Mandatory Inspection Report is not an official legal document used in California real estate transactions in the same manner as the TDS. Hence, the Real Estate Transfer