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Kansas law now
requires sellers’ disclosure of estimated specials, and if property
is located in an improvement district.
Two new laws,
K.S.A. 12-6,123 and 12-6a20, became effective July 1, 2003. The laws require
sellers to disclose to buyers if a property is subject to a special
assessment or fee or is located in an improvement district. The disclosure
must be made as part of the contract or prior to its execution. If the amount
of special
assessments is unknown, the seller must make a good faith estimate. Sellers
must also obtain written acknowledgement from buyers that they are aware
of the special
assessment or fee, or that the property is located in an improvement district.
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