Energy Usage Disclosure Requirement Starts Jan 1 2009!

Posted in: Damascus MD
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Montgomery County Council passed a bill last April 2008 that is intended to ensure that home buyers are informed of a home's energy performance before sale and to help them take advantage of financing and other options that are available at the time of sale and financing.

When Does the Requirement Take Effect?: January 1st, 2009

What Types of Property Does the Law Apply to?:

Attached and Detached Single Family Homes

What Does the Law Require of the Seller?:

Before signing a contract for a home:

DOES require the seller to provide copies of electricity, gas, and home heating oil bills, or a cost and usage history, for the 12 months immediately prior to the sale; unless the home was previously unoccupied for the entire 12 month period. The seller must provide the buyer with the required information for the part of the prior 12 months, if any, that the seller occupied the single-family home.

For more information:

http://mdhoa.blogspot.com/

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