Section 34-1-151 - Property Disclosure Statement

34-1-151. Property disclosure statement. (a) Unless disclosure is waived as provided in subsection (b) of this section, every seller of vacant land shall provide to any prospective buyer a property disclosure statement that includes, but is not limited to, the following information: (i) Whether the property is being offered as a unified estate; (ii) If fee ownership of the underlying mineral estate has in any way been severed in the chain of title from the surface estate; (iii) The availability and location of public utilities; (iv) The name of the entity that maintains the roads and the level of maintenance available; (v) The availability of water and sewer infrastructure; (vi) The availability of fire protection services; and (vii) The existence and location of any easements across the land known to the seller or recorded in the records of the county clerk. (viii) Repealed By Laws 2012, Ch. 45, 2. (b) A buyer may waive disclosure of the information required under subsections (a) and (e) of this section. (c) No transfer subject to this section shall be invalidated solely because of the failure to comply with the provisions of subsection (a) of this section.

er subsections (a) and (e) of this section. (c) No transfer subject to this section shall be invalidated solely because of the failure to comply with the provisions of subsection (a) of this section. However, any person who willfully or negligently violates or fails to perform the duties prescribed by subsection (a) of this section shall be liable in the amount of actual damages suffered by the buyer. (d) For purposes of this section, 'vacant land' means land: (i) With no habitable dwelling; (ii) Not within the boundaries of a platted subdivision, or city or town; and (iii) Less than one hundred forty (140) acres. (e) Unless disclosure is waived as provided in subsection (b) of this section, every seller of land not within the corporate boundaries of any city or town shall disclose in writing to any prospective buyer whether fee ownership of the wind estate has in any way been severed in the chain of title from the surface estate, including the existence of a wind energy agreement as defined in W.S. 34-27-102(a)(i).