What info. to get from Seller prior to closing?

[Megan Phillips]

Hi All,

Under contract for a property, as part of due diligence, what are recommended documents/information that I should review before closing.

Inspection is happening tomorrow, and I have visited the property.

I have asked to be provided:

- 2+ years of income tax returns showing rental income, and also showing expenses claimed for the property

- 2+ years of property tax reports, for proof that value on listing is accurate for property

- Copies of current leases to tenants

- Proof that tenants pay for ground maintenance and snow removal (this is listed MLS sheet) as well as heat and electricity

- Bank statements further showing proof of tenant rents

- Something to be added to the contract about all provided information being true/not fraudulent

Is there anything else I should make sure to see?

Also another question:

When reviewing the disclosure report, I'm wondering if there is a way to make the seller provide a better detailed disclosure. At least 80% of the answers are "I don't know" -- even to some that should be known (there was a septic installed in 2014 and when it asked about size, etc, all of the answers were "I don't know" -- it was installed when you owned the property!). Or in one area it stated damage had been done by "pests" but no explanation was written. It is getting inspected tomorrow, so I'm hoping that anything the didn't disclose is found by the inspector. 

Any information would be helpful!

Megan