The Property Condition Disclosure Waiver $500 is utilized in situations where a property seller wishes to limit their disclosure obligations and a buyer is willing to proceed with the transaction without full property condition disclosures. This document emerged from the need to streamline real estate transactions while providing fair compensation for increased buyer risk. It's particularly relevant in as-is property sales, investment purchases, or situations where the seller may not have complete knowledge of the property's condition. The $500 consideration ensures the waiver's enforceability under U.S. contract law, though it remains subject to state-specific restrictions and federal disclosure requirements that cannot be waived.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Identification of Parties: Names and details of buyer and seller
2. Property Description: Legal description and address of the subject property
3. Waiver Statement: Clear statement of buyer's waiver of right to property condition disclosure
4. Consideration: Statement of $500 consideration for the waiver
5. Acknowledgment: Buyer's acknowledgment of understanding the waiver
1. Known Defects: Section for listing any known defects that must be disclosed despite waiver - used when seller is aware of material defects that cannot legally be waived
2. Environmental Hazards: Section for disclosure of known environmental issues - used when property has known environmental concerns
3. Lead Paint Disclosure: Required federal lead paint disclosure section - mandatory for properties built before 1978
1. Property Description Schedule: Detailed legal description of the property including lot numbers, boundaries, and any easements
2. Known Defects Schedule: Itemized list of any known defects that must be disclosed despite the waiver
3. Receipt of Consideration: Documentation confirming the payment and receipt of the $500 consideration
Relevant legal definitions
Clauses
Parties and Property
Acknowledgment of Waiver
Consideration
Property Condition
Representations and Warranties
Risk Assumption
Known Defects
Environmental Matters
Federal Disclosures
State Law Compliance
Severability
Governing Law
Entire Agreement
Amendment
Binding Effect
Execution
Acknowledgment of Receipt
Release of Liability
Mandatory Disclosures
Survival
Acknowledgment of Waiver
Consideration
Property Condition
Representations and Warranties
Risk Assumption
Known Defects
Environmental Matters
Federal Disclosures
State Law Compliance
Severability
Governing Law
Entire Agreement
Amendment
Binding Effect
Execution
Acknowledgment of Receipt
Release of Liability
Mandatory Disclosures
Survival
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Application For Fee Waiver Online
A U.S. legal document allowing individuals to request exemption from court fees based on financial hardship.
find out more
Medicaid Estate Recovery Hardship Waiver
A U.S. legal document requesting exemption from Medicaid estate recovery based on undue hardship, governed by federal and state regulations.
find out more
Waiver For Injury On Property
A U.S.-compliant liability release form protecting property owners from claims arising from injuries on their premises.
find out more
Waiver Of Ineligibility
A U.S. immigration document requesting relief from grounds of inadmissibility under federal immigration law, submitted to USCIS or the Department of State.
find out more
Prosecutorial Waiver
A U.S. legal document used in federal and state criminal proceedings where a defendant voluntarily waives specific legal rights in relation to prosecution.
find out more
Military Spouse Green Card Fee Waiver
A U.S. federal document requesting exemption from green card application fees for military spouses under USCIS guidelines.
find out more
Waiver Of Notice Of Probate Of Will
A U.S. legal document where an interested party waives their right to receive formal notice of probate proceedings.
find out more
Waiver Of Grounds Of Inadmissibility
A U.S. federal immigration document requesting permission to enter or remain in the United States despite existing grounds of inadmissibility under U.S. immigration law.
find out more
Waiver Of Process Consent To Probate
A U.S. legal document where an interested party waives their right to formal notice in probate proceedings.
find out more
Visa Interview Waiver
A U.S. immigration document requesting exemption from the visa interview requirement under U.S. Department of State regulations.
find out more
Uscis Waiver
A federal immigration document requesting USCIS to waive specific grounds of inadmissibility under U.S. immigration law.
find out more
Department Of State J1 Waiver
A U.S. federal document requesting waiver of the two-year home residency requirement for J-1 visa holders under U.S. immigration law.
find out more
Physician National Interest Waiver
A U.S. federal immigration document allowing foreign physicians to work in medically underserved areas without employer sponsorship.
find out more
Eb 2 National Interest Waiver
A U.S. immigration petition allowing qualified individuals to seek permanent residency by demonstrating their work serves the national interest.
find out more
Hardship Waiver Immigration
A U.S. immigration waiver petition demonstrating extreme hardship to qualifying relatives, submitted to USCIS under federal immigration law.
find out more
National Interest Waiver Visa
A U.S. immigration petition document that allows qualified individuals to bypass labor certification requirements based on national interest considerations under federal law.
find out more
Waiver Of Inadmissibility
A U.S. immigration document requesting permission to enter or remain in the United States despite inadmissibility grounds under federal immigration law.
find out more
Waiver For Damage To Property
A US-governed legal document that releases liability for potential property damage, incorporating federal and state-specific waiver requirements.
find out more
Moral Rights Waiver
A US legal document allowing artists to waive their moral rights in creative works under VARA and state laws, enabling modifications and adaptations of their work.
find out more
Waiver Of Rights To Property
A U.S. legal document used to formally surrender property rights or interests, subject to federal and state property laws.
find out more
Waiver Of Exemption
A U.S. legal document where a debtor voluntarily waives their statutory right to protect certain assets from creditors.
find out more
Waiver Of Accounting
A U.S. legal document where a beneficiary waives their right to receive detailed financial accountings from a trustee or executor.
find out more
Ssa Overpayment Waiver
A U.S. federal document requesting forgiveness of Social Security benefit overpayments under SSA regulations.
find out more
Non Waiver
A U.S. legal document that preserves a party's rights despite not immediately exercising them, preventing unintended waiver through inaction.
find out more
Jump Around Waiver
A U.S. legal document protecting recreational facilities from liability claims related to trampoline and bounce house activities.
find out more
First Time Felony Waiver
A U.S. legal document allowing eligible first-time felony offenders to avoid traditional prosecution through completion of specified program requirements.
find out more
Citizenship Application Fee Waiver
A U.S. federal document requesting waiver of citizenship application fees from USCIS based on financial need.
find out more
Army Rights Waiver
A U.S. military legal document where a service member voluntarily waives specific rights under federal law and Army regulations.
find out more
Waiver Of Rights To Transfer Of Ownership
A U.S. legal document that formally surrenders rights to future ownership transfer of specific assets or property.
find out more
Waiver Of Notice
A U.S. legal document that allows corporate stakeholders to waive their right to receive advance notice of meetings or corporate actions.
find out more
Waiver Of Appearance
A U.S. legal document allowing parties to formally waive their right to appear at court proceedings.
find out more
Waiver For Basketball League
A U.S.-compliant legal document protecting basketball league organizers from liability claims while establishing participant acknowledgment of risks and responsibilities.
find out more
Virtual Tour Sight Unseen Waiver
A U.S. legal document protecting parties in real estate transactions where property is purchased or rented based solely on virtual viewing.
find out more
Unlawful Presence Waiver
A U.S. immigration document requesting forgiveness for unlawful presence periods, filed with USCIS before consular processing.
find out more
Property Condition Disclosure Waiver $500
A U.S. legal document where a property buyer waives their right to receive condition disclosures in exchange for $500 compensation.
find out more
Meal Break Waiver
A U.S. legal document allowing employees to voluntarily waive their meal break rights in compliance with federal and state labor laws.
find out more
Late Fee Waiver Application
A U.S.-compliant formal request document used to petition for the removal of late payment penalties from an account or service.
find out more
Big Box Waiver
A U.S.-specific liability waiver used in retail and warehouse facilities to protect operators from claims related to inherent operational risks.
find out more
Private Home Swimming Pool Waiver
A U.S. legal document that protects homeowners from liability related to private pool use by having users acknowledge risks and waive certain legal rights.
find out more
Fee Waiver For Divorce
A U.S. legal document requesting exemption from court fees for divorce proceedings based on financial hardship.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)