Here is a SECOND bill in the legislature this year (2017) which I thought MARA members should be interested in. In the current statutes, Title 33 MRSA 173 is the law that requires sellers of real estate to disclose certain information to the buyer, including information about the water supply system, insulation, heating system, etc.
L.D. 871 would ADD to that list a requirement that would apply only if the property is accessed over a “private way” (which is why it should be of interest to Road Associations.) Here is the text of the bill - remember that the first part is not a complete sentence because it is adding to an existing list of things that must be disclosed in a real estate sale:
LD 871
An Act To Require Disclosures Relating to the Sale of Residential Real Property Accessible Only by a Private Way
Be it enacted by the People of the State of Maine as follows:
Sec. 3. 33 MRSA §173, sub-§6 is enacted to read:
6. Property accessible by private way. For residential real property accessible only by a private way, the name of the person who owns the private way and the name of the person who is responsible for the maintenance and repair of the private way. If any of the information required to be disclosed under this subsection is unknown to the seller, the seller shall disclose that fact. For the purposes of this subsection, "private way" has the same meaning as in Title 29-A, section 101, subsection 58.
SUMMARY
This bill provides that, for residential real property accessible only by a private way, the seller must disclose, if known, the name of the person who owns the private way and the name of the person who is responsible for the maintenance and repair of the private way.
So, MARA members, what do you think of this bill? Should it pass? I will post my comments below.