ACRP Legal Research Digest 12:

Fair Disclosure and Airport Impact Statements in Real Estate Transfers

Status: Not for Sale

Size: 70 pages, 8.5 x 11

Publication Year:2011

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Authors:
Larry W Thomas; Transportation Research Board
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TRB's Airport Cooperative Research Program (ACRP) Legal Research Digest 12: Fair Disclosure and Airport Impact Statements in Real Estate Transfers examines the effect of a state or locality having no real property disclosure laws, explores existing general state real property ...
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Table of Contents
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COVER	1-1	(skim)
CONTENTS	2-2	(skim)
A. Introduction	3-3	(skim)
B. Disclosure of Property Within an Airport Influence Area, an Airport Noise Contour Map, or an Airport Safety Zone	4-5	(skim)
E. Disclosure of Military Airports	6-6	(skim)
F. Effect of Airport Disclosure on a Buyer's Obligations	7-7	(skim)
B. Whether an Airport Disclosure Law Is an Exercise of the Police Power	8-9	(skim)
C. Judicial Tests for Determining When Government Action Amounts to a Regulatory Taking	10-12	(skim)
D. The Difference Between a Facial and an "As Applied" Challenge to an Airport Disclosure Act	13-13	(skim)
E. Summary	14-14	(skim)
A. Whether an Airport Disclosure Statement Precludes a Buyer's Later Claim for Airport Noise Damages	15-16	(skim)
B. The Effect of an Airport Disclosure Act on Compensation for Noise Damages	17-17	(skim)
B. Noise Exposure Maps Under Federal Aviation Regulations, Part 150	18-18	(skim)
C. AICUZ Studies and Inverse Condemnation Claims	19-19	(skim)
B. Typical Airport Fair Disclosure Act Provisions	20-28	(skim)
C. Suggested Practices for Implementing an Airport Disclosure Act	29-29	(skim)
CONCLUSION	30-30	(skim)
APPENDIX A: REAL ESTATE FAIR DISCLOSURE LAW	31-42	(skim)
APPENDIX B: MATRIX OF RESIDENTIAL REAL PROPERTY STATUTORY DISCLOSURE PROVISIONS	43-54	(skim)
APPENDIX C: MATRIX OF STATE AIRPORT DISCLOSURE PROVISIONS	55-55	(skim)
APPENDIX D: SAMPLE AIRPORT DISCLOSURE STATEMENT	56-56	(skim)
APPENDIX E: SAMPLE REAL ESTATE TRANSFER DISCLOSURE STATEMENT	57-59	(skim)
APPENDIX F: TYPICAL AIRPORT FAIR DISCLOSURE ACT PROVISIONS	60-68	(skim)
ACKNOWLEDGMENTS	69-69	(skim)
BACK COVER	70-70	(skim)

Description

TRB's Airport Cooperative Research Program (ACRP) Legal Research Digest 12: Fair Disclosure and Airport Impact Statements in Real Estate Transfers examines the effect of a state or locality having no real property disclosure laws, explores existing general state real property disclosure laws, and discusses existing state real property disclosure laws specifically requiring the disclosure of airports in close proximity to the property being offered for sale.

The report also highlights annotated typical fair real property disclosure law provisions including provisions considered important for effective fair disclosure of airport-related impacts.

ACRP Legal Research Digest 12:

Fair Disclosure and Airport Impact Statements in Real Estate Transfers

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