Get the free RESIDENTIAL PROPERTY DISCLOSURE FORM

STATE OF OHIO DEPARTMENT OF COMMERCE RESIDENTIAL PROPERTY DISCLOSURE FORM Pursuant to Ohio Revised Code Section 5302.30 TO BE COMPLETED BY OWNER (Please Print) Property Address: Owners Name(s): Date:

How to fill out residential property disclosure form

How to fill out a residential property disclosure form:

1. Gather all necessary information: Before filling out the form, make sure you have all the relevant information about your residential property. This may include details about the structure, any renovations or repairs done, information about the neighborhood, and any known issues or defects.
2. Review the form: Take the time to carefully read through the entire residential property disclosure form. Understand what information is being requested and make sure you have all the necessary documentation to support your answers.
3. Complete each section: The form will typically have sections or categories that cover different aspects of the property. Fill out each section accurately and honestly. Provide detailed information regarding any known issues or defects, as withholding information could lead to legal consequences.
4. Provide additional documentation: If required or available, attach any relevant documentation or reports that support the information provided in the form. This could include inspection reports, repair invoices, or any other relevant documentation.
5. Seek professional advice if needed: If you are unsure about any aspect of filling out the residential property disclosure form, consider consulting with a real estate attorney or a qualified real estate professional. They can provide guidance and ensure you complete the form correctly.

Who needs a residential property disclosure form:

1. Home sellers: Residential property disclosure forms are typically required by law for home sellers. The purpose is to inform potential buyers about any known issues or defects with the property, ensuring transparency in the transaction.
2. Real estate agents: Real estate agents representing sellers are responsible for ensuring that the residential property disclosure form is completed accurately and thoroughly. They play a crucial role in helping sellers gather the necessary information and guide them through the process.
3. Potential buyers: Buyers rely on residential property disclosure forms to gain insights into the condition of the property they are interested in purchasing. This information helps them make informed decisions, negotiate the terms of the sale, and plan for any potential future repairs or issues.
4. Lenders and insurers: Lenders and insurers may also require a residential property disclosure form to assess the property's condition and evaluate any potential risks. This information helps them determine the loan terms or insurance coverage.

In conclusion, filling out a residential property disclosure form involves gathering relevant information, reviewing the form, accurately completing each section, attaching supporting documentation, and seeking professional advice if needed. This form is typically required by law and is essential for sellers, real estate agents, buyers, lenders, and insurers.

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