Get the free RESIDENTIAL PROPERTY DISCLOSURE FORM - KeyNote Property

Effective 1/1/07 STATE OF OHIO DEPARTMENT OF COMMERCE RESIDENTIAL PROPERTY DISCLOSURE FORM Pursuant to section 5302.30 of the Revised Code and rule 1301:1-4-10 of the Administrative Code. TO BE COMPLETED

How to fill out residential property disclosure form

How to fill out a residential property disclosure form?

1. Start by obtaining a copy of the residential property disclosure form from your state's real estate commission or a local real estate attorney.
2. Read through the form carefully to familiarize yourself with the questions and requirements.
3. Begin by providing basic information about the property, such as the address, the year it was built, and its square footage.
4. Move on to disclosure questions related to the structure of the property, such as the age and condition of the roof, HVAC system, plumbing, and electrical systems.
5. Disclose any known issues with the property, such as previous flooding, water leaks, foundation problems, or any other defects.
6. Answer questions about any past repairs or renovations performed on the property and provide documentation if necessary.
7. If applicable, disclose any known environmental hazards, such as lead-based paint, mold, asbestos, or radon.
8. Be honest and thorough in your responses, as purposefully omitting or providing false information can have legal repercussions.
9. Sign and date the disclosure form, affirming that the information provided is true and accurate to the best of your knowledge.
10. Keep a copy of the completed form for your records.

Who needs a residential property disclosure form?

1. Homeowners selling their property generally need to complete a residential property disclosure form.
2. Buyers rely on this form to gain an understanding of the property's condition and any potential issues before making a purchase.
3. Real estate agents and brokers also typically require sellers to complete a residential property disclosure form to ensure compliance with local regulations and protect themselves from potential litigation.

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