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Get the free Residential Property Condition Disclosure Act; effective date

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Authentisign ID: 8A410696E1B3EE1189256045BDDCBBD3APPENDIX B. RESIDENTIAL PROPERTY CONDITION DISCLAIMER STATEMENT FORM Seller instructions: Oklahoma Law (the Residential Property Condition Disclosure
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How to fill out residential property condition disclosure

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How to fill out residential property condition disclosure

01
Obtain a residential property condition disclosure form from your real estate agent or local real estate association.
02
Fill out the form with accurate and detailed information about the condition of the property, including any known issues or defects.
03
Be honest and transparent when answering questions on the form, as failure to disclose material defects could lead to legal consequences.
04
Sign and date the completed form before providing it to potential buyers or their agents.

Who needs residential property condition disclosure?

01
Anyone selling a residential property in certain states, such as California and Connecticut, is required by law to provide a residential property condition disclosure to potential buyers.
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Residential property condition disclosure is a legal document that outlines the current condition of a residential property, including any known defects or issues that may affect its value or desirability.
Typically, sellers or owners of residential properties are required to file residential property condition disclosures when selling the property, though specific requirements can vary by jurisdiction.
To fill out a residential property condition disclosure, sellers need to answer a series of questions about the property's condition, including structural issues, plumbing, electrical systems, and any past repairs or renovations.
The purpose of residential property condition disclosure is to inform potential buyers about the property's condition, allowing them to make informed decisions and to protect sellers from future legal liabilities concerning undisclosed defects.
Information that must be reported includes the state of the roof, plumbing, electrical systems, any known pest issues, the presence of mold, and the history of any flooding or other damage.
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