
Ohio Residential Property Disclosure Exemption Form


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People also ask
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Is a residential property disclosure form required in Ohio?
Ohio's disclosure requirement comes from a law called Ohio Revised Code § 5302.30, which requires people selling residential property containing one to four dwelling units to fill out a Residential Property Disclosure Form.
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Can you sue a home seller for undisclosed defects in Ohio?
Ohio sellers can be held liable for failing to disclose a material defect on the property.
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Which of these best describes the purpose of the property condition disclosure statement?
The disclosure helps to ensure that a buyer is aware of any defects or problems with a property before making an offer.
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Who must complete the property condition disclosure form in Tennessee?
The Residential Property Disclosure Act in Tennessee Code Annotated § 66-5-201 to 210 requires most sellers of residential real estate to complete a disclosure statement. The disclosure statement lets the buyers know about the condition of the property.
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Under what conditions is the residential property and owners association disclosure statement form not required in North Carolina?
The Residential Property and Owners' Association Disclosure Statement is not required if the property has more than four units, or if the transaction is a lease with the option to buy and the tenant plans to occupy the property. It is also not required for new-construction homes that have never been occupied.
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What is the purpose of a property disclosure statement?
Property disclosure statements essentially outline any flaws that the home sellers (and their real estate agents) are aware of that could negatively affect the home's value. These statements are required by law in most areas of the country so buyers can know a property's good and bad points before they close the deal.
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What is a property condition disclosure statement?
This document is also known as a property disclosure, and it's important for both those buying a house and for those selling a house. The Seller's Disclosure provides a clearer picture of the home and its history, plus it allows buyers to make a more educated decision on whether to purchase the home, defects and all.
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What is a property condition disclosure statement in NY?
This is a statement of certain conditions and information concerning the property known to the seller. This Disclosure Statement is not a warranty of any kind by the seller or by any agent representing the seller in this transaction.
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