Required Disclosures (3)
Lead-Based Paint Disclosure – The sellers of all buildings made prior to 1978 must provide purchasers with a written statement disclosing their knowledge regarding the use of toxic lead-based paint in the building.
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Property Disclosure Statement – Sellers are required to provide potential buyers with a standardized statement that details the material condition of the property, including the water supply, sewage disposal, heating, and plumbing.[1]
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Mineral, Oil, and Gas Rights Disclosure – The owner of the real property must provide the purchaser with a mineral and oil and gas rights disclosure statement. This requirement applies to transfers of residential real property consisting of not less than one or more than four dwelling units.[2]
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