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Rhode Island Residential Purchase Agreement

A Rhode Island residential purchase agreement is a document used to purchase a single-family or multi-unit residence. While the terms of the contract may vary depending on the type of property being sold, the agreement will always outline the purchase price, closing date, and the condition of the property.
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Required Disclosures (2)

Lead-Based Paint Disclosure – Federal law requires owners of any property built before 1978 to inform prospective buyers on whether or not a property contains lead-based paint.

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Real Estate Sales Disclosure Form – Used to provide buyers with a detailed description of the material condition of a particular property. All sellers must complete this document and offer it to the buyer before agreeing to sell their property.[1]

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Sources

  1. § 5-20.8-2