Connecticut Laws
Requirement to Record: An option to purchase property is not legally required to be recorded. However, if it is not recorded, it does not afford legal protection.[1]
Expiration: Because there is no specific law that determines the expiration of constructive notice, it will expire when the option expires.
Maximum Term: While there is no specific maximum term set by state law, a nonvested interest is invalid unless it terminates no later than 21 years after the death of an individual then living, or the interest vest or terminates within 90 years of its creation.[2]
No Duration: If no duration is defined for the option portion of the lease, the option to purchase will expire when the lease expires.
Signing Requirements: The option must be in writing and must be signed by the seller.[3]
Required Disclosures (5)
2. Bed Bug Disclosure – The landlord must disclose whether the property, or a contiguous unit, is infested with bed bugs.[4]
5. Condominium Interest Community Disclosure (conditional) – This disclosure must be attached if the residence is in a common interest community.[5]
4. Landlord’s Identity – The landlord must identify themselves in the lease and include the address where the tenant can send legal notices.[6]
1. Lead-Based Paint Disclosure & EPA Pamphlet – If the dwelling was built prior to 1978, the landlord must furnish the tenant with this disclosure and pamphlet regarding lead-based paint.[7]
3. Sprinkler Disclosure – The lease must include whether or not a sprinkler system is installed. If so, the date of the last inspection must be mentioned.[8]
Seller’s Disclosures (3)
1. Lead-Based Paint Disclosure (conditional) – Dwellings constructed before 1978 may contain lead-based paint; therefore, it is mandatory for sellers to provide this disclosure form to a potential buyer of such property built before this year.[9]
2. Residential Property Condition Report ( required) – The Connecticut Department of Consumer Protection requires sellers of a residential property to complete this disclosure form and present it to any potential buyer prior to any binder or contract.[10]