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Real property

property disclosure statement

A property disclosure statement is a written document provided by a seller of real property to the prospective buyer stating that the property has a material or significant problem or defect and disclosing the nature of the problem or defect—or stating the seller is unaware of any such problems or defects.

In Connecticut, a property disclosure statement is a mandatory document that sellers of residential real property must provide to prospective buyers. This disclosure is governed by Connecticut General Statutes Section 20-327b, which requires sellers to complete a form detailing the condition of the property, including any known material defects. The form covers various aspects of the property such as the structural elements, water supply, sewage system, hazardous substances, and other relevant areas that could affect the property's value or desirability. The purpose of this disclosure is to inform buyers of any significant issues before they complete the purchase. Failure to provide this disclosure or intentionally withholding information about known defects could result in legal consequences for the seller, including potential liability for damages.

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Real property

property disclosure statement

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Connecticut State Code

Connecticut State Code

Real property

property disclosure statement

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