Definition
Your legal obligation to disclose all known property defects to buyers. What you know about the property's condition—past water damage, structural issues, environmental hazards—must be disclosed. Incomplete disclosure invites liability.
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Required in most states. Seller's legal obligation. Non-disclosure creates liability. Document covers structural, system, environmental issues. Professional disclosure form used. Timing varies by state. Buyer review period typical. Professional guidance on disclosure. Honest completion essential. Liability if incomplete. Legal requirement with consequences. Consumer protection mechanism.
Pro Tip
Complete disclosure forms completely and honestly. Non-disclosure creates serious legal exposure.
Example
Property condition disclosure revealed prior water damage and asbestos materials.