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Tennessee residential property disclosure act exemptions

Tennessee residential property condition exemption notification 2026

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The document outlines the Tennessee Residential Property Disclosure Act, detailing the obligations of sellers to disclose known material defects in residential properties and the rights of buyers regarding property condition disclosures. It specifies circumstances under which sellers may be exempt from providing a disclosure statement and emphasizes the importance of inspections for buyers. The document also includes a notification section for sellers to inform buyers when a property is being sold without a disclosure statement due to specific exemptions.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the property address in the designated field. Ensure accuracy as this is crucial for identification.
Fill in the buyer's name and seller's name in their respective fields. This information is essential for legal clarity.
Review the exemptions listed under section 2. Check all applicable boxes that justify why a disclosure statement is not provided.
In section 3, indicate any known conditions of the property by checking 'YES', 'NO', or 'UNKNOWN' for each item listed.
Ensure both parties sign and date the form at the bottom to validate the document. This step is critical for legal compliance.

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Who must complete the property condition disclosure form in Tennessee?

The Residential Property Disclosure Act in Tennessee Code Annotated 66-5-201 to 210 requires most sellers of residential real estate to complete a disclosure statement. The disclosure statement lets the buyers know about the condition of the property.

What is the code 66 5 208 in Tennessee?

Property 66-5-208. (3) Such other remedies at law or equity otherwise available against an owner in the event of an owners intentional or willful misrepresentation of the condition of the subject property.

What is a Tennessee residential property condition exemption?

Sellers may be exempt from having to complete the Disclosure form in certain limited circumstances (e.g. public auctions, court orders, some foreclosures and bankruptcies, new construction with written warranty, or owner has not resided on the property at any time within the prior 3 years).

Who is responsible for completing the SC property condition disclosure form?

The real estate licensee must disclose material adverse facts about the property if actually known by the licensee about the issue, regardless of the owner responses on this disclosure. Owner is solely responsible to complete this disclosure as truthfully and fully as possible.