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New York law requires you to disclose known home defects to the buyer. Under today's law, you\u2014as a New York home seller\u2014could be found liable to a buyer for having failed to disclose certain property conditions, or defects, in the course of the sale.
New York Real Property Law §443-a, in addition, protects sellers of real property and their agents against causes of action, or lawsuits, pertaining to the non-disclosure of deaths on the premises.
A disclosure form is a formal document that contains all the terms, conditions, assets, risks, and liabilities associated with a specific contract or agreement.
A NY Disclosure Form, more formally called the New York State Disclosure Form for Buyer and Seller, is an agency disclosure form that real estate agents are required to hand out to home buyers and sellers.
A New York seller is required to disclose known housing defects to the buyer in a real estate transaction. Omitting material facts about defects or knowingly making false statements to a buyer results in liability for damages if the omission or falsehood materially affects a buyer's decision to purchase the property.
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People also ask

The PDS can give potential home buyers an insight into the condition of the property and anything that may negatively affect the home's value. The PDS allows the seller(s) to disclose details about their home to prospective purchasers.
Yes. Anyone selling a house in New York is obliged to make certain disclosure. New York Real Property Law § 462 specifies that a seller must make certain environmental-related disclosure. Hence, the seller is required to disclose whether the property contains asbestos or not.
Disclosure is defined as the act of revealing or something that is revealed. An example of disclosure is the announcement of a family secret. An example of a disclosure is the family secret which is told.
Disclosure is the process of making facts or information known to the public. Proper disclosure by corporations is the act of making its customers, investors, and analysts aware of pertinent information.
A NY Disclosure Form, more formally called the New York State Disclosure Form for Buyer and Seller, is an agency disclosure form that real estate agents are required to hand out to home buyers and sellers.

nys agency disclosure