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DREC Property Disclosure Final Effective 12 1 13 - Delaware ...

DREC Property Disclosure Final Effective 12 1 13 - Delaware ... 2026

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The document is a Seller's Disclosure of Real Property Condition Report for residential properties in Delaware, mandated by state law. It requires sellers to disclose known material defects and property conditions before final settlement. The report includes various sections covering occupancy, deed restrictions, title information, environmental hazards, structural items, and more. Sellers must provide accurate information to prospective buyers, who are advised to conduct their own inspections. The document serves as a legal acknowledgment of the property's condition and is part of the sales agreement.

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Click ‘Get Form’ to open the DREC Property Disclosure in the editor.
Begin by entering the Seller(s) Name and Property Address at the top of the form. This information is crucial for identifying the property being disclosed.
Proceed to Section I: OCCUPANCY. Answer questions regarding current occupancy status, type of property, and any leases or permits associated with it.
In Section II: DEED RESTRICTIONS, indicate if there are any deed restrictions or homeowners associations affecting the property. Provide details as necessary.
Continue through each section, ensuring you answer all Yes/No questions accurately. Use 'U' for Unknown and 'NA' for Not Applicable where appropriate.
For any additional explanations required in Section XVI, provide detailed information about specific issues or clarifications related to your answers.
Finally, review all entries for accuracy before signing. Ensure both Seller and Buyer acknowledge their understanding of the report.

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Versions	Form popularity	Fillable & printable
2017	4.8 Satisfied (197 Votes)
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2011	4.1 Satisfied (69 Votes)

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What are the exemptions for sellers disclosure in Delaware?

A sellers disclosure should be obtained by a licensee before agreeing. Transfers made by court order, default, divorce, and by government entities are exempt from the disclosure requirement.

What is sellers disclosure of real property condition report Delaware?

The Buyer Property Protection Act, codified as Chapter 25, Title 6 of the Delaware Code, requires the seller of residential real estate to complete a formknown as the Sellers Disclosure of Real Property Condition Reportsetting forth any known conditions and docHub defects with the property.

What are most seller property disclosures required for?

Most seller property disclosures are required for residential properties and vacant land. This means that when selling a residential property, the seller is legally obligated to disclose any known defects or issues with the property to potential buyers.

Is Delaware a disclosure state?

Chapter 25, Title 6 of the Delaware Code, requires a Seller of residential property to disclose in writing all material defects of the property that are known at the time the property is offered for sale or that are known prior to the time of final settlement. The same law requires disclosure about radon gas.

How to fill out a disclosure statement?

How Should You Write a Disclosure Statement? Identify all relevant parties involved. Determine and state the purpose of the disclosure. Outline and provide the information that needs to be included in the disclosure. Be written using straightforward, non-technical, and easy-to-understand language.

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