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Maryland disclosure 2025

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The document outlines the Maryland Residential Property Disclosure and Disclaimer Statement, which requires property owners to inform potential buyers about the condition of residential real estate. Owners must provide either a disclosure statement detailing known defects or a disclaimer stating the property is sold 'as is' without warranties. It also lists exemptions from these requirements and defines latent defects that must be disclosed. The document includes sections for owners to report on various property systems and conditions, ensuring transparency in real estate transactions.

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Click ‘Get Form’ to open the Maryland Residential Property Disclosure and Disclaimer Statement in the editor.
Begin by entering the property address and legal description at the top of the form. This information is crucial for identifying the property in question.
In the 'Notice to Seller and Purchaser' section, familiarize yourself with your obligations regarding disclosures. Decide whether you will complete the Residential Property Disclosure Statement or opt for the Disclaimer Statement.
If disclosing defects, proceed to fill out each relevant section regarding property systems such as water supply, sewage disposal, heating, and air conditioning. Answer all questions honestly based on your knowledge.
For each component listed (e.g., foundation, basement, roof), indicate any known issues by selecting 'Yes', 'No', or 'Unknown'. Provide comments where necessary to clarify your answers.
Finally, ensure that both owners sign and date the document at the bottom. If applicable, purchasers should also acknowledge receipt of this disclosure.

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Versions	Form popularity	Fillable & printable
2005	4.9 Satisfied (425 Votes)
2001	4.1 Satisfied (45 Votes)

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What is the disclosure law in Maryland?

Code 10-702, requires sellers of residential real estate to complete a formknown as the Residential Property Disclosure and Disclaimer Statementsetting forth conditions and defects with the property.

Is Maryland a full disclosure state?

Maryland is somewhat unique in that sellers can choose between either giving the buyer a disclosure of known defects or a disclaimer as to the condition of the house (but not both). In the latter case, you would be selling the property as is, but must at least mention any known latent defects.

Does Maryland require salary disclosure?

Marylands Wage Transparency Law requires all employers both public and private to disclose in both internal and external job postings, including those posted through third parties: Wage ranges (including the minimum and maximum wage); A general description of benefits; and.

Is Maryland a disclosure state?

Does Maryland Require a Seller Disclosure? Yes, Maryland law mandates that sellers of residential real estate complete a form known as the Residential Property Disclosure and Disclaimer Statement, as outlined in Md.

How to prepare a disclosure?

Crafting an Effective Disclosure Statement Identify all relevant parties involved in the disclosure. Determine the purpose of the disclosure. Outline the information that needs to be included in the disclosure. Draft the disclosure in a straightforward and easy to understand manner.