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What is the Maryland Residential property Disclaimer Statement?

Section 10-702 of the Real Property Article, Annotated Code of Maryland, requires the seller of certain residential real property to furnish to the purchaser either (a) a RESIDENTIAL PROPERTY DISCLAIMER STATEMENT stating that the seller is selling the property as is and makes no representations or warranties as to

What is the Maryland Uniform Disclaimer of property Interests Act?

(a) A person who is an heir, next of kin, devisee, legatee, person succeeding to a disclaimed interest, beneficiary under a testamentary instrument, or appointee under a power of appointment exercised by a testamentary instrument, may disclaim in whole or in part the right of succession to any property or interest in

What is a residential property disclosure statement?

A property disclosure statement is an essential document that should be included in any real estate transaction. It can provide an accurate picture of the property and its condition and any potential liabilities that may come along with it. It can also help protect the buyer and seller from legal action.

What is a residential property condition disclaimer statement?

Lesson Summary. The sellers property condition disclosure statement must name any known material facts that would affect a buyers decision to buy a property. These issues commonly include structural and physical problems with the building.

Is Maryland an informed consent state?

Under Marylands common law doctrine of informed consent, a mentally competent adult is entitled to give or withhold consent to medical treatment after receiving a fair and reasonable explanation of the proposed treatment.