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There is no statutory requirement to provide a mold disclosure form. For Radon and lead, there are statutory requirements that sellers provide disclosure forms. But there are no state or federal statutory requirements that sellers provide mold disclosure forms. 2.
The Illinois Real Property Act requires sellers to disclose known defects and problems with a property. The law protects buyers from purchasing homes that have serious defects, and it protects sellers from liability for any defects that appear after a sale is completed.
Consumer protection regulations (CPRs) dictate that a seller must disclose any pertinent information they have about the property which might influence the prospective buyers decision.
1. There is no statutory requirement to provide a mold disclosure form. For Radon and lead, there are statutory requirements that sellers provide disclosure forms. But there are no state or federal statutory requirements that sellers provide mold disclosure forms.
The seller must disclose known material defects to a prospective buyer. Some of the information a seller must provide about the real estate includes: flooding or leakage, including in the crawl space, basement, roof, ceilings, or chimney. material defects in the roof, ceilings, chimney, walls, windows, doors, or floors.
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This law requires sellers to disclose in writing anything they know about the property being sold. The information may include but isnt limited to the quality of the house, safety, flood risk, environmental issues, material defects, among other details.
Types of Disclosures Illinois Home Sellers Must Make Illinois law requires you, as a home seller, to tell a prospective buyer, in writing, about any material defects you actually know about. This means anything youre aware of that affects the value, healthfulness, and safety of your property.
Types of Disclosures Illinois Home Sellers Must Make Illinois law requires you, as a home seller, to tell a prospective buyer, in writing, about any material defects you actually know about. This means anything youre aware of that affects the value, healthfulness, and safety of your property.
THE SELLER ACKNOWLEDGES THAT THE SELLER IS REQUIRED TO PROVIDE THIS DISCLOSURE REPORT TO THE PROSPECTIVE BUYER BEFORE THE SIGNING OF THE CONTRACT AND HAS A CONTINUING OBLIGATION, PURSUANT TO SECTION 30 OF THE RESIDENTIAL REAL PROPERTY DISCLOSURE ACT, TO SUPPLEMENT THIS DISCLOSURE PRIOR TO CLOSING.
The seller must disclose known material defects to a prospective buyer. Some of the information a seller must provide about the real estate includes: flooding or leakage, including in the crawl space, basement, roof, ceilings, or chimney. material defects in the roof, ceilings, chimney, walls, windows, doors, or floors.

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