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Do you need a certificate of occupancy to sell a house in NJ?

New Jersey requires that before the closing of new construction occurs, the builder or seller obtain a certificate of occupancy from the municipality where the property is located. For resale of existing property, sellers are not required by the state to obtain a certificate of occupancy.

Is New Jersey a full disclosure state?

Sellers of real estate in New Jersey must disclose defects known to them and unknown and not readily observable to the buyer. Deliberate concealment of a latent defective condition material to the transaction constitutes sufficient grounds to rescind a contract or award monetary damages to a buyer. Correa v.

What must be disclosed when selling a house in NJ?

Among the numerous types of things a seller in New Jersey is required to disclose are electrical system hazards, structural problems, roof leakage, termites, environmental hazards, and plumbing, water, and sewage issues.

Is an agency disclosure form used in Georgia?

Agency Disclosure ( 520-1-. 06(4)(b)) No standardized form. Georgia law demands that licensees describe to both buyers and sellers the relationship established upon accepting representation by an agent.

Is a sellers disclosure required in NJ?

New Jersey Sellers Must Disclose Known, Latent, Material Defects. In order to protect buyers from unwittingly purchasing real estate with hidden defects, a New Jersey home seller has a duty under the common law to tell prospective buyers about known, latent (concealed) material defects in the property.

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