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when selling a kentucky condominium unit the condominium seller certificate is used to Preview on Page 1

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You need only disclose defects or conditions about which you actually know, based on your observations and having lived in the property.
The Property Condition Disclosure Act requires the seller of residential real property to cause this disclosure statement or a copy thereof to be delivered to a buyer or buyers agent prior to the signing by the buyer of a binding contract of sale.
If selling a home in the Bluegrass State, youll need to be mindful of Kentuckys disclosure requirements. Sellers of residential property are required by state law to disclose to prospective buyers certain defects with their home that could impair its value.
Do you have to report a death in your home while selling real estate in Kentucky? Kentucky does not require disclosure of death on a property. If a buyer ask, however, the seller and agent must be truthful.
Sellers Disclosure of Property Condition ( 324.360) As Kentucky is not a buyer beware state, the seller of a residential property must provide the buyer with full disclosure of the condition of the property prior to signing a purchase agreement.
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The Seller Disclosure of Property Condition applies to all sales and purchases of residential real estate in Kentucky, except for in the case of a court supervised foreclosure, a sale of real estate at auction or residential purchases of new homes if a warranty is offered.
Seller Disclosure Laws The law in Kentucky states that sellers must reveal any known material defects of a property that may affect its value or desirability. The completion of this form by a seller, however, is not the same as a professional inspection.
✔️Five Things to disclose When Selling Your House in California The Form. Every person who sells real estate in California must complete and provide the buyer with a required form. Property Taxes. Toxic Substances (Asbestos Disclosure) Death at the Property. The Water Heater Strap.
Most Common Disclosures in Real Estate Natural Hazards Disclosure. First on the list is the natural hazards disclosure. Market Conditions Advisory (MCA) Market Conditions Advisory, also known as MCA, covers items more financial in nature. State Transfer Disclosure. Local Transfer Disclosure. Megans Law Disclosures.
Terms in this set (25) the licensee is the seller. -- The only time a licensee should fill out the Sellers Property Condition Disclosure or disclaimer forms is when he/she owns the property.

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