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Nj seller disclosure form 2004

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The Seller acknowledges that he/she is under an obligation to disclose any known material defects in the Property even if not addressed in this printed form* Seller alone is the source of all information contained in this form* All prospective buyers of the Property are cautioned to carefully inspect the Property and to carefully inspect the surrounding area for any off-site conditions that may adversely affect the Property. Moreover this Disclosure Statement is not intended to be a substitute ...

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Versions	Form popularity	Fillable & printable
NJAR Form-140 2012	4.8 Satisfied (152 Votes)
NJAR Form-140 2004	4.4 Satisfied (289 Votes)

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Does seller have to disclose previous inspection in NJ?

In New Jersey, a seller is legally required to disclose all "material defects" that the seller knows of in a property.

Is sellers disclosure mandatory in NJ?

In New Jersey, home sellers have a legal obligation to buyers to disclose information about their property's known defects. Failure to disclose can result in costly legal skirmishes that most homeowners would rather avoid.

What has to 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.

What do you have to disclose when selling a house 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.

Can Buyer Sue seller after closing NJ?

Can a buyer sue after closing? Yes. In New Jersey, sellers must disclose known, latent, material defects that they either knew or should have known.

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