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Florida realtors seller's property disclosure condominium

Seller s property disclosure condominium spdc 1 2025

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The document is a Seller's Property Disclosure form for condominiums in Florida, which outlines the seller's legal obligation to disclose known facts that materially affect the property's value. It includes sections for the seller to provide information about the unit's condition, structural integrity, pest issues, water intrusion, fire protection, hazardous substances, and association-related matters. The form emphasizes that it is not a substitute for inspections and encourages buyers to seek professional advice.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What are the consequences of lying on the seller disclosure?

Consequences of Lying on the Seller Disclosure Not doing so can lead to legal consequences such as compensatory and punitive damages. Sellers who misrepresent or fail to disclose critical information may be sued by buyers seeking to recoup their financial losses.

Is a seller property disclosure required in Florida?

While a sellers property disclosure form is not required under Florida law, Florida law does require sellers and their realtors to disclose any significant property defects that may not be easily visible to the buyer. Buyers still have the responsibility to have the property inspected.

What is the primary purpose of the sellers property disclosure statement exhibit?

What is the primary purpose of the Sellers Property Disclosure Statement Exhibit? To make buyers aware of any potential defect in the property that the seller knows about. The disclosure statement is required to disclose any known material defects by the seller to the buyer.

Is Florida a mandatory disclosure state?

The mandatory disclosure rule applies to all original and supplemental dissolution of marriage cases, except simplified dissolution of marriage cases and cases where the respondent is served by constructive service and does not answer.

What does seller property disclosure mean?

A sellers disclosure is a real estate document that provides details about a propertys condition and how it might negatively impact the value of the home. It is often required by law, though what it needs to contain can vary by state and locality.