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Ohio residential property disclosure form 2023

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The document is the Ohio Residential Property Disclosure Form, which requires property owners to disclose known conditions and information about their property to potential purchasers. It emphasizes that the owner’s statements are based on actual knowledge and are not warranties. The form includes various sections for owners to report on aspects such as water supply, sewer systems, structural components, hazardous materials, and any known defects. It also advises potential buyers to conduct their own inspections and due diligence.

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Versions	Form popularity	Fillable & printable
2022	4.8 Satisfied (36 Votes)
2013	4.4 Satisfied (548 Votes)
2012	4.1 Satisfied (75 Votes)
2008	4.3 Satisfied (60 Votes)

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What is the purpose of a property disclosure statement?

Property disclosure statements essentially outline any flaws that the home sellers (and their real estate agents) are aware of that could negatively affect the homes value. These statements are required by law in most areas of the country so buyers can know a propertys good and bad points before they close the deal.

What happens if a seller lies on a disclosure in Ohio?

If it can be proven that the owner knew about a problem and failed to disclose it on the required form, you might be able to hold them responsible for paying for the repair. If the seller and/or their realtor intentionally defrauded you, you can seek damages amounting to double the cost of repairs.

What do you have to disclose when selling a house in Ohio?

Failure to Disclose Defects Could Be Grounds for Legal Action.

Is a property disclosure required in Ohio?

Ohio law requires sellers to fill out a real estate disclosure. There are certain circumstances, however, where it is not needed. For example, when a property is a foreclosure, is being transferred directly between owners, or when a property is transferred to or from a governmental agency.

Do you have to disclose mold when selling a house in Ohio?

Ohio law requires sellers to disclose any known material defects, including mold presence. Honesty and transparency about mold issues are legal obligations that build foundational trust with potential buyers and are crucial to avoid legal repercussions.

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Does mold need to be disclosed?

Sellers are typically required to disclose any material facts about the home that could affect its value or safety. When it comes to mold, this includes: Existing Mold Problems: If there is any visible mold or if mold testing has confirmed its presence, this must be disclosed to the buyer.

Can you sue a home seller for undisclosed defects in Ohio?

California is clear about liability laws This means the buyers have three years to sue you if you failed to fully disclose issues or defects in your home before you sold it.

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What is the purpose of a property disclosure statement?

What happens if a seller lies on a disclosure in Ohio?

What do you have to disclose when selling a house in Ohio?

Is a property disclosure required in Ohio?

Do you have to disclose mold when selling a house in Ohio?

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Does mold need to be disclosed?

Can you sue a home seller for undisclosed defects in Ohio?

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