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How to use or fill out New York State Property Disclosure Statement with our platform
- Click ‘Get Form’ to open the New York State Property Disclosure Statement in the editor.
- Begin by entering the 'Name of Seller or Sellers' and 'Property Address' at the top of the form.
- In the 'General Information' section, provide details such as how long you have owned and occupied the property, and the age of the structure.
- Proceed to answer questions regarding any claims on ownership, leases, or easements related to your property. Use 'NA' for non-applicable items and 'Unkn' for unknown answers.
- Move to the 'Environmental' section where you will disclose any hazardous substances or environmental concerns associated with your property.
- Continue through sections addressing structural integrity, mechanical systems, and services. Be thorough in noting any known defects or issues.
- Finally, review all entries for accuracy before signing. Ensure that both seller and buyer acknowledge receipt of this statement by signing at the end.
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Where can I get a property disclosure statement?
As others have mentioned, ask the listing agent, and in 99% of cases, they will be happy to provide you with a link to the disclosures - unless theres something unusual in them. One important thing to note is that I said listing agent, not the open house agent.
What are the exceptions to the property condition disclosure statement in NY?
Other required disclosures Beyond the condition of the property and environmental hazards, New York law requires sellers to disclose other pertinent information. This includes any zoning violations, restrictions, and whether the property is in a flood zone.
Is a property disclosure statement required in NY?
Law 460-467). It requires home sellers to make certain disclosures about material defects in the property or pay a credit of $500 to the home buyer at closing. Many if not most home sellers in New York actually opt not to complete the statement, and instead pay the credit.
What needs to be disclosed when selling a house in NY?
Can the sellers agent or real estate broker complete the Property Condition Disclosure Statement? No. The seller is required to complete the PCDS based on the sellers actual knowledge.
What is the new property disclosure law in NY?
New York State Real Property Law Article 14 (the Property Condition Disclosure Act) has been amended. Effective July 1, 2025, a revised Property Condition Disclosure Statement (PCDS) is required. This updated form slightly changed the existing PCDS by adding information regarding the Department of Health (see item No.
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People also ask
What changed recently in New York regarding the property condition disclosure statement?
Property Condition Disclosure Statement Changes On March 20th, 2024, a law requiring the full disclosure of the condition of the property took effect. This document, the Property Condition Disclosure Statement (PCDS) requires sellers to provide to buyers full disclosure of the condition of their property.