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Michigan requires sellers to use a standardized form for property disclosures, called the Seller Disclosure Statement, and sets forth the language for it within the actual law. (Mich. Comp. Laws Ann.
But, there are 12 states that are still considered \u201cnon-disclosure:\u201d Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah and Wyoming. In a non-disclosure state, transaction sale prices are not available to the public.
A disclosure form is a formal document that contains all the terms, conditions, assets, risks, and liabilities associated with a specific contract or agreement.
Certificates of occupancy are not required in New Jersey for all sales. A \u201ctemporary certificate of occupancy\u201d may be granted for a set time period to accomplish necessary repairs. A \u201ccertificate of transfer title\u201d is sometimes used to transfer ownership where a property fails the municipal inspection.
Kentucky law requires sellers of residential property to complete a property condition disclosure form. The Kentucky statute states that the disclosure form does not create a warranty by the seller.
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People also ask

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.
Agency Disclosure (§ 520-1-. 06(4)(b)) \u2013 No standardized form. Georgia law demands that licensees describe to both buyers and sellers the relationship established upon accepting representation by an agent.
Michigan law requires a seller of residential property to fill out a standardized form disclosing what he or she personally knows about the home, including any past issues and current imperfections. This form must be completed and returned to the buyer or buyer's agent prior to the completion of the sale.
Georgia doesn't have any statutes or regulations that require landlords to disclose high concentrations of mold in rental properties to prospective tenants or buyers.
Seller's disclosure requirements vary by state, but here are some of the common issues that standard disclosure forms address: Roof leaks or defects. Water leaks or previous flooding in the basement. Cracks or other defects in the foundation.

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