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The document is the Residential Property Disclosure Form required by the State of Ohio, which provides potential purchasers with information about known conditions affecting a residential property. It outlines the owner's obligations to disclose specific issues related to water supply, sewer systems, structural components, hazardous materials, and other relevant factors. The form emphasizes that it is not a warranty and encourages buyers to conduct their own inspections. Additionally, it includes sections for owner and purchaser signatures to acknowledge receipt and understanding of the disclosures.

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What is the most common disclosure in residential real estate?

What Are Common Examples of Real Estate Disclosures? Structural or mechanical issues. Natural or environmental hazards. Any history or evidence of asbestos. Any history or evidence of lead-based paint in a structure. Property line disputes. Any other information regarding the property that may be relevant.

Is a residential property disclosure required in Ohio?

Section 5302.30 | Property disclosure form required for all residential real property transfers. (A) As used in this section: (1) Good faith means honesty in fact in a transaction involving the transfer of residential real property.

Who can fill out the condition of the property disclosure form?

In some states, including California, your real estate agent is not legally allowed to help you fill out the form, so youll need to complete it on your own.

Is a residential property disclosure form required in Ohio?

This form is required by Ohio Revised Code Section 5302.30. PROFESSIONAL INSPECTION(S). Owners Statement: The statements contained in this form are made by the owner and are not the statements of the owners agent or subagent.

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.

ohio residential property disclosure form

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What is a residential property disclosure statement?

A property disclosure statement is an essential document that should be included in any real estate transaction. It can provide an accurate picture of the property and its condition and any potential liabilities that may come along with it. It can also help protect the buyer and seller from legal action.

Is Ohio a disclosure state?

The following states are currently non-disclosure states: Alabama, Alaska, Idaho, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Montana, New Mexico, North Dakota, Ohio, Oklahoma, South Dakota, Texas, Utah, and Wyoming.

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What is the most common disclosure in residential real estate?

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Is a residential property disclosure form required in Ohio?

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

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