Nj form 140 disclosure 2025

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New Jersey does not require disclosure of psychologically disturbing facts, including and suicide. New Jersey does require disclosure if the death is intertwined with the physical condition of the home. An example would be death due to toxic mold. Death must also be disclosed if the buyer ask.
In most states, by law, you have to disclose any issues with the property. By not disclosing, you open yourself up to lawsuit.
New Jersey law requires sellers to disclose any known mold issues to potential buyers. This includes providing information about the presence of mold, its sources, and any remediation efforts undertaken. These regulations aim to prevent health hazards and unforeseen property problems by fully informing buyers.
If a seller intentionally provides false information in a disclosure filing, they could face legal repercussions, including lawsuits or financial penalties, depending on the situation. Buyers who find out that a seller lied on the disclosure form may be entitled to cancel the sale or pursue compensation.
Sellers must be transparent about any known issues that could affect the property, such as structural defects, water damage, or environmental hazards. Intentionally withholding material facts from buyers can result in lawsuits, financial penalties, and even the potential for the sale to be rescinded.
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As a result of these two laws, effective August 1, 2024: Sellers of residential property must complete the Disclosure Statement (questions 1 through 108). A copy of the Disclosure Statement is available here; and.

nj property disclosure form