Do I have to fill out a seller’s disclosure on an investment property?

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05/05/2015 | Author: Legal Staff

I'm selling a rental house that I haven’t seen in 10 years. My property manager takes care of it for me. Instead of filling out a seller’s disclosure notice, can I provide a statement that I haven't seen the property in years and don't know its condition?

No. You are required to provide a seller’s disclosure notice, which discloses what you know about the property. The fact that you haven’t seen the property in 10 years doesn’t exempt you from this notice requirement. Knowledge about the property can come from sources other than a visual examination, such as complaints from tenants or reports from your property manager.

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Categories: Sellers
Tags: landlord, seller's disclosure, sellers, legal


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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

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