Do I have to provide a seller’s disclosure notice?
09/08/2015 | Author: Editorial Staff
I'm selling a single-family investment property that I haven't seen in years. I have no knowledge of the property’s condition. Do I have to fill out a seller's disclosure?
Yes. The Texas Property Code requires a seller of residential real property comprising not more than one dwelling unit to provide a seller’s disclosure notice to the buyer. Although the Property Code does provide certain exceptions to this requirement, a seller never seeing or living in the property is not one of them. After all, knowledge of the property can come from sources other than a visual examination, such as complaints from tenants or reports from property managers. If a seller is unaware of any particular condition of the property, the seller can indicate that on the notice.
Failing to provide a completed seller’s disclosure notice to a buyer may entitle the buyer to certain remedies, like terminating the contract.
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Please email me the exemption covered in the Texas Property Code Sec. 5.008(e) 1-11. thank you.
Yes the Seller must complete a Seller’s Disclosure Notice regardless of if or not they have seen or lived in the property unless the Seller falls under one of the eleven exemption covered in the Texas Property Code Sec. 5.008 (e) 1-11.
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