Do I have to share an inspection report from a buyer who terminated the contract?
03/22/2016 | Author: TAR Legal Staff
My house was under contract with a buyer who just terminated the contract. She had an inspection done prior to termination, and she gave me her inspection report since she wanted to negotiate a few repairs. Now that I have the report, do I have to share it with prospective buyers?
Although you’re not required by law to provide the inspection report, you are legally required to disclose any information in it that pertains to material property defects. And whether you read it or not, you’re charged with information in the report. It’s a good idea to provide any prior inspection reports—including this one—that you are in possession of to prospective buyers. In fact, the TAR Seller’s Disclosure Notice (TAR 1406) instructs you to attach copies of any inspection reports you have from the last four years.
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