Real Property Disclosure
When selling residential real property in Ohio, whether through a real estate agent or directly, the seller must provide the buyer with a Residential Property Disclosure Form, which is available here. In essence, the seller is required to disclose known existing defects to the property, and corrected defects.
There are a number of exceptions to the requirement of giving the form, including
- The sale from a decedent’s estate or trust.
- The sale to a tenant who has occupied the property for more than a year before purchase.
- If the seller has inherited the property and has not resided in the property for the year prior to the sale.
This list is not exhaustive.
Items of Interest