property disclosure

Property disclosure is a legal process where a seller provides potential buyers with information about the property's condition and any known issues or defects. This ensures transparency and helps buyers make informed decisions. The disclosures typically include details about structural problems, past repairs, environmental hazards, and other relevant factors that could affect the property's value or safety. By law, sellers are usually required to disclose any known issues, and failure to do so can lead to legal complications. Essentially, property disclosure promotes honesty in real estate transactions and protects both parties by clarifying the property's history and conditions.