Make Fillable Legal Tennessee Disclosures Forms For Free

Tennessee is what is known as a full disclosure state, meaning that the seller of residential property must disclose all known material defects to the buyer before or at the time an offer is made.

The disclosure form required in Tennessee is lengthy, detailed and comprehensive. Under the Act, a seller must disclose material defects of which the seller has knowledge. A seller is not required to disclose defects of which the seller is not aware.

What does Tennessee law say about disclosure? The Residential Property Disclosure Act in Tennessee Code Annotated § 66-5-201 to 210 requires most sellers of residential real estate to complete a disclosure statement. The disclosure statement lets the buyers know about the condition of the property.

Sellers are required to disclose the condition of the home, including any ?material defects.? What does ?material? mean? Generally, any fact or condition that might affect a Buyer's decision to purchase the home. Sellers are only required to disclose based on the information they have.

What does Tennessee law say about disclosure? The Residential Property Disclosure Act in Tennessee Code Annotated § 66-5-201 to 210 requires most sellers of residential real estate to complete a disclosure statement. The disclosure statement lets the buyers know about the condition of the property.

It asks about the condition of the roof, slab, insulation, sidewalk, plumbing and heating systems, and so on. It asks about hazardous materials, such as asbestos, radon, methamphetamine, and mold. It asks about structural problems, slippage, and rot.