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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.

This is an amendment to the Purchase and Sale Agreement and therefore should be supplied to the Lender. Costs associated with Inspections and Repairs! All inspections are performed at the expense of the buyer unless otherwise specified in the Special Stipulations Paragraph.