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This form is a Seller's Disclosure Statement for use in a residential sales transaction in Rhode Island. This disclosure statement concerns the condition of property and is completed by the Seller.
Real Estate Disclosure Statement Form Form popularity
Rhode Island Disclosure Other Form Names
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Interesting Questions
The Rhode Island real estate disclosure form is designed to provide buyers with important information about the condition of the property they are purchasing.
The seller is responsible for completing the Rhode Island real estate disclosure form to the best of their knowledge.
The disclosure form covers a wide range of information including structural defects, water and plumbing issues, electrical systems, past repairs, environmental hazards, and more.
The seller is only required to disclose known material defects or issues that would significantly affect the property's value or desirability.
Yes, buyers have the option to waive their right to receive the disclosure form, but it is generally recommended to review the form to make an informed decision about the property.
If the seller intentionally provides false information on the disclosure form, they can be held liable for any damages incurred by the buyer as a result.
The buyer should receive the disclosure form as soon as reasonably possible, typically before making an offer on the property or during the negotiation stage.
Yes, the buyer has the right to request additional inspections or assessments based on the information provided in the disclosure form.
No, the disclosure form is not a substitute for a professional home inspection. It is important for buyers to hire a qualified home inspector to thoroughly assess the property.
If buyers have concerns about the information provided in the disclosure form, they should consult with their real estate agent or an attorney for guidance.
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