The Arizona Disclosure Statement is a document used in real estate transactions in the state. The document is required by Arizona law and outlines the rights and responsibilities of the parties involved in the sale or lease of a residential property. It outlines the duties of the seller to disclose any material defects or information about the property that could affect the value of the home. It also outlines the duties of the buyer to inspect the property prior to closing and to provide a written response to any questions or concerns regarding the property. There are four types of Arizona Disclosure Statement, depending on the type of real estate transaction involved: 1. Seller’s Disclosure Statement: This statement outlines the seller’s material facts about the residential property for sale. 2. Residential Lease Disclosure Statement: This statement outlines the material information about the residential property for lease. 3. Short Sale Disclosure Statement: This statement outlines the information about a short sale transaction. 4. Foreclosure Disclosure Statement: This statement outlines the information about the property that has gone through foreclosure.