Seller's Disclosure of Real Property Condition Report - New Construction Only - Delaware

Seller's Disclosure of New Construction Only is a legal document that was released by the Delaware Department of State - Division of Professional Regulation - a government authority operating within Delaware.

FAQ

Q: What is the Seller's Disclosure of Real Property Condition Report?
A: The Seller's Disclosure of Real Property Condition Report is a document that discloses the condition of a property being sold by the seller.

Q: What does the report cover?
A: The report covers the condition of the property, including any known defects or issues.

Q: Does the report apply to new construction properties only?
A: Yes, this report specifically applies to new construction properties in Delaware.

Q: Why is the Seller's Disclosure of Real Property Condition Report required?
A: The report is required to provide transparency and protect buyers by disclosing any known issues with the property.

Q: Who is responsible for filling out the report?
A: The seller of the property is responsible for filling out the Seller's Disclosure of Real Property Condition Report.

Q: What happens if the seller fails to disclose a known issue?
A: If the seller fails to disclose a known issue, they may be held liable for any damages or legal issues that arise as a result.