Maryland Residential Property Disclosure and Disclaimer Statement - Maryland

Maryland Residential Property Disclosure and Disclaimer Statement - Maryland

Maryland Residential Property Disclosure and Disclaimer Statement is a legal document that was released by the Maryland Department of Labor - a government authority operating within Maryland.

FAQ

Q: What is the Maryland Residential Property Disclosure and Disclaimer Statement?
A: The Maryland Residential Property Disclosure and Disclaimer Statement is a document that sellers of residential properties in Maryland must provide to buyers.

Q: What does the disclosure statement include?
A: The disclosure statement includes information about the condition of the property, including any known defects or issues.

Q: Who is responsible for completing the disclosure statement?
A: The seller is responsible for completing the disclosure statement and providing it to the buyer.

Q: What happens if the seller fails to provide the disclosure statement?
A: If the seller fails to provide the disclosure statement, the buyer may have legal remedies available, such as the right to terminate the contract.

Q: Are there any exemptions to the disclosure requirement?
A: Yes, certain types of properties, such as newly constructed homes and properties sold in foreclosure, may be exempt from the disclosure requirement.

Q: Can the buyer rely solely on the disclosure statement?
A: No, the buyer is encouraged to conduct their own inspections and due diligence to assess the condition of the property.

Q: What should the buyer do if they discover undisclosed defects after purchasing the property?
A: If the buyer discovers undisclosed defects after purchasing the property, they may have legal recourse against the seller for compensation.

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Form Details:

  • Released on July 31, 2018;
  • The latest edition currently provided by the Maryland Department of Labor;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Maryland Department of Labor.

Download Maryland Residential Property Disclosure and Disclaimer Statement - Maryland

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