Residential Property Condition Disclosure Statement - South Carolina

Residential Property Condition Disclosure Statement is a legal document that was released by the South Carolina Department of Labor, Licensing and Regulation - a government authority operating within South Carolina.

FAQ

Q: What is a Residential Property Condition Disclosure Statement?
A: A Residential Property Condition Disclosure Statement is a document that provides information about the condition of a residential property.

Q: Who is responsible for completing the Residential Property Condition Disclosure Statement?
A: The seller of the residential property is responsible for completing the Residential Property Condition Disclosure Statement.

Q: What information does the Residential Property Condition Disclosure Statement include?
A: The Residential Property Condition Disclosure Statement includes information about the property's systems, appliances, and potential defects or issues.

Q: Is the seller required to disclose all known defects or issues?
A: Yes, the seller is required to disclose all known defects or issues in the Residential Property Condition Disclosure Statement.

Q: Do buyers have the right to inspect the property before completing the purchase?
A: Yes, buyers have the right to inspect the property before completing the purchase and can use the information in the Residential Property Condition Disclosure Statement as a basis for inspection.

Q: What happens if a seller fails to provide a Residential Property Condition Disclosure Statement?
A: If a seller fails to provide a Residential Property Condition Disclosure Statement, the buyer may have legal recourse.

Q: Can a buyer waive the right to receive a Residential Property Condition Disclosure Statement?
A: Yes, a buyer can waive the right to receive a Residential Property Condition Disclosure Statement, but it is advisable to request one to have a clearer understanding of the property's condition.