Seller disclosure statement

In the United States, a seller disclosure statement is a form disclosing the seller's knowledge of the condition of the property. The seller disclosure notice or statement is anecdotal and does not serve as a substitute for any inspections or warranties the purchaser may wish to obtain. It also does not serve as a warranty of any kind.[1] Deliberate misrepresentation in the statement can result in liability.[2] Seller disclosure statements are not compulsory in New Mexico.[3]

See also

• Caveat emptor

References

1. "Seller's disclosure of property condition" (PDF). Archived from the original (PDF) on 2001-06-15.
2. David F. Hinkel. "Caveat Emptor and the Seller Disclosure Form" in Practical Real Estate Law. Seventh Edition. Cengage Learning. 2015. ISBN 9781285448633. Page 166.
3. New Mexico Real Estate Basics. Dearborn Real Estate Education. 2003. ISBN 9780793160570. Section 4.B.1 at page 42.

External links

• Federal Rules of Civil Procedure: Depositions and Discovery