James is purchasing a condominium in New Haven. The seller's agent delivers the Residential Property Condition Disclosure Report to James after he has already signed the purchase and sale agreement. Under CGS § 20-327b, what is James's most likely remedy in this situation?
Correct Answer
A) James may rescind the contract within three days of receiving the disclosure report
Under CGS § 20-327b, if the seller fails to deliver the Residential Property Condition Disclosure Report before the purchase contract is signed, the buyer has the right to rescind the contract within three days of receiving the report. This rescission right is the statutory remedy designed to protect buyers who did not receive timely disclosure.
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Maria is selling her single-family home in Hartford. Her listing agent, Tom, explains that Connecticut law requires her to complete a specific written form before any purchase contract can be signed. What is this form called?
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Sandra is selling a duplex she inherited in Bridgeport. She has never lived in the property and has no personal knowledge of its condition. Under Connecticut's Residential Property Condition Disclosure Act, how should Sandra handle the disclosure report?