Under the Mississippi Seller Disclosure Act, when must a seller of residential real property (1-4 units) provide the written property condition disclosure statement to a prospective buyer?
Correct Answer
A) At or before the time the parties enter into a purchase agreement
Under Miss. Code Ann. §89-1-503, the seller of residential real property consisting of 1 to 4 dwelling units must deliver the written property condition disclosure statement to the buyer prior to or at the time of entering into a purchase agreement. This timing requirement ensures the buyer has the disclosure information before becoming contractually bound.
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