Under RSA 477:4-d, the NH Residential Property Disclosure Form requires sellers to disclose information about several property conditions. Which of the following is NOT typically required to be disclosed on the NH Residential Property Disclosure Form?
Correct Answer
C) The seller's original purchase price paid for the property
The NH Residential Property Disclosure Form under RSA 477:4-d requires sellers to disclose known material defects, water supply type and condition, sewage disposal type and condition, hazardous materials, and other property conditions. The seller's original purchase price is not a required disclosure on the form — it is a financial/personal matter unrelated to property condition and is not mandated by RSA 477:4-d.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A time is of the essence clause in a contract means that all deadlines and dates specified in the agreement are strictly enforceable, and failure to meet them constitutes a material breach.
An appraisal contingency allows the buyer to cancel or renegotiate the contract if the property's appraised value comes in lower than the agreed-upon purchase price. This contingency protects buyers from overpaying.
An assignment of contract transfers one party's rights and obligations under a contract to a third party called the assignee. The original party, known as the assignor, transfers their contractual position to someone who was not originally part of the agreement.
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