Under the New Hampshire Residential Property Disclosure Act (RSA 477:4-d), which of the following is a required disclosure item on the NH Residential Property Disclosure Form? Select the answer that does NOT belong among the items sellers are required to disclose.
Correct Answer
C) The seller's original purchase price and the profit the seller expects to make from the current sale
The NH Residential Property Disclosure Form under RSA 477:4-d requires sellers to disclose known material defects, water supply and sewage disposal information, and hazardous materials — all of which affect the property's condition and the buyer's use of it. However, the seller's original purchase price and expected profit are purely financial and personal matters that are NOT required disclosures under the NH Residential Property Disclosure Act. These figures are not material facts about the property's physical condition.
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Related Topics & Key Terms
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Related Concepts
A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
Many states and localities have fair housing laws that expand upon the protections offered by the federal Fair Housing Act.
A stigmatized property is one that has an undesirable reputation due to events that occurred on the property or nearby, such as a murder, suicide, alleged haunting, or proximity to a registered sex offender. The stigma is psychological, not physical.
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