Under the New Jersey Residential Property Condition Disclosure Act, which type of residential property sale triggers the seller's obligation to provide a Property Condition Disclosure Statement to prospective buyers?
Correct Answer
D) Residential real property consisting of one to four dwelling units
Under N.J.S.A. 46:3C-1 et seq., the New Jersey Residential Property Condition Disclosure Act applies to the sale of residential real property consisting of one to four dwelling units. Sellers of such properties must complete and deliver a Property Condition Disclosure Statement to prospective buyers before or at the time of signing a purchase contract.
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