A property in Syracuse was the site of a drug-related shooting two years ago. The bullet holes have been repaired, but local residents still remember the incident. Under New York law, what disclosure obligations exist regarding this property?
Correct Answer
A) No disclosure is required since the shooting is a stigmatizing event protected under New York law
Under New York Real Property Law Article 12-A, the drug-related shooting is considered a stigmatizing event that does not require disclosure. Even though it was criminal activity, it falls under the protection for crimes that occurred on the property, regardless of the type of crime or community memory of the event.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
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