Mark, an Ohio seller, is selling a rental property he has never lived in. His agent asks whether the Ohio Residential Property Disclosure Form is required. Under ORC §5302.30, which statement is correct?
Correct Answer
C) The disclosure form is not required because ORC §5302.30 applies only to owner-occupied residential properties
ORC §5302.30 requires the Residential Property Disclosure Form only for the sale of owner-occupied residential property. Since Mark never lived in the rental property, the statutory disclosure form is not required. However, the seller still has a common law duty not to conceal known material defects.
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Previous Question
Sarah, a seller in Ohio, is preparing to list her owner-occupied single-family home. Her listing agent informs her of Ohio's disclosure requirements. Under ORC §5302.30, what form must Sarah complete?
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Jennifer, an Ohio seller, is completing the Residential Property Disclosure Form. The form asks about the condition of the roof. Jennifer had the roof repaired 3 years ago but is unsure of its current condition. Under Ohio law, how should Jennifer answer?