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?
Correct Answer
D) Mark the question as 'Unknown' and note the repair from 3 years ago
The Ohio Residential Property Disclosure Form allows sellers to mark items as 'Unknown' when they genuinely do not know the current condition. Jennifer should mark the roof condition as 'Unknown' and disclose the fact that a repair was made 3 years ago. This provides the buyer with the information Jennifer does know.
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More Oh Disclosure Requirements Questions
An Ohio property is in a township that has recently enacted a point-of-sale inspection requirement for residential property transfers. The seller was not aware of this new requirement. Under Ohio practice, whose responsibility is it to ensure compliance with local point-of-sale requirements?
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An Ohio property has a private road easement that requires the property owner to share maintenance costs with 4 other property owners. Under Ohio disclosure law, what must the seller disclose?
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- → Tom, an Ohio seller, asks whether he must disclose that the property has a sump pump in the basement. Under Ohio disclosure practice, which statement is correct?
- → Kevin, an Ohio first-time seller, asks whether he must disclose that his property is connected to the municipal sewer system. Under Ohio disclosure practice, which statement is correct?
- → Nancy, an Ohio buyer, is purchasing a property and asks about environmental assessments. Her agent explains the different phases. Under Ohio environmental practice, what is the purpose of a Phase I Environmental Site Assessment?
- → Sara, an Ohio buyer, asks her agent whether she should conduct an environmental assessment before purchasing a residential property in a suburban neighborhood. Under Ohio practice, when is an environmental assessment typically recommended?
- → Lisa, an Ohio seller, discovers that her property's drinking water has high iron content, causing staining of fixtures. The water is safe to drink but cosmetically unpleasant. Under Ohio disclosure law, must Lisa disclose this?
- → Christine, an Ohio seller, knows her property contains asbestos floor tiles in the basement. The tiles are in good condition and undamaged. Under Ohio disclosure law, must Christine disclose the asbestos?
- → Emily, an Ohio buyer, is purchasing a property near a former landfill. She asks her agent about potential environmental concerns. Under Ohio practice, what should the agent advise?
- → Roger, an Ohio seller, asks his agent whether mold is considered an environmental hazard that must be disclosed. Under Ohio disclosure practice, which statement is correct?
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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?
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Under ORC §5302.30, certain property transfers are exempt from the Ohio Residential Property Disclosure Form requirement. All of the following transfers are exempt EXCEPT: