Steven, an Ohio seller, is completing the Residential Property Disclosure Form. The form asks about the HVAC system. Steven knows the furnace is 20 years old and makes unusual noises but still functions. Under Ohio law, how should Steven answer?
Correct Answer
C) Disclose the furnace's age and the unusual noises as known conditions
Under ORC §5302.30, Steven must honestly disclose known conditions affecting the HVAC system. The furnace's age and unusual noises are relevant information that a buyer would want to know. Honest disclosure protects Steven from future liability.
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More Oh Disclosure Requirements Questions
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- → 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?
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Previous Question
Rachel, an Ohio seller, discloses on the Residential Property Disclosure Form that the home had a fire in the kitchen 5 years ago. She states the damage was fully repaired. After closing, the buyer discovers hidden fire damage in the walls behind the repaired area. Under Ohio law, what determines the seller's liability?
Next Question
Patricia, an Ohio seller, completes the Residential Property Disclosure Form. Two weeks later, she receives an updated form from her agent with new questions added. Under Ohio law, must Patricia complete the updated form?