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?
Correct Answer
C) The private road easement, the shared maintenance agreement, the cost-sharing arrangement, and the other participating property owners
The private road easement and shared maintenance arrangement are material conditions that affect the buyer's ongoing obligations and costs. Complete disclosure includes the easement, the cost-sharing arrangement, and the other participating owners.
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