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Oh Disclosure RequirementsOh_specific_disclosuresEASY

Wendy, an Ohio seller, improved her property by adding a new bathroom in the basement. The work was done by a licensed contractor with proper permits. Under Ohio disclosure law, should Wendy disclose this improvement?

Correct Answer

A) Yes, the improvement should be disclosed along with the permit information to demonstrate compliance

While a properly permitted improvement is positive, it should be disclosed on the Residential Property Disclosure Form along with the permit information. This demonstrates the work was done properly and builds buyer confidence. It also provides a record of changes to the property.

Answer Options
A
Yes, the improvement should be disclosed along with the permit information to demonstrate compliance
B
No, because properly permitted improvements do not need to be disclosed
C
Only if the improvement decreased the property's value
D
Only if the buyer's inspector discovers the improvement during inspection

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Related Topics & Key Terms

Key Terms:

property_improvementpermitted_workbathroom_additionohio_disclosures

Related Concepts

A material defect is a condition that significantly affects the value, desirability, or safety of a property and that would likely influence a reasonable buyer's decision to purchase or the price they would pay.

Megan's Law requires states to make information about registered sex offenders available to the public. Some states require real estate agents to inform buyers about the availability of sex offender registries.

Mold disclosure involves informing buyers about the presence of mold or conditions that are conducive to mold growth in a property. While no federal mold disclosure law exists, many states require disclosure of known mold issues.

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