Under the Tennessee Residential Property Condition Disclosure Act, which type of residential property is subject to the mandatory seller disclosure requirement?
Correct Answer
B) Residential property consisting of one to four units being sold by the owner
Under Tenn. Code Ann. § 66-5-201, the Tennessee Residential Property Condition Disclosure Act applies to the sale of residential real property consisting of not more than four dwelling units. The seller must complete the standardized TREC disclosure form revealing known material defects.
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