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Mandated DisclosuresSeller_property_disclosure_formMEDIUM

David is listing a farmhouse in rural Addison County, Vermont. The property relies on a private drilled well for drinking water and a mound septic system for wastewater disposal. His listing agent, Carol, explains that Vermont's seller disclosure form requires specific information about these systems. Which of the following items would David be required to disclose on the Vermont residential disclosure form regarding the property's water and wastewater systems?

Correct Answer

A) The type of water supply and wastewater system, and any known defects or malfunctions

The Vermont residential disclosure form, as required under 27 V.S.A. § 1154, specifically asks sellers to identify the type of water supply system (e.g., drilled well, dug well, municipal) and the type of wastewater disposal system (e.g., septic, mound system, municipal sewer), as well as any known defects or malfunctions in those systems. Given Vermont's rural character and prevalence of private wells and septic systems, this is a critical disclosure category unique to Vermont real estate practice.

Answer Options
A
The type of water supply and wastewater system, and any known defects or malfunctions
B
The names and license numbers of all contractors who previously serviced the systems
C
The appraised value of the well and septic system as separate components of the real property
D
The estimated monthly cost of municipal water and sewer service for the property

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Related Topics & Key Terms

Key Terms:

seller_disclosurewater_supplywastewater_systemprivate_wellseptic_system27_VSA_1154

Related Concepts

A property condition disclosure is a written statement by the seller detailing the known condition of the property, including defects, repairs, and issues with major systems. Most states require sellers to complete this form.

Protected classes are groups of people who are legally shielded from discrimination based on specific characteristics.

Radon disclosure involves informing buyers about the presence or potential presence of radon gas in a property. Radon is a naturally occurring radioactive gas that can accumulate in buildings and is the second leading cause of lung cancer.

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