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Mandated DisclosuresWater DamageMEDIUM

Water intrusion or past flooding must be disclosed:

Correct Answer

C) If the seller has knowledge of it, regardless of when it occurred

Sellers must disclose any known water intrusion, flooding, or water damage regardless of when it occurred or the extent of damage. This is a material fact that affects the property's condition.

Answer Options
A
Only if it occurred in the last year
B
Only if damage exceeded $5,000
C
If the seller has knowledge of it, regardless of when it occurred
D
Only if the property is in a flood zone
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Related Topics & Key Terms

Related Topics:

material-facts-disclosureseller-disclosure-requirementsproperty-condition-disclosures

Key Terms:

material fact disclosurewater intrusionseller knowledgecaveat emptorproperty condition disclosure
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