In Ohio, which properties are exempt from the Property Disclosure Law?
Question & Answer
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Condominiums
Condominiums are not exempt from Ohio's Property Disclosure Law. In fact, they have specific disclosure requirements that differ from single-family homes, making this option incorrect.
New construction sold by a builder who did not occupy it
Properties over 50 years old
Property age is not a determining factor for exemption under Ohio law. Both new and older properties are generally subject to disclosure requirements unless they fall under another specific exemption.
Properties under $100,000
Property value is not a factor in determining disclosure exemptions in Ohio. The law applies regardless of sales price, making this option incorrect.
Why is this correct?
New construction sold by a builder who never occupied the property is exempt because Ohio's Property Disclosure Law recognizes that builders have different disclosure obligations under other regulations, and the property's condition is evident from its new status.
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