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Real property

property disclosure statement

A property disclosure statement is a written document provided by a seller of real property to the prospective buyer stating that the property has a material or significant problem or defect and disclosing the nature of the problem or defect—or stating the seller is unaware of any such problems or defects.

In Kansas, a property disclosure statement is a legal document that a seller of real property is typically required to provide to a prospective buyer. This document discloses material facts about the property's condition, including any known defects or problems that could affect the property's value or desirability. The Kansas Residential Real Estate Sale Contract often includes provisions for the seller to complete a Seller's Property Disclosure Statement. This statement covers various aspects of the property, such as structural, mechanical, environmental issues, and any other material defects. The seller must disclose known issues in good faith, but they are not generally obligated to conduct investigations to discover unknown problems. If a seller intentionally withholds known defects, they could be held liable for fraud. It is important for buyers to review this disclosure carefully and consider obtaining professional inspections for a more thorough assessment of the property's condition.

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Real property

property disclosure statement

Individual & Family Legal Plan

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Kansas State Code

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Real property

property disclosure statement

Kansas State Code