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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 Missouri, a property disclosure statement is a document that a seller of real estate is typically required to provide to a prospective buyer. The purpose of this statement is to disclose any known material or significant defects with the property. Missouri law, specifically under Missouri Revised Statutes Section 339.730, mandates that sellers disclose information on various aspects of the property, including but not limited to the condition of the foundation, roof, plumbing, electrical systems, and the presence of any environmental hazards. The disclosure must be made in good faith and to the best of the seller's knowledge. If a seller knowingly withholds information about defects or problems, they could be held liable for fraud. However, Missouri is considered a 'caveat emptor' or 'buyer beware' state to some extent, which means that the buyer also has a responsibility to conduct due diligence and inspect the property. It is important for both buyers and sellers to understand their rights and obligations under Missouri law when it comes to property disclosures.

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Real property

property disclosure statement

Individual & Family Legal Plan

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Missouri State Code

Real property

property disclosure statement

Missouri State Code

Articles