Select your state

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 Nevada, a property disclosure statement is a mandatory document that sellers of residential property must provide to prospective buyers. This document, often referred to as a Seller's Real Property Disclosure Form (SRPD), requires the seller to disclose any known material or significant defects with the property. The disclosure covers various aspects of the property, including but not limited to structural components, systems (electrical, plumbing, heating, etc.), appliances, and any other known conditions that might affect the property's value or desirability. The seller must complete the SRPD honestly and to the best of their knowledge. Failure to disclose known defects can lead to legal liability for the seller. Nevada law requires this disclosure to be made before the transfer of property, and the buyer has a statutory period, typically within a certain number of days after receipt of the disclosure, to review and address any concerns with the seller.

Legal Articles

State Statutes

Individual & Family Legal Plan

As a LegalFix member, you'll get expert legal services from a local law firm that treats you like an important client. Don't wait—be prepared for life's inevitable legal challenges starting today. And ask your employer, credit union, or membership group about preferred pricing opportunities.

Real property

property disclosure statement

Individual & Family Legal Plan

Articles

Nevada State Code

Nevada State Code

Articles

Real property

property disclosure statement