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Disclosure

Disclosure Obligations

TermDefinition
0-bedroom Dwelling any residential dwelling in which the living area is not separated from the sleeping area.
Asbestos a mineral fiber which has been used in a variety of ways within the home, but generally as an insulator around plumbing. asbestos can be friable or non-friable, and may be hazardous to health.
Lead-Based Paint Hazard any condition that causes exposure from lead-contaminated dust, soil or paint that is deteriorated or present on accessible, friction, or impact surfaces that would result in adverse human health effects.
Misrepresentation any statement of fact by one person to another, either by words or actions, which is not in accordance with the actual facts.
Mold any of various fungous growths often causing disintegration of organic matter.
Radon Gas an odorless radioactive gas which may enter a home through cracks in the foundation or drains in the floor.
Real Estate Condition Report a report used by the seller to disclose to the buyer any known adverse facts.
Target Housing housing constructed prior to 1978, which under the lead-based paint disclosure law, requires a lead-based paint addendum included with the offer to purchase.
Underground Storage Tanks tanks used in the storage of fuel or heating oil for noncommercial purposes or consumptive use.
Created by: bunkiebaby
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