The New Jersey Division of Consumer Affairs publishes a property condition disclosure form, the purpose of which is to disclose, to the best of Seller's knowledge, the condition of the Property, as of the date completed.
The seller is under an obligation to disclose any known material defects in the property, even if not addressed in the property condition disclosure form. Note that if you are submitting a flat fee MLS listing through our website, we will need this form completed.
How can I get a copy of the property disclosure statement?
We will provide you a copy of the current disclosure form published by the New Jersey Realtors for free upon submitting a flat fee MLS listing through our website.
The original version of the disclosure can be found here, though the document may not be up to date with current law.
What types of property is the disclosure statement used for?
Houses, condos, co-ops, multi-family, mixed-use, and commercial property. You would still want to disclose material facts for other property types (e.g. vacant land).
What if I am an Executor / Administrator / Trustee and have no knowledge of the property?
There is a section on the disclosure to sign and note that you lack the knowledge to complete the disclosure statement.
Comments
2 comments
I am an executor of my Brothers Estate who owned this Property and have very little knowledge of the property? I lack the knowledge to fill out the disclosure statement.
Sten Johan Wahlström
The Excecutor appointed by the court of my Brothers (Curt Gunnar Wahlströms) Estate
There is a section on the disclosure to sign and note that you lack the knowledge to complete the disclosure statement.
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