The Rhode Island Multi-Unit Sales Disclosure is a form that sellers of properties with more than one residential unit use to share important information with buyers about the condition and operation of the building. It requires sellers to disclose any known problems or deficiencies involving the structure, major systems, utilities, rental units, income and expenses, and other features that may affect the property’s value or use. The purpose of this disclosure is to help buyers understand what they are purchasing and to prevent surprises after the sale. This form is required under Rhode Island General Laws Section 5-20.8-2, which requires sellers of residential real estate, including multi-unit properties, to provide a written disclosure of known defects before a purchase contract is signed.
How Can I Get a Copy of the "Rhode Island Multi-Unit Real Estate Sales Disclosure"?
We will provide you a copy of any Rhode Island disclosure form for free upon submitting a flat fee MLS listing through our website. We charge a low, one-time flat fee to list your home on the MLS.
Are There Any Exemptions to Providing the Disclosure?
Yes, please review the civil code for the most current list.
- Transfer pursuant to a court order, including, but not limited to, transfer ordered by a probate court in administration of an estate, transfer pursuant to a writ of execution, transfer by a trustee in bankruptcy, transfer by eminent domain, and transfer resulting from a decree for specific performance
- Transfer to a mortgagee by a mortgagor or pursuant to a foreclosure sale, or transfer by a mortgagee who has so acquired the real estate
- Transfer by a fiduciary in the course of the administration of a decedent’s estate, guardianship, conservatorship, or trust
- Transfer from one co-owner to one or more other co-owners
- Transfer made to a spouse, or to a person or persons in the lineal line of consanguinity of one or more of the transferors
- Transfer between spouses resulting from a decree of dissolution of marriage or a decree of legal separation or from a property settlement agreement incidental to that decree
- Transfer from any governmental entity
- Transfer of any new unoccupied dwelling unit from a builder or developer
- Transfer by a relocation company
- Transfer of title with no consideration
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