What is typically included in a property disclosure statement?

A property disclosure statement serves a critical role in real estate transactions by ensuring transparency between buyers and sellers. The primary aim of this document is to convey material facts about the property's condition. This includes any known issues or defects that could affect the value or safety of the property, such as problems with the roof, foundation, plumbing, electrical systems, or pest infestations. By including these details, sellers provide crucial information that helps buyers make informed decisions.

While aspects such as rental income details, lists of appliances, or sales timelines may be relevant to a transaction, they do not constitute the core elements typically found in a property disclosure statement. These other items may be addressed in different types of documents or discussions during a real estate transaction but are not the focus of what a property disclosure statement is designed to communicate.