Seller Disclosure
/ˈsɛlər dɪsˈkloʊʒər/
Definitions
- (n.) A legal obligation of a seller to provide potential buyers with material facts about a property's condition or legal status.
The seller disclosure revealed prior water damage in the basement.
- (n.) A formal document or statement completed by the seller disclosing known defects or issues about real estate.
Before closing, the buyer reviewed the seller disclosure form carefully.
Forms
- seller disclosure
- seller disclosures
Related terms
Commentary
Seller disclosures vary by jurisdiction but generally aim to protect buyers by mandating transparency; drafters should tailor disclosure forms to local legal requirements and clearly define the scope of disclosures.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.