|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2005 LAWS OF MARYLAND
|
|
|
|
|
Ch. 548
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(3) (II) The purchaser will be receiving the real property "as is", with
all defects, INCLUDING LATENT DEFECTS, that may exist, except as otherwise
provided in the contract of sale of THE real property.
[(d)] (E) (1) The residential property disclosure statement shall disclose
those items that, to carry out the provisions of this section, the State Real Estate
Commission requires to be disclosed about the physical condition of the property.
(2) The disclosure form shall include a list of defects, INCLUDING
LATENT DEFECTS, or information of which the vendor has actual knowledge in
relation to the following:
(i) Water and sewer systems, including the source of household
water, water treatment systems, and sprinkler systems;
(ii) Insulation;
(iii) Structural systems, including the roof, walls, floors, foundation,
and any basement;
(iv) Plumbing, electrical, heating, and air conditioning systems;
(v) Infestation of wood-destroying insects;
(vi) Land use matters;
(vii) Hazardous or regulated materials, including asbestos,
lead-based paint, radon, underground storage tanks, and licensed landfills;
(viii) Any other material defects [known to the vendor] OF WHICH
THE VENDOR HAS ACTUAL KNOWLEDGE; and
(ix) Whether the smoke detectors will provide an alarm in the event
of a power outage.
(3) The disclosure form shall contain:
(i) A notice to prospective purchasers and vendors that the
prospective purchaser or vendor may wish to obtain professional advice about or an
inspection of the property;
(ii) A notice to prospective purchasers that disclosure by the seller
is not a substitute for an inspection by an independent home inspection company, and
that the purchaser may wish to obtain such an inspection;
(iii) A notice to purchasers that the information contained in the
disclosure statement is the representation of the vendor and is not the representation
of the real estate broker or salesperson, if any; and
(iv) A notice to purchasers that the information contained in the
disclosure statement is not a warranty by the vendor as to:
1. The condition of the property of which the vendor has no
actual knowledge; or
- 3164 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
