A Massachusetts property disclosure statement is completed by a property owner and delivered to a potential buyer to report the real estate’s condition, defects, and hazards. A disclosure statement encompasses all aspects of a home, including but not limited to the zoning, construction, utilities, and rental information (if the property is a condominium or a similar residence). If the seller is unsure of any specific article within the disclosure form, they may omit their answer from the statement and complete the rest of the disclosure to the best of their ability.
Massachusetts observes caveat emptor (buyer beware), and property owners are not obligated to provide a statement on the property’s condition (except for dangerous material facts that may harm occupants). It is the buyer’s responsibility to perform their own inspection of the premises.
Purchase Agreement – Completing a property disclosure statement is optional for transfers of residential real estate in the state of Massachusetts. However, property sellers must provide disclosure forms for lead-based paint use (for property built pre-1978), and for septic tanks if the home is served by an underground sewage disposal system.