A Missouri property disclosure statement is a document that communicates a property’s condition, defects, and history to potential buyers. As Missouri upholds a “Buyer Beware” clause, sellers are not legally required to furnish the buyer with a property disclosure statement before transferring property, and the evaluation of a home is considered the buyer’s duty. The exception to this rule is if the property has served as a site for methamphetamine production, or if it hosts solid waste disposal grounds or a demolition landfill.
Additionally, while state statutes do not mandate disclosing a property’s condition, the Missouri Merchandising Practices Act (§ 407.020) indicates that material facts concerning sales may not be suppressed, and the seller cannot conceal or misrepresent information during a transaction.
Purchase Agreement – Before a property is transferred, the potential buyer must receive disclosures for whether any criminal activity related to methamphetamines has occurred on the premises or whether lead-based paint was used on the premises.