CT HB05087

Commissioner of Consumer Protection must prescribe the form of the residential property condition disclosure report by January 1, 2013 (changed from April 1, 2010).

Disclosure report must include information on municipal assessments, leased items, village/historic district designations, environmental matters (lead, radon, sewage, flood hazards, well water testing), and criminal registry information availability.

New disclosure requirements added include common interest community dues or fees, underground storage tank history and removal documentation, smoke and carbon monoxide detector information, and awareness of pending litigation or government actions related to hazardous substance releases.

Disclosure form must include statements advising buyers to obtain professional home inspections, consult with municipal building officials about permits, and clarify that seller representations do not constitute warranties.

Sellers who fail to provide the disclosure report must credit the purchaser five hundred dollars at closing (increased from three hundred dollars).