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CT SB00112
Bill
Status
2/13/2020
Primary Sponsor
Planning and Development Committee
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AI Summary
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Requires sellers of real property to disclose on residential condition reports whether a dam or similar structure capable of impounding or controlling water flow is located on the property, effective July 1, 2020.
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Mandates sellers to answer whether the dam or similar structure has a known hazard classification, has been inspected or had an emergency action plan prepared, and whether any obligations relating to the dam would pass to the buyer.
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Specifies residential condition report templates must fit on standard 8.5" x 11" pages with 9-point minimum type size, include property address and page numbers on each page, and contain buyer and seller initials on all pages except the signature page.
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Establishes that seller representations on the condition report do not constitute a warranty to the buyer and clarifies the report is not a substitute for professional inspections and tests.
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Adds new disclosure questions to the "General Information" section of the condition report, including questions about flood hazard areas, inland wetlands, easements, encroachments, land use restrictions, and common interest community fees.
Legislative Description
An Act Concerning The Disclosure Of Dams And Similar Structures By Sellers Of Real Property.
Last Action
Filed with Legislative Commissioners' Office
3/2/2020