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Residential Property Disclosure Act Case Study

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Residential Property Disclosure Act Case Study
The Residential Property Disclosure Act in Tennessee Code Annotated §66-5-201-210 requires most sellers of residential real estate to complete a disclosure form. The disclosure let the buyer know about the condition of the property. Failure to disclose information can result in the canceling of a contract and be the basis for legal action. Sellers must report any known defects or malfunctions of structural or mechanical components.
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