contracts

Real Estate Seller Disclosure Law (Pennsylvania)

Pennsylvania's Real Estate Seller Disclosure Law requires most sellers of residential property with one to four units to give buyers a signed, dated property disclosure statement on the Commission's form before the agreement of transfer is signed. Sellers must disclose known material defects but need not investigate, and must notify the buyer if information becomes inaccurate before settlement. It is not a warranty. Failure to comply does not invalidate the transfer, and suits for actual damages must be filed within two years after final settlement.