Required Disclosures
Homeowners’ Association (§ 32-21-5-8.5) – If the property being sold falls under the rules and regulations of a Homeowners’ Association, the seller is legally obliged to supply the prospective buyer with all governing documents pertaining to the organization.
Lead-Based Paint Disclosure (42 U.S. Code § 4852d) – Required nationwide for residential real estate transactions involving a structure that was built before 1978, this disclosure insists that the seller provides documentation to the home purchaser concerning any known details about the presence of lead within the dwelling. This should also be accompanied by an informational packet educating readers of the possible risks of coming into contact with the hazardous material.
Seller’s Residential Real Estate Sales Disclosure (Form 46234) (§ 32-21-5-10) – Prior to accepting the prospective buyer’s offer, the seller is legally responsible to furnish them with a completed copy of the aforementioned disclosure form which records various inquired material facts/defects regarding the property that will be under contract.
Realtor Version
Indiana Association of Realtors – PDF
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