MARYLAND RESIDENTIAL PROPERTY DISCLOSURE AND DISCLAIMER STATEMENT
Property Address: ______________________________________________________________________________________________
Legal Description: ______________________________________________________________________________________________
NOTICE TO SELLER AND PURCHASER
Section 10-702 of the Real Property Article, Annotated Code of Maryland, requires the seller of certain residential real property to furnish
to the purchaser either (a) a RESIDENTIAL PROPERTY DISCLAIMER STATEMENT stating that the seller is selling the property "as
is" and makes no representations or warranties as to the condition of the property or any improvements on the real property, except as
otherwise provided in the contract of sale, or in a listing of latent defects; or (b) a RESIDENTIAL PROPERTY DISCLOSURE
STATEMENT disclosing defects or other information about the condition of the real property actually known by the seller. Certain
transfers of residential property are excluded from this requirement (see the exemptions listed below).
10-702. EXEMPTIONS. The following are specifically excluded from the provisions of §10-702:
1. The initial sale of single family residential real property:
A. that has never been occupied; or
B. for which a certificate of occupancy has been issued within 1 year before the seller and buyer enter into a
contract of sale;
2. A transfer that is exempt from the transfer tax under §13-207 of the Tax-Property Article, except land installment
contracts of sales under §13-207(a) (11) of the Tax-Property Article and options to purchase real property under §13-
207(a)(12) of the Tax-Property Article;
3. A sale by a lender or an affiliate or subsidiary of a lender that acquired the real property by foreclosure or deed in lieu of
foreclosure;
4. A sheriff’s sale, tax sale, or sale by foreclosure, partition, or by court appointed trustee;
5. A transfer by a fiduciary in the course of the administration of a decedent’s estate, guardianship, conservatorship, or
trust;
6. A transfer of single family residential real property to be converted by the buyer into use other than residential use or to
be demolished; or
7. A sale of unimproved real property.
Section 10-702 also requires the seller to disclose information about latent defects in the property that the seller has actual knowledge of.
The seller must provide this information even if selling the property “as is.” “Latent defects” are defined as: Material defects in real
property or an improvement to real property that:
(1) A purchaser would not reasonably be expected to ascertain or observe by a careful visual inspection of the real property; and
(2) Would pose a direct threat to the health or safety of:
(i) the purchaser; or
(ii) an occupant of the real property, including a tenant or invitee of the purchaser.
MARYLAND RESIDENTIAL PROPERTY DISCLOSURE STATEMENT
NOTICE TO SELLERS: Complete and sign this statement only if you elect to disclose defects, including latent defects, or other
information about the condition of the property actually known by you; otherwise, sign the Residential Property Disclaimer Statement.
You may wish to obtain professional advice or inspections of the property; however, you are not required to undertake or provide any
independent investigation or inspection of the property in order to make the disclosure set forth below. The disclosure is based on your
personal knowledge of the condition of the property at the time of the signing of this statement.
NOTICE TO PURCHASERS: The information provided is the representation of the Sellers and is based upon the actual knowledge of
Sellers as of the date noted. Disclosure by the Sellers is not a substitute for an inspection by an independent home inspection company,
and you may wish to obtain such an inspection. The information contained in this statement is not a warranty by the Sellers as to the
condition of the property of which the Sellers have no knowledge or other conditions of which the Sellers have no actual knowledge.
How long have you owned the property? ___________________
Property System: Water, Sewage, Heating & Air Conditioning ( Answer all that apply)
Water Supply Public Well Other ____________
Sewage Disposal Public Septic System approved for ________(# bedrooms) Other Type
______________
Garbage Disposal Yes No
Dishwasher Yes No
Heating Oil Natural Gas Electric Heat Pump Age ____ Other ___________________
Air Conditioning Oil Natural Gas Electric Heat Pump Age ____ Other ___________________
Hot Water Oil Natural Gas Electric Capacity ___________ Age_____ Other ___________________