What disclosure must be made when selling property with known defects?

Prepare for the Texas Contract Law Exam. Study with engaging multiple choice questions, each with explanations. Get ready to excel in your Texas Contract Law Exam!

When selling property in Texas, it is essential to provide a written seller's disclosure notice that details any known defects in the property. This requirement is established under Texas Property Code § 5.008, which mandates that sellers of residential real estate disclose known material defects that could affect the property's value or desirability. The written seller's disclosure notice is designed to ensure transparency between the seller and the buyer, allowing the buyer to make an informed decision regarding the purchase.

By using this written document, sellers fulfill their legal obligation to disclose relevant information about the property, and it protects both parties by reducing the likelihood of future disputes related to undisclosed defects. The written nature of the disclosure also serves as a record that the seller has acknowledged their responsibility to inform the buyer of any known issues.

Ultimately, this requirement underscores Texas's commitment to fair dealings in real estate transactions, fostering trust and confidence in the marketplace.

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