Definition
A form on which a seller reports known material defects and conditions affecting a property.
Example
The disclosure statement noted a prior roof leak repaired in 2021 with documentation attached.
Related terms
- Abstract of Title
- Adverse Possession
- Affidavit of Title
- Certificate of Occupancy
- Chain of Title
- Cloud on Title
Frequently asked questions
What does Disclosure Statement mean in real estate?
A form on which a seller reports known material defects and conditions affecting a property.
How is Disclosure Statement used in practice?
The disclosure statement noted a prior roof leak repaired in 2021 with documentation attached.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.