Seller's Statement of Exclusion From Completing the Property Condition Disclosure Statement (Pcds) - Mississippi

Seller's Statement of Exclusion From Completing the Property Condition Disclosure Statement (Pcds) is a legal document that was released by the Mississippi Real Estate Commission - a government authority operating within Mississippi.

FAQ

Q: What is a Property Condition Disclosure Statement (PCDS)?A: A PCDS is a document that sellers in Mississippi are required to complete, providing information about the condition of the property.

Q: Under what circumstances can a seller exclude themselves from completing the PCDS?A: Sellers can exclude themselves from completing the PCDS if the property is being sold as part of a foreclosure, estate, or bankruptcy sale, or if the seller has never occupied the property.

Q: Are sellers required to provide a PCDS if they have excluded themselves?A: No, sellers who have excluded themselves are not required to provide a PCDS to buyers.

Q: What happens if a seller provides false information on the PCDS?A: If a seller provides false information on the PCDS, they may be held liable for any damages caused to the buyer as a result of the false information.

Q: Is the exclusion from completing the PCDS permanent?A: No, the exclusion from completing the PCDS only applies to the current sale of the property. If the seller decides to sell the property in the future, they may be required to complete a PCDS.