Property Disclosure Statement Form - Hawaii

The Property Disclosure Statement Form in Hawaii is used to provide information about any known issues or defects with a property being sold. It helps buyers make informed decisions about purchasing the property.

In Hawaii, the property disclosure statement form is typically filed by the seller of the property.

FAQ

Q: What is a Property Disclosure Statement?
A: A Property Disclosure Statement is a document used in Hawaii to disclose any known information about the condition of a property.

Q: Why is a Property Disclosure Statement important?
A: A Property Disclosure Statement is important because it allows potential buyers to be aware of any known issues or defects with the property before making a purchase.

Q: What information is typically included in a Property Disclosure Statement?
A: A Property Disclosure Statement typically includes information about the property's structure, systems, and any known environmental hazards.

Q: Who is responsible for completing the Property Disclosure Statement?
A: The seller of the property is responsible for completing the Property Disclosure Statement.

Q: Is a Property Disclosure Statement required in Hawaii?
A: Yes, a Property Disclosure Statement is required in Hawaii for residential property sales.

Q: Are there any exemptions to the Property Disclosure Statement requirement?
A: There are exemptions for certain types of properties, such as new construction or properties sold by court order.

Q: What should a buyer do if they discover undisclosed issues after purchasing a property?
A: If a buyer discovers undisclosed issues after purchasing a property, they may have legal options depending on the circumstances. They should consult with an attorney.

Q: Can a seller be held liable for undisclosed issues after selling a property?
A: Yes, a seller can be held liable for undisclosed issues after selling a property, especially if they intentionally concealed or misrepresented information.

Q: Is a Property Disclosure Statement the same as a home inspection?
A: No, a Property Disclosure Statement is not the same as a home inspection. A home inspection is a separate process conducted by a professional inspector to assess the condition of a property.