Property Condition Disclosure Exemptions in Connecticut

Tip-of-the-Week:

The following situations are exempt from using the Property Disclosure Form (click here to view) per the State of Connecticut Real Estate Laws and Regulations section 20-327b:

"The following shall be exempt from the provisions of this section:
(1) Any transfer from one or more co-owners solely to one or more of the co-owners;
(2) transfers made to the spouse, mother, father, brother, sister, child, grandparent or grandchild of the transferor where no consideration is paid;
(3) transfers pursuant to an order of the court;
(4) transfers of newly-constructed residential real property for which an implied warranty is provided under chapter 827;
(5) transfers made by executors, administrators, trustees or conservators;
(6) transfers by the federal government, any political subdivision thereof or any corporation, institution or quasi-governmental agency chartered by the federal government;
(7) transfers by deed in lieu of foreclosure;
(8) transfers by the state of Connecticut or any political subdivision thereof;
(9) transfers of property which was the subject of a contract or option entered into prior to January 1, 1996; and
(10) any transfer of property acquired by a judgment of strict foreclosure or by foreclosure by sale or by a deed in lieu of foreclosure."

If you have any other questions about CT real estate laws or regulations please click here to view the State Of Connecticut Real Estate Laws and Regulations Concerning the Conduct of Real Estate Brokers And Salespersons.

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*The content within the "Tip-of-the-Week" is strictly for informational purposes and not intended to be interpreted and/or used as legal advice. Only Closings and OnlyClosings.com is a service provided by Tamara L. Peterson Attorney at Law LLC.