When does the Seller's Disclosure Act Apply?

The Seller's Disclosure Act (the "Act") applies to all transfers of interest in residential real property, including multi-unit residential properties of up to 4 units, including:

  • Sales
  • Exchanges
  • Land contract
  • Leases with option to purchase
  • Transfers of stock in a residential cooperative
  • Ground leases coupled with proposed improvements by purchaser
  • All other purchase options