What should be included in a property's disclosure statement?

A property's disclosure statement serves a critical function by providing potential buyers or tenants with essential information about the property. This includes details regarding the condition of the property and any known issues that could affect its value, safety, or livability. By including this information, the disclosure statement helps ensure transparency and allows prospective occupants to make informed decisions.

The details about property condition, such as past repairs, structural issues, or any environmental hazards, are particularly important for ensuring that the buyer or tenant understands what they may be getting into. This not only protects the interests of the tenant or buyer but also reduces liability for the seller or landlord, as full disclosures can help prevent future legal disputes.

While other choices may provide useful information, they do not fulfill the primary purpose of a disclosure statement. For instance, marketing information, rental history, and average utility costs might be relevant for promoting the property or informing prospective tenants, but they do not address the essential need for transparency regarding the property's condition.