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House Co-Sponsorship Memoranda
House of Representatives
Session of 2021 - 2022
Regular Session
MEMORANDUM
| Posted: | March 2, 2021 02:53 PM |
|---|---|
| From: | Representative Tina M. Davis |
| To: | All House members |
| Subject: | Requiring the Disclosure of Rights-of-Way on Sellers Property Disclosure Statements |
| Purchasing a home can be the most important purchase consumers make in a lifetime. Typically, a prospective homeowner’s primary concern is with the condition of the property. However, they often fail to consider possible limitations that can affect the usage of the property. As a former realtor, I am all too familiar with the scenarios that can result from this oversight. For example, a buyer envisions installing a fence, but after closing on a home learns that constructing a fence is prohibited because it will block access to the property required by utility companies. Had the rights-of-way been previously disclosed, negotiations and the decision to purchase would surely have been impacted. As buyers rely heavily on the information provided on the seller’s property disclosure form, this is the perfect place to note such limitations. That being said, I will be re-introducing legislation that would add rights-of-way, easements, and access limitation to the list of required disclosures made by the seller on property disclosure statements. Prospective buyers have the right to understand the particular circumstances affecting a property. I hope you will join me in co-sponsoring this legislation. By requiring the disclosure of this crucial information, we can assist Pennsylvanians in making an informed decision when purchasing a home. |
Introduced as HB1459
Memo Updated: March 2, 2021 02:54 PM