Environmental
An Arizona seller is aware of a leaking underground storage tank (UST) on the property. Under Arizona disclosure law, the seller:
AIs not required to disclose environmental contamination
BMust disclose this known material defect on the Seller's Property Disclosure Statement (SPDS)✓ Correct
COnly needs to disclose if the contamination exceeds EPA limits
DCan disclose it verbally without any written documentation
Explanation
Arizona's SPDS requires sellers to disclose all known material defects, including environmental hazards such as underground storage tanks and contamination. Failure to disclose known defects can result in rescission and liability.
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