Environmental
A Connecticut seller knows that a former dry cleaner once operated in the building 30 years ago. Under Connecticut's Transfer Act and property disclosure requirements, the seller should:
ASay nothing since it was 30 years ago
BDisclose this information on the Property Condition Disclosure Report and consult an environmental attorney about Transfer Act obligations✓ Correct
COnly disclose if the buyer is a business
DDisclose only to the buyer's lender
Explanation
Past commercial use involving chemicals is a material fact that should be disclosed. The Transfer Act may also be triggered, requiring environmental investigation even for older contamination.
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