Environmental
In Hawaii, the Seller's Real Property Disclosure Statement requires sellers to disclose:
AA. Only defects that have been professionally inspected
BB. All known material defects and conditions affecting the property✓ Correct
CC. Only defects that have been repaired
DD. Defects only if the buyer specifically asks
Explanation
Hawaii's Seller's Real Property Disclosure Statement requires sellers to disclose all known material defects and conditions, including lava zones, flood zones, and physical defects.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
State-Specific Concepts
Disclosure Requirements
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