Environmental
Mold disclosure in NJ residential transactions is important because:
ANJ law specifically mandates a mold disclosure form separate from all others
BMold is a material defect that sellers must disclose on the NJ Seller's Disclosure Notice if known✓ Correct
CMold is covered by the RTF exemption
DOnly buyers of commercial properties need to inquire about mold
Explanation
While NJ does not have a standalone mold disclosure form, known mold conditions must be disclosed on the NJ Seller's Property Condition Disclosure Statement as a material defect that could affect the property's value and habitability.
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