Environmental
Under New York law, a seller's disclosure obligation regarding environmental conditions on a property is addressed primarily through:
AThe Seller's Property Condition Disclosure Statement (PCDS)✓ Correct
BThe Environmental Impact Statement (EIS) required for all residential sales
CThe NY DEC Environmental Certificate issued at closing
DThe mortgage contingency clause
Explanation
New York's Property Condition Disclosure Act requires sellers of one-to-four family residential dwellings to complete and deliver a Property Condition Disclosure Statement (PCDS) to prospective buyers. The PCDS includes questions about known environmental conditions such as underground storage tanks, hazardous materials, and water quality issues.
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