Environmental
In Ohio, the presence of 'clandestine lab contamination' (methamphetamine production) in a home is:
ANot a material fact that must be disclosed
BA material fact that sellers should disclose and may require specialized cleanup before re-occupancy✓ Correct
CAutomatically disclosed by the county health department
DOnly relevant for commercial properties
Explanation
Methamphetamine lab contamination involves toxic chemicals that can remain in surfaces and require professional cleanup. It is a material fact that affects health and safety, value, and habitability.
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Key Terms to Know
Appraisal
A professional estimate of a property's market value prepared by a licensed or certified appraiser.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
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