Residential Property Condition Disclosure
Definition of term
When you buy a residential property, the seller is required to provide you with a residential property condition disclosure (PCD). The PCD helps you make an informed decision about whether to buy the property. This document contains information about the property's condition, including any known defects or problems. It is important to note that the seller is not required to disclose any information they are unaware of so it is still important to get a home inspection.