The bill amends South Dakota's property condition disclosure statement by adding questions specifically related to historical property. This addition aims to ensure that sellers provide potential buyers with relevant information regarding the historical aspects of the property, which may impact its value or desirability. The updated disclosure statement will still require sellers to affirm the accuracy of the information provided and to disclose any material changes prior to closing.

The bill maintains the existing structure of the disclosure statement while enhancing it with new inquiries about historical property. This change is intended to promote transparency in real estate transactions and protect buyers by ensuring they are informed about any historical significance that may affect their purchase decision. The overall intent is to create a more comprehensive disclosure process that includes important historical context alongside the property's physical condition.

Statutes affected:
Introduced, 01/30/2025: 43-4-44
Senate Commerce and Energy Engrossed, 02/06/2025: 43-4-44
Enrolled, 03/05/2025: 43-4-44