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.

In addition to the new questions about historical property, the bill maintains the existing structure and requirements of the disclosure statement, including sections on lot or title information, structural information, systems/utilities information, hazardous conditions, and miscellaneous information. The seller is still required to certify the truthfulness of the information provided and to encourage buyers to seek professional advice and inspections regarding the property's 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