The bill amends South Dakota's property condition disclosure statement by requiring the inclusion of specific questions regarding historical property. The revised legal language mandates that the disclosure form must include designated spaces for the property address at the top of each page and for the seller and buyer to initial at the bottom of each page. Additionally, the bill clarifies that the disclosure is not a warranty of any kind and emphasizes the importance of seeking professional advice and inspections regarding the property's condition.

Furthermore, the bill updates the reference to the relevant South Dakota law from "South Dakota law" to "SDCL" 43-4-38, ensuring that the legal framework governing the disclosure is clearly identified. The changes aim to enhance transparency in real estate transactions by ensuring that sellers provide comprehensive information about the property's condition, including any historical aspects that may affect its value or desirability.

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