“Flippers” of residential 1 to 4 properties must disclose recent repairs and renovations to the property in addition to all other existing disclosures.

Applies to properties that are resold within 18 months of closing. Standard TDS categories, exemptions and cancellation rights apply.
Applies to transactions if:
Residential 1 to 4 units, Seller accepts an offer within 18 months from the date that title to the property was transferred to seller and Renovations or repairs were performed by a contractor with whom the seller entered into a contract. Requires a seller to disclose to the buyer:
Any room additions. Structural modifications. Other alterations. Repairs. A copy of any permits if obtained.
(or if the seller contracted with a third party and was not provided with a copy of any permits, the seller may inform the buyer that the permits may be obtained through the third party and provide their contact information). These disclosures may alternatively be disclosed as a list as given by the contractor to the seller.
Additionally, where the cost of labor and materials was $500 or greater, the seller will disclose
The name of each contractor. The contact information of each contractor (as provided to the seller). When does this law go into effect? This law applies to the sale of a residential 1 to 4 unit property where the seller accepts an offer from a buyer to purchase the property on or after July 1, 2024.
TDS application, exemptions and cancellation rights: This disclosure comes within the Transfer Disclosure Statement law. It applies in the same circumstances as the TDS; it has the same exemptions; and it is subject to the same cancellation rights as the TDS and TDS-related disclosures.