Photo: yellow_man/Adobe Stock Caveat Emptor No More! Let the Seller Beware?
Irwin Izen shares his thoughts on an amendment to Article 14 of the NYS Real Property Law, also known as the Property Condition Disclosure Act, which takes effect on March 20.
March 19, 2024 at 10:00 AM
12 minute read
With the passage, in 2023 (to take effect this Wednesday, March 20, 2024) of an amendment to Article 14 of the NYS Real Property Law, more commonly known as the Property Condition Disclosure Act (herein as PCDA or the "ACT") the Legislature is once again attempting to meddle in how residential real estate transactions are handled. Only this time it (the Legislature) has succeeded. Caveat Emptor no more? Let the Seller Beware!
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