Selling Your Home or Condo? Know the Fine Print Disclosures on Bed Bugs

Selling Your Home, Make Sure You Know What to Say About Bed Bugs
Selling Your Home or Condo? Know the Fine Print Disclosures on Bed Bugs

An urban epidemic – as bed bug problems continue to proliferate, these pests have made their way into co-op and condominium contracts. A recent new New York State law requires landlords to disclose past bed bug infestations prior to rental. However, there has been confusion in the real estate sales industry over disclosure requirements, and the NJ bed bug control experts at Stern want you to be aware of the new legal requirements.

NY State’s Division of Housing and Community Renewal Requires Sales Disclosure

The division’s form includes a checklist, clearly stating whether bed bugs have been detected on home/condo premises, and whether eradication measures have been taken. There is currently no penalty for non-compliance, though buyers who aren’t given a disclosure can file a complaint. Nancy Peters, a spokeswoman for the division, clarified that renters and buyers of apartments, homes, condos, and co-ops must follow this law in real estate transactions.

Bed Bug Disclosures Already a Part of Many Negotiations

Home buyers are more commonly requiring bed bug disclosures as part of negotiations, with ‘bed bug riders’ added to contracts requiring the signature of sellers. Stipulating, “The seller has no knowledge of the existence or presence of bed bugs in the unit either currently or in the past,” which makes sellers legally responsible for omissions.

NJ bed bug control measures falling short? Eradicate bed bugs for good with the help of Stern Environmental today.