Kentucky Seller Disclosure
Free Kentucky Seller's Disclosure of Property Condition Generator
Create a comprehensive Kentucky Seller's Disclosure of Property Condition (KREC Form 402) in minutes. Under KRS 324.360, sellers of residential property are required to provide a completed disclosure statement before a binding purchase agreement is signed. This free online generator walks you through every category required by the Kentucky Real Estate Commission — including house systems, building structure, roof, land & drainage, water/sewer, HOA matters, hazardous conditions, and more.
Property Information
Enter the details about the property to generate an accurate Kentucky Seller's Disclosure of Property Condition statement. This information will appear at the top of your KREC Form 402 document.
Review & Generate Your Kentucky Disclosure
You've answered all 13 sections of the Kentucky Disclosure Questionnaire. Here's a quick summary before generating your KREC Form 402 document.
Your Kentucky Seller's Disclosure of Property Condition
Your Kentucky Seller's Disclosure of Property Condition (KREC Form 402) is ready. Print it or save as a PDF for your transaction. Kentucky law (KRS 324.360) requires delivery of this disclosure before a binding contract is signed.
Frequently Asked Questions About Kentucky Seller Disclosure
What is a Kentucky Seller's Disclosure of Property Condition?
The Kentucky Seller's Disclosure of Property Condition (KREC Form 402) is a mandatory disclosure form required under KRS 324.360. Sellers of residential real property with one to four dwelling units must provide a completed disclosure statement to the buyer. It covers 13 categories including the property's systems, structure, roof, land, boundaries, water/sewer, HOA matters, hazardous conditions, and more.
Is a seller disclosure required in Kentucky?
Yes, Kentucky is a mandatory disclosure state. Under KRS 324.360, sellers of residential real property are required to complete and deliver a Seller's Disclosure of Property Condition to the buyer. The disclosure must be provided before the buyer signs a binding purchase agreement. Failure to comply may result in legal liability.
What are the categories on the Kentucky disclosure form?
The Kentucky disclosure form (KREC Form 402) covers 13 categories: preliminary disclosures (occupancy history, rental use, vacancy), house systems (plumbing, electrical, appliances, fans, security, sump pump, fireplace, pool, sprinkler, heating, cooling, water heater), building structure (foundation, walls, floors, basement leaks, wood infestation), roof (age, leaks, repairs, replacement), land & drainage (soil stability, flooding, erosion), boundaries (surveys, encroachments, easements), water supply, sewer system, construction & remodeling, HOA, hazardous conditions (lead paint, radon, mold, meth, USTs), and miscellaneous (legal actions, fire damage, pets, historic district).
How do I fill out a Kentucky seller disclosure form?
To fill out a Kentucky Seller's Disclosure of Property Condition, start by entering the property address and seller information. Then work through each of the 13 disclosure categories — preliminary info, house systems, building structure, roof, land/drainage, boundaries, water, sewer, construction, HOA, hazardous conditions, and miscellaneous items — selecting Yes, No, Unknown, or N/A for each item. After completing all sections, add any additional comments and generate a print-ready document with signature blocks.
What is KRS 324.360?
KRS 324.360 is the Kentucky statute that requires sellers of residential real property to provide a written disclosure statement to the buyer. The Kentucky Real Estate Commission (KREC) prescribes the form (KREC Form 402). The seller must disclose all known material defects. The disclosure is based on the seller's actual knowledge and is not a warranty. The buyer is encouraged to obtain professional property inspections before purchase.
What happens if a seller fails to disclose in Kentucky?
Under Kentucky law, if a seller knowingly fails to disclose a known material defect, the buyer may have legal recourse including damages and potential rescission of the sale. Sellers should complete the disclosure honestly and thoroughly. The disclosure form includes an option for sellers who choose not to complete the form, but this may raise concerns for buyers. It is recommended to consult a qualified Kentucky attorney for specific legal guidance.
