Property Description (Address, City, State, Zip)
RPDI Rev. 1/1/20 BUYER’S Initials: _____ _____ SELLER’S Initials: _____ _____ Page 1 of 7
PROPERTY DISCLOSURE DOCUMENT
In accordance with LSA-R.S. 9:3196-3200, a SELLER of residential real property must furnish BUYERS with a
Property Disclosure Document. A complete copy of these statutes can be found at www.legis.la.gov. The
required Property Disclosure Document may be in the form promulgated by the Louisiana Real Estate
Commission (“Commission”) or in another form that contains substantially the same information. The
Commission form can be found at www.lrec.state.la.us.
RIGHTS OF BUYER AND CONSEQUENCES FOR FAILURE TO DISCLOSE: If the Property Disclosure
Document is delivered after the BUYER makes an offer, the BUYER can terminate any resulting real estate
contract or withdraw the offer for up to 72 hours after receipt of the Property Disclosure Document. This
termination or withdrawal will be without penalty to the BUYER and any deposit or earnest money must be
promptly returned to the BUYER (despite any agreement to the contrary).
DUTIES OF REAL ESTATE LICENSEES AND CONSEQUENCES FOR FAILURE TO FULFILL SUCH
DUTIES: Louisiana law requires real estate licensees to inform their clients of those clients’ duties and rights in
connection with the Property Disclosure Document. Failure to inform could subject the licensee to censure or
suspension or revocation of their license, as well as fines. The licensee is not liable for any error, inaccuracy,
or omission in a Property Disclosure Document, unless the licensee has actual knowledge of the error,
inaccuracy, or omission by the SELLER.
• Residential real property or property is real property consisting of one or not more than four residential
dwelling units, which are buildings or structures each of which are occupied or intended for occupancy as
• Known defect or defect is a condition found within the property that was actually known by the SELLER
and that results in one or all of the following:
(a) It has a substantial adverse effect on the value of the property.
(b) It significantly impairs the health or safety of future occupants of the property.
(c) If not repaired, removed, or replaced, significantly shortens the expected normal life of the property.
OTHER IMPORTANT PROVISIONS OF THE LAW:
• A Property Disclosure Document shall NOT be considered a warranty by the SELLER.
• A Property Disclosure Document is for disclosure purposes only; it is not intended to be part of any
contract between the SELLER and the BUYER.
• The Property Disclosure Document may not be used as a substitute for any inspections or
warranties that the BUYERS or SELLER may obtain.
• Nothing in this law precludes the rights or duties of a BUYER to inspect the physical condition of
• The SELLER shall not be liable for any error, inaccuracy, or omission, of any information required
to be delivered to the BUYERS if the error, inaccuracy, or omission, was not a willful
misrepresentation, according to the best of the SELLER's information, knowledge and belief or was
based on information provided by a public body or another person with a professional license or
special knowledge, who provided a written or oral report or opinion that the SELLER reasonably
believed to be correct and which was transmitted by the SELLER to the BUYER.