What is typically provided to inform about known property defects?

The property disclosure form is a crucial document in real estate transactions that is specifically designed to inform potential buyers about known defects or issues with a property. This form is typically filled out by the seller and must include details about various aspects of the property, such as structural problems, pest infestations, and any other significant concerns that could affect the buyer's decision.

Providing a property disclosure form promotes transparency and helps protect both the buyer and seller. For the buyer, it offers critical information that can influence their assessment of the property’s value and condition, while for the seller, it helps fulfill statutory obligations and can mitigate liability for nondisclosure after the sale.

Other options serve different purposes: an inspection report is generated by a third-party inspector and focuses on the condition of the property at a specific point in time; a market analysis assesses property values and market conditions but does not address defects; and a buyer representation agreement formalizes the relationship between a buyer and their agent without disclosing property defects. Thus, the property disclosure form is the most relevant document for informing about known property defects.