{"parents":[{"StatuteId":2064918,"Type":"Title","Statute":"43"},{"StatuteId":2065026,"Type":"Chapter","Statute":"4"},{"StatuteId":2065005,"Type":"Section","Statute":"37"}],"Previous":"43-4-29","Next":"43-4-38","StatuteId":2065005,"Statute":"43-4-37","Type":"Section","CatchLine":"Definition of terms for required disclosures in certain real estate transfers. ","FilePath":null,"FileName":null,"Htmlpath":null,"Htmlfilename":null,"Title":43,"TitleLetter":null,"Chapter":4,"ChapterLetter":null,"Section":37,"SubSec":0,"SubSection":null,"Word":null,"Html":"

43-4-37. Definition of terms for required disclosures in certain real estate transfers.

Terms used in §§ 43-4-38 to 43-4-44, inclusive, mean:

(1)    \"Buyer,\" a person negotiating or attempting to become an owner of residential real property by means of a transfer which is subject to §§ 43-4-38 to 43-4-44, inclusive;

(2)    \"Disclosure statement,\" the property condition disclosure statement as provided in § 43-4-44;

(3)    \"Residential real property,\" all residential real property consisting of not more than four family dwelling units, all of which are contained in one structure;

(4)    \"Seller,\" an owner of residential real property;

(5)    \"Transfer,\" a sale, exchange, installment sale contract, lease with an option to purchase, other option to purchase, or a ground lease coupled with improvements.

Source: SL 1993, ch 325, § 1; SL 1994, ch 337, § 1.

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