What is typically excluded from property disclosures in commercial transactions?

In commercial transactions, property disclosures typically do not include certain types of information that might be required in residential transactions. Property disclosures, as a comprehensive statement about the condition of the property, generally outline aspects like structural integrity, compliance with applicable laws, and known issues affecting the property itself.

However, there are elements that are often excluded from these disclosures in a commercial context, and one of them is detailed property disclosures regarding the property’s specific condition. In commercial real estate, the expectation is that buyers will conduct their own due diligence, identifying relevant details without relying solely on seller disclosures.

This reliance on the buyer’s due diligence often means that commercial sellers are not legally obligated to provide the same level of disclosure as residential sellers, particularly when it comes to broader property disclosures that might include personal knowledge or opinions. Out of the options listed, the inclusion of "Property disclosures" as being excluded accurately reflects the commercial transaction landscape, where personal disclosures about the property can be significantly less comprehensive than in residential settings.

Other choices represent types of information that might still be pertinent or beneficial to the buyer, such as environmental assessments, local market analyses, or information about nearby schools, which could influence the buyer’s investment decision.