Tennessee § 66-5-212 - Disclosure of known percolation tests or soil absorption rates — Disclosure of foundation move — Disclosure of presence of sinkhole.

§ 66-5-212. Disclosure of known percolation tests or soil absorption rates — Disclosure of foundation move — Disclosure of presence of sinkhole.

In addition to any other disclosure required by this part, the seller shall, prior to entering into a contract with a buyer, disclose in the contract itself or in writing, including acknowledgement of receipt, the presence of any known exterior injection well and the results of any known percolation test or soil absorption rate performed on the property that is determined or accepted by the department of environment and conservation. Prior to entering into a contract with a buyer on or after May 20, 2009, the seller shall, where such information is known to the seller, also disclose in the same manner whether any single family residence located on the property has been moved from an existing foundation to another foundation. In addition to any other disclosure required by this part, the seller shall, prior to entering into a contract with a buyer, disclose in the contract or in writing, including acknowledgment of receipt, the presence of a known sinkhole on the property. For purposes of this section, “sinkhole”: Means a subterranean void created by the dissolution of limestone or dolostone strata resulting from groundwater erosion, causing a surface subsidence of soil, sediment, or rock; and Is indicated through the contour lines on the property's recorded plat map. Acts 2006, ch. 699, § 1; 2007, ch. 244, § 1; 2009, ch. 231, § 1; 2015, ch. 262, § 1. Compiler's Notes Acts 2015, ch. 262, § 2 provided that the act, which added (c), shall apply to any contract entered into on or after July 1, 2015. Amendments. The 2015 amendment added (c). Effective Dates. Acts 2015, ch. 262, § 2. July 1, 2015.