What is a Seller property information statement?
A seller property information statement (SPIS) is an optional disclosure form in Ontario that allows sellers to inform buyers about known defects, repairs, and property history before purchase.
In Ontario real estate transactions, a seller property information statement (SPIS) is a voluntary disclosure document sellers can complete to inform buyers about the property's condition, known defects, and history. While not legally mandatory, the form serves to reduce liability and build transparency into the sales process.
The SPIS typically covers areas such as structural issues, water damage or flooding, roof condition, heating and cooling systems, plumbing and electrical work, pest or mold problems, permits and renovations, and previous claims made under provincial home warranty programs. Sellers detail what they know about the property's condition and any work performed or defects present.
In London, Ontario, the form is governed by real estate legislation and carries legal weight in a transaction. Providing accurate information protects the seller from future claims of misrepresentation, while missing information does not automatically create liability if the seller truthfully states they have no knowledge of an issue. Buyers rely on this disclosure alongside their own home inspections to make informed decisions.
Real estate agents and lawyers typically guide sellers on SPIS completion. An experienced residential sales agent can explain what information to disclose and ensure the form is completed honestly and thoroughly, helping both parties proceed with confidence.