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Connecticut · General StatutesConnecticut real estate closing laws: a checklist for transaction coordinators

Connecticut's rules for a home sale, in the order a transaction meets them: the seller of a one-to-four unit home, condo or co-op gives the buyer the written residential condition report before the buyer signs a binder, contract or option; if it isn't furnished, the agreement must give the buyer a $500 credit at closing (Conn. Gen. Stat. §§20-327b, 20-327c). In a common interest community, the seller furnishes the declaration, bylaws, rules and the association's resale certificate before conveyance, the association has 10 business days, and the buyer may void the contract until 5 business days after delivery (§47-270). At recording, the seller pays the state conveyance tax – 0.75% on residential property, with higher rates on the part above $800,000 and $2.5 million – plus the municipal 0.25% (§§12-494, 12-495). For rentals, the seller delivers all tenants' deposits plus accrued interest to the buyer, who notifies each tenant within 30 days (§47a-21).

From disclosure to recording

  1. 1. Condition report (§§20-327b, 20-327c)

    Before the contract; $500 credit if not furnished.

  2. 2. Resale certificate (§47-270)

    10 business days; buyer may void for 5 after delivery.

  3. 3. Conveyance tax (§12-494)

    0.75% state on residential, plus 0.25% municipal.

  4. 4. Tenant deposits (§47a-21)

    Delivered with interest to the buyer; 30-day tenant notice.

Questions about Connecticut closings

What if a Connecticut seller doesn't provide the condition report?

The purchase agreement must give the buyer a $500 credit at closing (Conn. Gen. Stat. §20-327c).

Who pays the Connecticut conveyance tax?

The person conveying the property – the seller – when the deed is recorded (§12-495).

Can a Connecticut condo buyer back out after the resale certificate?

The contract is voidable until 5 business days after delivery, 7 if mailed, or conveyance (§47-270(c)).

The Connecticut guides

ClosingCode links key Connecticut checklist steps to these guides – add a deal and the steps come with owners and due dates.

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Sources: Connecticut General Statutes §§12-494, 12-495, 20-327b, 20-327c, 47-270 and 47a-21 (cga.ct.gov, read for the linked guides).

General information, not legal advice. Each point links to the guide with the details. ClosingCode is software; it is not a law firm. This guide is not a substitute for the advice or services of an attorney.