Ex. Summary:

Senate Bill 23-206 improves radon disclosure requirements in residential real estate transactions and rental agreements to safeguard public health and ensure informed decision-making for homebuyers and tenants. The bill requires sellers and landlords to disclose known radon test results, include standardized radon warning statements in contracts and leases, and provide information about mitigation efforts. Tenants can terminate leases if landlords neglect to disclose radon risks or address elevated radon levels. The legislation also instructs the Colorado Real Estate Commission to set standardized rules for compliance. While introducing new responsibilities for property owners, the law seeks to reduce radon-related health risks, enhance transparency in housing transactions, and promote safer living conditions.