A Property Disclosure Statement (PDS) is a document in which you disclose known defects, issues, or material facts about your property to potential buyers. In Nova Scotia, completing a PDS is standard practice and will be requested as part of the offer process. It covers things like the condition of the roof, basement, foundation, heating systems, and whether there have been any known water issues or structural problems. It’s important to complete this document honestly and to the best of your knowledge — your agent and lawyer can guide you through it.