Get the free Lead-Based Paint Disclosure (Sales)

This document serves as a disclosure to buyers regarding the potential presence of lead-based paint and its hazards in residential properties built prior to 1978, in compliance with federal laws.

How to fill out lead-based paint disclosure sales

How to fill out Lead-Based Paint Disclosure (Sales)

1. Obtain the Lead-Based Paint Disclosure form from your local real estate authority or online.
2. Fill in the property address, including city and state.
3. Identify the seller's name and contact information.
4. Check the box to indicate if the property was built before 1978.
5. Describe any known lead paint hazards in the property, if applicable.
6. Provide any documentation or reports pertaining to lead-based paint inspections or risk assessments.
7. Have both the seller and buyer sign and date the disclosure form.
8. Ensure that a copy of the signed disclosure is provided to the buyer.

Who needs Lead-Based Paint Disclosure (Sales)?

1. All residential property sellers whose properties were built before 1978 are required to provide a Lead-Based Paint Disclosure during the sale.
2. Real estate agents and brokers involved in the transaction must ensure the disclosure is completed and provided.

People Also Ask about

What is the seller's disclosure of lead-based paint?

The Lead-based Paint Disclosure Rule requires sellers, landlords, real estate agents and property managers to provide specific information about known lead-based paint and lead-based paint hazards before prospective renters and homebuyers sign a lease or contract.

When must the lead-based paint disclosure occur?

As a result, buyers and renters of most housing built before 1978 must receive the “Protect Your Family from Lead in Your Home” pamphlet and known information on lead-based paint and lead-based paint hazards before buying or renting the housing. Lead can affect almost every organ and system in the human body.

Does Freddie Mac require a lead-based paint disclosure?

There are some exceptions, but a good practice is to always get the Addendum completed and signed if the property was constructed before January 1, 1978. The Addendum is not required for: Homes built during or after 1978. Dwellings that don't have separate bedrooms (i.e., lofts and efficiency apartments)

What are the requirements for Freddie Mac?

Freddie Mac outlines several eligibility criteria for borrowers including: A credit score of 660 or higher. A debt-to-income rate of 43% or lower. A down payment of 3%

Is lead-based paint disclosure required on conventional loan?

Certain types of housing, such as those for the elderly, lofts, and short-term rentals, can indeed be exempt from Lead-Based Paint disclosure requirements.

Who fills out the lead-based paint disclosure?

Before considering a deed-in-lieu of foreclosure on a tenant-occupied property built before 1978, if the Servicer is aware of, or becomes aware of, any outstanding lead-based paint or health code citations or violations against the property or property owner, it must notify Freddie Mac (see Directory 5), and include a

For pdfFiller’s FAQs

What is Lead-Based Paint Disclosure (Sales)?

Lead-Based Paint Disclosure (Sales) is a legal requirement that mandates sellers of residential properties built before 1978 to inform potential buyers about the presence of lead-based paint or related hazards.

Who is required to file Lead-Based Paint Disclosure (Sales)?

Sellers of residential properties built before 1978 are required to file the Lead-Based Paint Disclosure (Sales). Real estate agents and brokers involved in the transaction must also ensure compliance.

How to fill out Lead-Based Paint Disclosure (Sales)?

To fill out the Lead-Based Paint Disclosure, the seller must provide details regarding the presence of lead-based paint, including any known lead hazards. The form must be signed by both the seller and the buyer.

What is the purpose of Lead-Based Paint Disclosure (Sales)?

The purpose of the Lead-Based Paint Disclosure is to protect buyers from potential health hazards associated with lead-based paint, thereby promoting transparency in real estate transactions.

What information must be reported on Lead-Based Paint Disclosure (Sales)?

The disclosure must report any known information about lead-based paint and lead-based paint hazards, whether the seller is aware of any results from lead hazard evaluations, and the presence of any warning statements regarding lead.