Get the free Lead-Based Paint Disclosure (Sales)

This document serves as a disclosure of information regarding lead-based paint and/or lead-based paint hazards for residential properties built prior to 1978, warning purchasers about the potential

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 a legal professional.
2. Fill in the property address at the top of the form.
3. Indicate the year the property was built, as properties built before 1978 require the disclosure.
4. Complete the seller's section by detailing any known information about lead-based paint and/or lead-based paint hazards in the property.
5. Include any records or reports available regarding lead-based paint in the property, if applicable.
6. Sign and date the form in the appropriate sections to confirm the accuracy of the information provided.
7. Provide the completed disclosure to the buyer before the sale or lease agreement is signed.
8. Ensure the buyer acknowledges receipt of the disclosure by signing the form.

Who needs Lead-Based Paint Disclosure (Sales)?

1. Sellers of residential properties built before 1978.
2. Real estate agents involved in the sale of homes built before 1978.
3. Landlords renting properties built before 1978.

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 document required by the U.S. government for certain residential properties to inform buyers about the presence of lead-based paint hazards.

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

Sellers of homes built before 1978 are required to file the Lead-Based Paint Disclosure as part of the sale process.

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

To fill out the Lead-Based Paint Disclosure, sellers must complete a form that identifies the property, states any known lead-based paint hazards, provides information on lead inspections or risk assessments, and includes the required certification of acknowledgment 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 lead exposure by informing them of potential lead paint hazards, allowing them to make informed decisions.

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

The disclosure must report any known information regarding the presence of lead-based paint or lead-based paint hazards, results of any lead inspections, and the buyer's acknowledgment of the disclosure.