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Este documento es un aviso sobre la exposición potencial al plomo en propiedades residenciales construidas antes de 1978, que puede presentar riesgos significativos para los niños pequeños y mujeres

How to fill out lead-based paint disclosure sales

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

1. Begin by obtaining the Lead-Based Paint Disclosure form, which is often provided by your real estate agent or can be found online.
2. Fill in the property address at the top of the form.
3. Indicate whether the property was built before 1978, as this is crucial for the disclosure requirements.
4. Complete the section regarding any known lead-based paint hazards in the property, including any inspections or risk assessments.
5. Include any additional information required, such as details about past lead paint remediation efforts, if applicable.
6. Both the seller and buyer must sign and date the form to acknowledge receipt and understanding of the lead-based paint information.
7. Keep a copy of the completed disclosure for your records.

Who needs Lead-Based Paint Disclosure (Sales)?

1. Sellers of residential properties built before 1978 are required to provide the Lead-Based Paint Disclosure to potential buyers.
2. Real estate agents representing sellers must ensure that the disclosure is provided as part of the sales process.
3. Buyers of residential properties built prior to 1978 should receive this disclosure to make informed decisions regarding potential lead hazards.

This Lead-Based Paint Disclosure statement is required by Federal Law when selling residential housing built prior to 1978. If the home was constructed PRIOR TO 1978, this form is REQUIRED to be completed and signed by the seller and buyer. If the dwelling was constructed in 1978 or later, this form is not required. If in doubt about the timing of construction, use the disclosure form. Whenever the form is used, the seller must also give the buyer the EPA pamphlet discussed below.

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 disclose any known presence of lead-based paint and lead-based paint hazards. It informs buyers about the potential risks associated with lead exposure.

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

Sellers of residential properties built before 1978 are required to file Lead-Based Paint Disclosure (Sales). This includes individual sellers, real estate agents, and any entity selling such properties.

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

To fill out the Lead-Based Paint Disclosure, sellers must complete a standardized form that includes details about the property, known information about lead-based paint, the condition of painted surfaces, and any testing carried out. Sellers should sign and date the form, and provide it to the buyer.

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

The purpose of Lead-Based Paint Disclosure (Sales) is to ensure that buyers are informed about the potential health risks associated with lead-based paint, allowing them to make educated decisions regarding their purchase and any necessary precautions.

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

The information that must be reported includes the year the property was built, any known lead-based paint or hazards, the condition of painted surfaces, and any reports or assessments related to lead paint that have been conducted on the property.