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.
The Phoenix Arizona Lead Based Paint Disclosure for Sales Transaction is a legal document that is required to be filled out and signed by both the seller and the buyer during a real estate transaction. This disclosure is necessary because of the potential health risks associated with lead-based paint, particularly in older homes. Lead-based paint was commonly used in residential properties prior to its ban in 1978. It poses a danger mainly to children under the age of six, pregnant women, and individuals with impaired immune systems. When lead-based paint deteriorates, it can create dust and chips that, when ingested or inhaled, can lead to serious health problems such as brain damage, behavioral issues, and developmental disabilities. The purpose of the Phoenix Arizona Lead Based Paint Disclosure for Sales Transaction is to inform potential buyers about the presence of lead-based paint in the property they are interested in purchasing. The disclosure requires the seller to provide a thorough assessment of their knowledge regarding the existence of lead-based paint or lead-based paint hazards on the premises. The seller is also responsible for providing any available records or reports related to lead-based paint. In addition to the general Lead Based Paint Disclosure, there may be additional types of disclosures specific to certain types of properties or situations. For example, there may be separate disclosures required for rental properties, commercial properties, or properties designated for use by certain populations, such as child care facilities or schools. It is important for both parties involved in the real estate transaction to carefully review and understand the Phoenix Arizona Lead Based Paint Disclosure for Sales Transaction. The buyer should have the opportunity to perform lead-based paint inspections or assessments if desired, and can negotiate with the seller regarding any necessary repairs, removal, or remediation of lead-based paint hazards. Overall, the Phoenix Arizona Lead Based Paint Disclosure for Sales Transaction is a critical part of ensuring transparency and reducing potential health risks associated with lead-based paint exposure. It serves to protect the interests of both the buyers and the sellers in the real estate transaction.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
