What is a lead-based paint disclosure used for?

If a prospective buyer opts to do a lead-based paint inspection that reveals the existence of lead-based paint, you're not required to remove the paint. The purpose of the disclosure is to alert a buyer or tenant to potential lead-based paint dangers in their future home.

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Pennsylvania Lead Based Paint Disclosure for Sales Transaction

Pa Lead Based Paint

Name: Pennsylvania Lead Based Paint Disclosure for Sales Transaction
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.56 (236 reviews)

Category:

Pennsylvania Real Estate - Home Sale

State:

Pennsylvania

Control #:

PA-LEAD1

Format:

Instant download

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Description Lead Based Paint Form

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.

Agreement or Contract for Deed for Sale and Purchase of Real Estate a/k/a Land or Executory Contract

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Buyer's Request for Accounting from Seller under Contract for Deed

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Contract for Deed Seller's Annual Accounting Statement

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Assignment of Contract for Deed by Seller

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Notice of Assignment of Contract for Deed

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Residential Real Estate Sales Disclosure Statement

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Warranty Deed from Corporation to Corporation

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How to fill out Pa Lead Based Paint Disclosure Form?

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Lead Based Paint Disclosure Purchase Other Form Names

Lead Based Paint Disclosure Form Paint Disclosure Sales Lead Based Paint Form Printable Pa Lead Based Paint Disclosure Pennsylvania Lead Based Paint Disclosure Form Lead Based Paint Disclosure Printable Lead Based Disclosure Statement

Lead Based Form FAQ

Lead-based paints were banned for use in housing in 1978. All houses built before 1978 are likely to contain some lead-based paint. However, it is the deterioration of this paint that causes a problem.

Federal law requires you to provide certain important information about lead-based paint and/or lead-based paint hazards before a prospective buyer is obligated under a contract to purchase your home.Inform the seller of his or her obligations under the Real Estate Notification and Disclosure Rule.

If a prospective buyer opts to do a lead-based paint inspection that reveals the existence of lead-based paint, you're not required to remove the paint. The purpose of the disclosure is to alert a buyer or tenant to potential lead-based paint dangers in their future home.

The Rule states that if an agent is involved in a transaction to sell target housing, the "Lead Warning Statement" must include a statement signed by the agent that the agent has informed the seller of the seller's legal obligations and that the agent is aware of his/her duty to ensure compliance with the Rule.

The lead-based paint disclosure form is a required form to be issued to all tenants and potential buyers for residential properties built before 1978.The forms were written to warn any new owners or tenants of the potential existence of this within the interior walls of the residence.

The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller's possession and notify the buyer of any known lead-based paint hazards.

Under the Disclosure Rule, any seller or landlord must disclose information concerning lead-based paint and/or lead-based paint hazards when selling or leasing to any prospective purchaser or tenant of residential housing. The residential housing covered by the Disclosure Rule are those units built before 1978.

As long as the salesperson has informed the sellers or lessors of their obligations to disclose, the salesperson won't be held liable for the failure to disclose to a purchaser or lessee the presence of lead-based paint or lead-based paint hazards known by sellers or lessors but not disclosed to the salesperson, says

Pa Lead Based Paint

Description Lead Based Paint Form

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Lead Based Form FAQ

Do all homes built before 1978 have lead paint?

Do you have to disclose lead paint?

What is a lead-based paint disclosure used for?

Who signs the Lead Paint Disclosure?

What does it mean if there is a lead paint disclosure?

Who is responsible for disclosing the lead paint disclosure to the buyer?

What is the lead disclosure rule?

Who is held liable for the seller to disclose to a buyer or lessee the presence of lead-based known the seller or landlord but not disclosed to the salesperson?

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