Franklin Ohio Lead Based Paint Disclosure for Sales Transaction

• Category: Ohio Real Estate - Home Sale
• State: Ohio
• County: Franklin
• Control #: OH-LEAD1
• Format: Word; Rich Text

Description

,p>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.

Franklin Ohio Lead Based Paint Disclosure for Sales Transaction is a legal document that serves to inform potential buyers about the presence of lead-based paint in a residential property located in Franklin, Ohio. This disclosure is required by federal law for all residential properties built before 1978, as lead-based paint was commonly used in residential properties until it was banned for consumer use due to health concerns. The purpose of the Franklin Ohio Lead Based Paint Disclosure is to ensure that buyers have the necessary information to make an informed decision about purchasing a property that may contain lead-based paint. Lead-based paint can be hazardous, particularly to young children and pregnant women, as it can cause lead poisoning, which has been linked to developmental delays, learning disabilities, and other health issues. The Franklin Ohio Lead Based Paint Disclosure for Sales Transaction typically includes the following information: 1. Identification of the property: This includes the address, legal description, and any relevant identifying information about the property. 2. Statement of the presence of lead-based paint: Sellers are required to disclose whether they have actual knowledge of the presence of lead-based paint or lead-based paint hazards in the property. This may include walls, floors, ceilings, windows, doors, and other painted surfaces. 3. Description of testing or evaluation: If the seller has conducted any testing or evaluation for lead-based paint, this information should be provided in the disclosure. This may include any reports or documents related to lead-based paint testing or risk assessments. 4. Acknowledgment of buyer's opportunity to inspect: The disclosure should inform the buyer that they have the right to conduct a lead-based paint inspection or risk assessment within a specified time frame before becoming obligated to purchase the property. 5. Warning statement: A warning statement emphasizes the potential risks associated with lead-based paint and advises buyers to take necessary precautions and seek professional assistance if needed. 6. Seller's certification: The seller must certify that all known information about lead-based paint has been disclosed to the buyer. It is important to note that there may not be different types of Franklin Ohio Lead Based Paint Disclosure for Sales Transaction as it typically follows the requirements set by federal law. However, variations in format and content may exist, depending on the specific jurisdiction or local regulations. In order to comply with federal regulations, it is recommended that sellers seek legal advice or consult with a real estate professional to ensure that the Franklin Ohio Lead Based Paint Disclosure for Sales Transaction is accurate, comprehensive, and meets all necessary requirements.