Hillsboro Oregon Lead Based Paint Disclosure for Sales Transaction

• Category: Oregon Real Estate - Home Sale
• State: Oregon
• City: Hillsboro
• Control #: OR-LEAD1
• Format: Word; Rich Text

Description

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. Hillsboro Oregon Lead Based Paint Disclosure for Sales Transaction is a crucial document that must be diligently prepared and provided to potential buyers in real estate transactions within Hillsboro, Oregon. This disclosure is mandatory under federal law, specifically the Residential Lead-Based Paint Hazard Reduction Act of 1992, which aims to protect buyers and tenants from exposure to lead-based paint hazards in residential properties built before 1978. The Hillsboro Oregon Lead Based Paint Disclosure for Sales Transaction informs buyers about the potential risks associated with lead-based paint in older properties. It requires sellers to disclose any knowledge or presence of lead-based paint or lead-based paint hazards in the property, including but not limited to peeling paint, soil contamination, and deteriorating lead-based paint. Here are some important keywords related to Hillsboro Oregon Lead Based Paint Disclosure for Sales Transaction: 1. Lead-based paint: Refers to paint or other surface coatings containing lead equal to or exceeding the defined threshold (1.0 mg/cm² or 0.5% by weight). 2. Disclosure: The action of revealing or providing information about lead-based paint or lead-based paint hazards to prospective buyers. 3. Sales transaction: A process in which property ownership is transferred from the seller to the buyer for monetary consideration. 4. Residential property: Properties, including houses, apartments, and condominiums, that are intended for habitation by one or more individuals. 5. Federal law: The Residential Lead-Based Paint Hazard Reduction Act of 1992, which mandates the disclosure, notification, and education requirements for lead-based paint hazards in residential properties. 6. Hazardous material: Lead-based paint is considered hazardous due to its potential health risks, especially to young children, if ingested or inhaled. Different types of Hillsboro Oregon Lead Based Paint Disclosure for Sales Transaction may include variations for different types of properties, such as single-family homes, multi-unit buildings, and commercial properties. However, the fundamental purpose of all these disclosures remains the same — to inform buyers about the potential risks associated with lead-based paint in the property they intend to purchase or lease. It is important for sellers and listing agents to ensure that the Hillsboro Oregon Lead Based Paint Disclosure for Sales Transaction form is properly completed, accurate, and provided to potential buyers, allowing them to make informed decisions about their purchase. Failure to comply with the disclosure requirements can lead to legal complications and financial liabilities for the seller.

Hillsboro Oregon Lead Based Paint Disclosure for Sales Transaction is a crucial document that must be diligently prepared and provided to potential buyers in real estate transactions within Hillsboro, Oregon. This disclosure is mandatory under federal law, specifically the Residential Lead-Based Paint Hazard Reduction Act of 1992, which aims to protect buyers and tenants from exposure to lead-based paint hazards in residential properties built before 1978. The Hillsboro Oregon Lead Based Paint Disclosure for Sales Transaction informs buyers about the potential risks associated with lead-based paint in older properties. It requires sellers to disclose any knowledge or presence of lead-based paint or lead-based paint hazards in the property, including but not limited to peeling paint, soil contamination, and deteriorating lead-based paint. Here are some important keywords related to Hillsboro Oregon Lead Based Paint Disclosure for Sales Transaction: 1. Lead-based paint: Refers to paint or other surface coatings containing lead equal to or exceeding the defined threshold (1.0 mg/cm² or 0.5% by weight). 2. Disclosure: The action of revealing or providing information about lead-based paint or lead-based paint hazards to prospective buyers. 3. Sales transaction: A process in which property ownership is transferred from the seller to the buyer for monetary consideration. 4. Residential property: Properties, including houses, apartments, and condominiums, that are intended for habitation by one or more individuals. 5. Federal law: The Residential Lead-Based Paint Hazard Reduction Act of 1992, which mandates the disclosure, notification, and education requirements for lead-based paint hazards in residential properties. 6. Hazardous material: Lead-based paint is considered hazardous due to its potential health risks, especially to young children, if ingested or inhaled. Different types of Hillsboro Oregon Lead Based Paint Disclosure for Sales Transaction may include variations for different types of properties, such as single-family homes, multi-unit buildings, and commercial properties. However, the fundamental purpose of all these disclosures remains the same — to inform buyers about the potential risks associated with lead-based paint in the property they intend to purchase or lease. It is important for sellers and listing agents to ensure that the Hillsboro Oregon Lead Based Paint Disclosure for Sales Transaction form is properly completed, accurate, and provided to potential buyers, allowing them to make informed decisions about their purchase. Failure to comply with the disclosure requirements can lead to legal complications and financial liabilities for the seller.