Lead Based Paint Disclosure Arizona Withholding Tax
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FAQ
LEAD WARNING STATEMENT The seller/landlord of any interest in residential real property is required to provide the buyer/tenant with any information on lead-based paint hazards from risk assessments or inspections in the seller's/landlord's possession and notify the buyer/tenant of any known lead-based paint hazards.
When is the Lead Based Paint Disclosure Required? In Arizona, a lead-based paint disclosure is required when a home was constructed prior to 1978 OR if it was built after 1978 and the Seller knows or has reason to believe that Lead-Based Paint may be present in the home.
A seller can be sued in some circumstances If a seller lies when making required disclosures about the house or if the seller is dishonest in their listing, there are certain circumstances in which the seller could potentially be sued.
If you are using the Arizona Association of REALTORS® ("AAR") Residential Resale Real Estate Purchase Contract, the seller is required to deliver "a completed AAR Residential SPDS form to the Buyer within three (3) days after Contract acceptance." If the Seller does not provide the SPDS as the Contract requires, the ...
Under Arizona law, there are two ways for a buyer to show that a Seller failed to meet the state's disclosure requirements: The disclosure statements were false. Here, the buyer can show that the actual condition of the property varies significantly from what was disclosed. The issues not disclosed are material.