Delaware Disclosure Sales Form 2

State:
Delaware
Control #:
DE-LEAD1
Format:
Word; 
Rich Text
Instant download

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.

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  • Preview Lead Based Paint Disclosure for Sales Transaction
  • Preview Lead Based Paint Disclosure for Sales Transaction
  • Preview Lead Based Paint Disclosure for Sales Transaction

How to fill out Delaware Lead Based Paint Disclosure For Sales Transaction?

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FAQ

Which of the following includes the required information in the Property section of a Delaware sales contract? The property's legal description. The property's legal description must be included in the sales contract, because it's more accurate than the property's street address.

The elements that make up a listing agreement. Names, addresses, and contact information for both the owner and the agent. The time period in which the property will be listed for sale. The listing price of the property. The type of listing agreement being entered into.

Delaware law requires sellers of residential real property to provide a disclosure report to any potential buyer listing all the material defects that the seller is aware of. Residential real property means a manufactured housing lot or real property that has a residential dwelling for one to four families present.

By law in the state of Delaware, home sellers are required to disclose any known defects regarding a property before the time of sale. This is to ensure that buyers are protected from buying homes or properties that are, in effect, lemons.

Chapter 25, Title 6 of the Delaware Code, requires a Seller of residential property to disclose in writing all material defects of the property that are known at the time the property is offered for sale or that are known prior to the time of final settlement.

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Delaware Disclosure Sales Form 2