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.
Lead-based Paint Disclosure And Pamphlet
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How to fill out Delaware Lead Based Paint Disclosure For Sales Transaction?
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Vermont Property transfer tax The amount of the transfer tax is generally 1.45 % of the purchase price. The tax is discounted to one half of one percent for the first $100,000.00 of the purchase price if you use the property as your primary residence. Learn more about tax considerations here.
To properly convey a deed the deed must be signed in front of a notary and recorded in the county clerks office. If a survey is referenced in the deed, that survey should also be recorded. If a deed divides a parcel a survey should be recorded with the deed.
In Vermont, all land records are recorded and preserved at the local level, primarily in the office of the clerk of the town where the property is located.
A primary residence in Vermont pays at a varying rate ? 0.5% on the first $100,000 in value and then 1.45% (really 1.25% transfer tax and 0.2% clean water fee) on the remaining value. Properties other than a primary residence pay the 1.45% on all value.
The preferred written instrument to convey a legal interest in land is a deed. There are two basic categories of deed used in Vermont to convey fee title and/or easements in land: the warranty deed; and the quit-claim deed.
Quitclaim Deed: A Quitclaim Deed transfers ownership from one person to another without any warranties or guarantees.