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based paint disclosure form is a form issued to all tenants and potential buyers for residential properties built before 1978 to outline the property's history of exposure to leadbased paint.
Which of the following may be exempt from the Lead-Based Paint disclosure requirements? Short-term rental, Housing for elderly or handicapped, and Loft or efficiency Unit.
Renters. Federal law requires that before signing a lease for target housing, including most buildings built before 1978, renters must receive the following from your landlord: An EPA-approved information pamphlet on identifying and controlling lead-based paint hazards, Protect Your Family From Lead In Your Home (PDF).
Correct Property sold at foreclosure. Foreclosure sales of residential property are exempt from the federal lead-based paint disclosure regulations, but a subsequent resale by the purchaser in a foreclosure sale is not exempt.
It is the duty of the seller (and of the broker) to disclose any information about the presence of lead paint to the buyer. You just studied 2 terms!