Kentucky Lead Based Paint Disclosure for Sales Transaction
Overview of this form
The Lead Based Paint Disclosure for Sales Transaction is a required statement by Federal Law for residential properties built before 1978. This disclosure informs potential buyers about the risks of lead-based paint and any associated hazards in older homes. Unlike other property disclosures, this form specifically addresses lead safety, providing essential information to protect the health of vulnerable populations, especially children and pregnant women.
When to use this form
This form should be used when selling residential properties built before 1978. It is necessary during any sales transaction to ensure that buyers are informed about the potential risks of lead exposure from paint, dust, and soil. Use this form to comply with federal regulations and to protect the well-being of future occupants.
Who can use this document
- Sellers: Homeowners selling residential properties constructed prior to 1978.
- Buyers: Individuals purchasing older homes who need to know about lead hazards.
- Real estate agents: Professionals facilitating the sale and ensuring compliance with lead disclosure laws.
Completing this form step by step
- Identify the property by entering the address and details of the residential dwelling.
- Check whether lead-based paint and hazards are present, and provide any pertinent details.
- List any records and reports related to lead hazards provided to the buyer.
- Require the buyer to acknowledge receipt of the EPA pamphlet on lead exposure.
- Make sure all parties (seller, buyer, agents) sign and date the document to validate the disclosure.
Is notarization required?
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to provide the form when the property was built before 1978.
- Neglecting to include the EPA pamphlet with the disclosure.
- Inadequately explaining the nature of lead-based paint hazards.
- Missing signatures or dates from all required parties.
Why use this form online
- Immediate access to legally compliant templates without the need to visit a lawyer.
- The ability to edit and customize the form to fit specific transaction details.
- Downloadable format allows for convenient printing and sharing.
Looking for another form?
Form popularity
FAQ
As long as the salesperson has informed the sellers or lessors of their obligations to disclose, the salesperson won't be held liable for the failure to disclose to a purchaser or lessee the presence of lead-based paint or lead-based paint hazards known by sellers or lessors but not disclosed to the salesperson, says
The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller's possession and notify the buyer of any known lead-based paint hazards.
The Rule states that if an agent is involved in a transaction to sell target housing, the "Lead Warning Statement" must include a statement signed by the agent that the agent has informed the seller of the seller's legal obligations and that the agent is aware of his/her duty to ensure compliance with the Rule.
Federal law requires you to provide certain important information about lead-based paint and/or lead-based paint hazards before a prospective buyer is obligated under a contract to purchase your home.Inform the seller of his or her obligations under the Real Estate Notification and Disclosure Rule.
Under the Disclosure Rule, any seller or landlord must disclose information concerning lead-based paint and/or lead-based paint hazards when selling or leasing to any prospective purchaser or tenant of residential housing. The residential housing covered by the Disclosure Rule are those units built before 1978.
Section 1018 of this law directed the Department of Housing and Urban Development (HUD) and the Environmental Protection Agency (EPA) to require the disclosure of known information on lead-based paint and lead-based paint hazards before the sale or lease of most housing built before 1978.
The lead-based paint disclosure form is a required form to be issued to all tenants and potential buyers for residential properties built before 1978.The forms were written to warn any new owners or tenants of the potential existence of this within the interior walls of the residence.
Correct Before the purchaser or lessee is obligated under a contract for sale or lease. Purchasers or lessees must receive the lead-based paint disclosures before they become obligated under a contract for sale or lease, which generally occurs when the contract or lease is signed. 5.
