Massachusetts Lead Based Paint Disclosure for Sales Transaction
What this document covers
The Lead-Based Paint Disclosure for Sales Transaction is a legal document required by federal law when selling residential housing built prior to 1978. Its purpose is to inform buyers about potential lead-based paint hazards that could affect their health, especially that of young children. This form ensures compliance with regulations set forth by the EPA and provides a clear understanding of any existing lead hazards in the property, differentiating it from general real estate disclosures.
Key components of this form
- Property information including street address and city
- Seller's disclosure of knowledge regarding lead-based paint
- Disclosure of any available records or reports on lead hazards
- Purchaser's acknowledgment of receiving necessary information and pamphlets
- Opportunity for purchasers to conduct risk assessments or inspections
- Certifications by both parties confirming the accuracy of the information provided
When to use this document
This form should be used when a seller is offering residential property constructed before 1978. It is crucial for transactions involving homes to disclose any known lead hazards, protect the health of the occupants, and comply with federal regulations. If the property was built in or after 1978, this form is not necessary.
Who can use this document
The following individuals should use this form:
- Home sellers who are selling properties built prior to 1978
- Real estate agents representing sellers in transactions involving older homes
- Home buyers interested in purchasing residential properties built before 1978
Instructions for completing this form
- Identify and enter the property information, including street address and zip code.
- Complete the seller's disclosure section, indicating knowledge of lead-based paint presence.
- List any available records or reports about lead hazards, if applicable.
- Have the purchaser acknowledge receipt of all required information and pamphlet.
- Both parties should certify the accuracy of the information by signing and dating the document.
Notarization requirements for this form
In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.
Mistakes to watch out for
- Failing to disclose known lead-based paint hazards.
- Not providing required EPA pamphlets to the purchaser.
- Incomplete signatures or missing dates on the form.
- Assuming no form is needed for properties built after 1978 without verifying the construction date.
Benefits of using this form online
- Access to professionally drafted templates created by licensed attorneys.
- Convenient download options that allow you to fill and store the form digitally.
- Immediate availability, saving time compared to traditional paper forms.
- Clear instructions to ensure compliance and proper form completion.
Form popularity
FAQ
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.
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.
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.
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.
The Lead Law protects a child's right to a lead-safe home. It requires the removal or control of lead paint in houses with children under 6. If houses built before 1978 are being sold or rented, sellers, real estate agents, and owners who rent their homes are required to notify their buyers and tenants of lead risks.
Immediately clean up any paint chips you find. Keep play areas clean. Don't let children chew on painted surfaces. Clean dust off of window sills and other surfaces on a regular basis, using a sponge, mop, or paper towels with warm water.
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.
