Oregon Lead Based Paint Disclosure for Sales Transaction
Understanding this form
The Lead-Based Paint Disclosure for Sales Transaction is a legal document required by federal law for the sale of residential properties built before 1978. It informs buyers about potential lead-based paint hazards and mandates that sellers disclose any known risks associated with lead-based paint in the home. This form is essential to ensure the safety of families, especially those with young children and pregnant women, and differs from other real estate disclosure forms by specifically addressing the risks of lead exposure.
Key parts of this document
- Property Information: Identifies the street address and location of the property.
- Lead Warning Statement: Informs buyers about the dangers of lead exposure from paint and soil.
- Sellers Disclosure: Sections for sellers to indicate known lead-based paint hazards, if present.
- Records and Reports: Sellers must document any available records regarding lead-based paint.
- Purchasers Acknowledgment: Acknowledges receipt of information and opportunity for inspection.
- Certification of Accuracy: Signatures confirming the accuracy of the provided information.
When to use this document
This form should be used whenever a residential property built prior to 1978 is being sold. If you are a seller, completing this form is a legal requirement to inform the buyer about any known lead-based paint hazards in the property. Buyers are advised to request this information to safeguard their health and that of their families.
Who can use this document
- Home sellers of residential properties built before 1978.
- Real estate agents facilitating the sale of older homes.
- Homebuyers interested in purchasing properties built prior to 1978.
Instructions for completing this form
- Identify the property by entering the complete address, including city and state.
- Read and understand the Lead Warning Statement to comprehend the risks associated with lead exposure.
- Complete the Sellers Disclosure section by indicating whether lead-based paint hazards are known or unknown.
- List any available records or reports related to lead-based paint provided to the buyer.
- Have the buyer acknowledge receipt of all information and the EPA pamphlet about lead safety.
- Ensure all parties, including agents, sign and date the form to certify accuracy.
Does this form need to be notarized?
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.
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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.
Common mistakes to avoid
- Failing to complete all sections of the form accurately.
- Not providing the required EPA pamphlet to the buyer.
- Overlooking signatures from all parties involved in the transaction.
- Not retaining copies of the signed form for record-keeping.
Why complete this form online
- Convenience of completing the form from anywhere at any time.
- Immediate access to downloadable templates without the need for printing or mailing.
- Editable fields that make it easy to customize the form for specific transactions.
- Reliability of templates drafted by licensed attorneys to comply with legal standards.
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FAQ
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 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.
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.
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.
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.
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.
