Rhode Island Lead Based Paint Disclosure for Sales Transaction
What this document covers
The Lead-Based Paint Disclosure for Sales Transaction is a legally required document for homeowners selling residential properties built before 1978. The purpose of this form is to inform buyers of potential lead-based paint hazards in these older homes. This disclosure is mandated by federal law to protect families, especially young children, from lead poisoning, which can lead to serious health issues. If a property was constructed in 1978 or later, this form is not necessary.
Key components of this form
- Property information, including address and type of dwelling.
- Lead warning statement detailing the risks of lead exposure.
- Disclosure of known lead-based paint hazards or attestation of no knowledge from the seller.
- Provision of any available records or reports regarding lead hazards.
- Purchaser's acknowledgment of receiving necessary documents and opportunity to inspect.
- Certification of accuracy by involved parties, including signatures and dates.
Common use cases
This form should be used when selling a residential property built before 1978. Sellers are legally obligated to disclose any known lead-based paint hazards to potential buyers. It is particularly important in transactions where families with young children are involved, as lead exposure can have severe long-term health effects.
Intended users of this form
- Homeowners looking to sell residential properties constructed prior to 1978.
- Real estate agents facilitating sales of older homes to comply with federal regulations.
- Buyers interested in purchasing properties built before 1978 to ensure they are informed of lead-related risks.
Completing this form step by step
- Fill in the property address, including street, city, state, and zip code.
- Indicate whether there are known lead-based paint hazards present in the property.
- List any records or reports regarding lead paint hazards if applicable.
- Ensure that both the seller and buyer initial each acknowledgment section.
- Have all parties sign and date the form to certify its accuracy.
Notarization guidance
This form does not typically require notarization to be legally valid. However, some jurisdictions or document types may still require it. US Legal Forms provides secure online notarization powered by Notarize, available 24/7 for added convenience.
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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.
Typical mistakes to avoid
- Failing to provide the EPA pamphlet on lead safety to the buyer.
- Not signing or dating the form, which can affect its validity.
- Incorrectly completing the disclosure sections, leading to misunderstandings.
Why complete this form online
- Instant access to a legally-compliant disclosure template drafted by attorneys.
- Easy customization to fit specific transaction details.
- Secure storage for future reference and easy retrieval during the sale process.
Key takeaways
- The Lead-Based Paint Disclosure is mandatory for properties built before 1978.
- Sellers must fully disclose known lead hazards and provide safety documentation.
- Failure to comply with these requirements may result in legal penalties.
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FAQ
Under Title X, before signing or renewing a lease or rental agreement, a landlord must disclose any known lead-based paint or hazards on the property. Both the landlord and tenant must sign an EPA-approved disclosure form to prove that the landlord told the tenants about any known lead on the premises.
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.
If you plan to sell your home, it's legally required that you disclose your knowledge of the existence of lead paint. Lead paint sales and applications were banned in the United States in 1978. However, homes that are older than this may still have lead present.
Congress passed the Residential Lead-Based Paint Hazard Reduction Act of 1992 to protect families from exposure to lead from paint, dust, and soil. HUD and EPA require the disclosure of any known information on lead-based paint and lead-based paint hazards before the sale or lease of most housing built before 1978.
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).
If You Have Lead-Based Paint in Your Home The purpose of the disclosure is to alert a buyer or tenant to potential lead-based paint dangers in their future home. Once disclosure has been made, the parties are free to negotiate the costs of lead reduction or removal, if desired.
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.
Congress passed the Residential Lead-Based Paint Hazard Reduction Act of 1992 to protect families from exposure to lead from paint, dust, and soil. HUD and EPA require the disclosure of any known information on lead-based paint and lead-based paint hazards before the sale or lease of most housing built before 1978.
Sellers must disclose in writing any information about known lead paint in the home. If sellers have performed lead tests, they must share the test results. Sales contracts must give buyers up to 10 days to check for lead hazards.
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. Real estate agents must:Sample Seller's Disclosure of Information (PDF) in English (PDF) and in Spanish (PDF).
