Washington Lead Based Paint Disclosure for Sales Transaction
What is this form?
The Lead Based Paint Disclosure for Sales Transaction is a federally mandated document used when selling residential properties built before 1978. This form aims to inform buyers about potential lead-based paint hazards in older homes, ensuring they are aware of the risks associated with lead exposure. It differs from other real estate forms by specifically addressing lead risks, which are particularly relevant for homes constructed during this period.
Form components explained
- Property identification, including the address and seller's name.
- Lead warning statement informing buyers about the risks of lead exposure.
- Seller's disclosure regarding the presence of lead-based paint or related hazards.
- Records and reports of any lead inspection or risk assessments provided by the seller.
- Purchaser acknowledgment of having received necessary information and the EPA pamphlet.
- Certifications from both seller and buyer regarding the accuracy of the provided information.
When to use this document
This form should be used during the sale of residential real estate built before 1978. It ensures that buyers are notified of any lead-based paint hazards, allowing them to make informed decisions before finalizing the purchase. Use this form whenever you are unsure about the construction date of the property or when you have knowledge of any lead hazards in older homes.
Who can use this document
- Sellers of residential properties built prior to 1978.
- Buyers purchasing residential properties that may contain lead-based paint.
- Real estate agents facilitating transactions involving older homes.
How to complete this form
- Identify the property by entering the complete address.
- Check the appropriate boxes to disclose any known lead-based paint hazards.
- List any available records or reports related to lead hazards if applicable.
- Have the purchaser acknowledge receipt of all necessary information and the EPA pamphlet.
- Ensure all parties sign and date the form for validation.
Is notarization required?
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
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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 disclose known lead hazards, which can lead to legal liability.
- Not providing the EPA pamphlet to the buyer, a crucial part of the disclosure process.
- Incomplete or incorrect signatures which may invalidate the form.
- Missing property address or other essential identification details.
Advantages of online completion
- Convenient access to the form that can be downloaded and filled out at any time.
- Editability allows users to customize the form to their specific transaction.
- Reliability ensures the latest version of the form is used, compliant with current laws.
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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 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.
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.
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.
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.
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.
