Wyoming 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 properties built before 1978. This form alerts buyers about potential lead-based paint hazards in the home, which can pose health risks, particularly to young children and pregnant women. It ensures that sellers disclose information regarding any known lead-based paint and provides necessary pamphlets to inform buyers about lead safety.
Key parts of this document
- Property identification, including address and details of the seller and buyer.
- A lead warning statement outlining the risks of lead exposure.
- Seller's disclosure regarding the presence of lead-based paint or hazards.
- Records and reports concerning lead paint hazards provided by the seller.
- Buyer acknowledgment of receiving necessary disclosures and pamphlets.
- Certification of accuracy confirming truthful information from all parties.
Common use cases
This form must be utilized when selling residential properties constructed before 1978 to comply with federal regulations. It is particularly important in scenarios involving real estate transactions, including home sales, where the presence of lead paint must be disclosed to protect the health of buyers and their families.
Who can use this document
- Home sellers of residential properties built before 1978.
- Real estate agents facilitating the sale of older homes.
- Buyers of residential properties who need to be informed about lead hazards.
How to prepare this document
- Identify the parties involved, including seller, buyer, and agents.
- Specify the property address and other relevant details.
- Complete the seller's disclosure section regarding the presence of lead-based paint.
- Check off the applicable records and reports concerning lead hazards.
- Ensure the buyer acknowledges receipt of required information and pamphlets.
- All parties should sign and date the form to certify accuracy.
Notarization guidance
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.
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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.
Mistakes to watch out for
- Failure to disclose known lead-based paint hazards.
- Not providing the EPA pamphlet to the buyer.
- Incomplete signatures and dates from all parties.
- Assuming the form is unnecessary for homes built after 1978 without verification.
Advantages of online completion
- Convenience of downloading the form instantly from home.
- Editability to customize the form according to your transaction details.
- Reliable and compliant with legal requirements, helping ensure protection against liability.
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FAQ
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 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.
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.
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 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.