Portland Oregon Lead Based Paint Disclosure for Sales Transaction
Description
How to fill out Oregon Lead Based Paint Disclosure For Sales Transaction?
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FAQ
According to the law, home buyers and renters will receive known information on lead-based paint and lead-based paint hazards during sales and rentals of housing built before 1978.
Section 1018 of the Residential Lead-Based Paint Hazard Reduction Act of 1992 directs EPA and HUD to jointly issue regulations requiring disclosure of known lead-based paint and/or lead- based paint hazards by persons selling or leasing housing constructed before the phaseout of residential lead-based paint use in 1978
Landlords must give prospective tenants of target housing, including most buildings built before 1978: An EPA-approved information pamphlet on identifying and controlling lead-based paint hazards, Protect Your Family From Lead In Your Home (PDF).
Just like in a residential building, owners of commercial properties must also disclose the presence of lead so long as they are selling the property.
The Rules of Lead Disclosure in Illinois Federal laws require property owners and their real estate agent to disclose the presence of lead in both residential and commercial real estate transactions.
Section 1018 of this law directed HUD and EPA to require the disclosure of known information on lead-based paint and lead-based paint hazards before the sale or lease of most housing built before 1978.
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.
