What are the requirements for sales or leases of residential property regarding lead-based paint?
Federal law requires certain disclosures relating to lead-based paint in many sales and lease transactions involving residential dwellings constructed before 1978, with some exceptions. Before the sale or lease of the property, the seller, landlord or agent of the seller or of the landlord (such as a real estate agent or an attorney) must provide the prospective buyer or tenant with the EPA’s pamphlet, Protect Your Family From Lead In Your Home and provide copies of any relevant records. In addition, the seller and landlord must disclose all information they possess regarding the presence or absence of lead-based paint. Buyers must be given at least ten (10) days to inspect the premises for the presence of lead paint unless the parties mutually agree otherwise. Furthermore, the sales contract or lease must include the following: a lead warning statement; information the seller or landlord have about lead paint or lead paint hazards or a statement that the seller or landlord do not poss
