Lead Based Paint Disclosure for Sales Transaction - Mississippi 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the property details, including the street address, city, state (Mississippi), and zip code at the top of the form.
  3. Read the Lead Warning Statement carefully. This section informs you about potential lead exposure risks associated with properties built before 1978.
  4. In the Seller's Disclosure section, check either (i) or (ii) to indicate whether known lead-based paint hazards are present. Provide explanations if applicable.
  5. Next, indicate if records and reports regarding lead hazards are available by checking (i) or (ii) and listing any documents provided.
  6. In the Purchaser's Acknowledgment section, initial next to each statement confirming receipt of information and pamphlets related to lead hazards.
  7. Complete the Agent's Acknowledgment by having your agent initial that they have informed you of your obligations under federal law.
  8. Finally, ensure all parties sign and date the certification of accuracy at the bottom of the form.

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In Mississippi, disclosures are governed by Miss. Code 89-1-501 et seq. That statute says that the seller of any residential property must deliver to prospective buyers a written disclosure statement as soon as practicable before transfer of title.
Almost every U.S. state has passed laws mandating that sellers give buyers specific information about what structural and other features the house contains, and their condition. In some cases, the brokers must speak up about hidden conditions, too.
Lead-based paint disclosure exemptions In addition to houses built in or after 1978, the following also qualify for an exemption from the disclosure rules: Dwelling units with no bedrooms, such as a studio apartment. Dwelling units that are leased for 100 days or fewer, such as short-term rentals.
Sellers must provide homebuyers a 10-day period to conduct a paint inspection or risk assessment for lead-based paint or lead-based paint hazards. Parties may mutually agree, in writing, to lengthen or shorten the time period for inspection. Homebuyers may waive this inspection opportunity.
Is the SPQ required in real estate transactions? Yes, depending on which purchase agreement is used. Except for the Vacant Land Purchase Agreement (VLPA), most other C.A.R. purchase agreements require delivery of the SPQ.

People also ask

ing to Mississippi Code 750-35-5, registered agents are legally required in Mississippi. At a minimum, your registered agent must list a physical address on the public record and be present at that address during business hours. But ideally, your registered agent should do more.
Typically, a Transferor/Sellers statutory obligation to furnish a fully completed PCDS applies to the transfer of any interest in applicable residential real property, whether by sale, exchange, installment land contract, lease with an option to purchase, option to purchase or ground lease coupled with improvements.

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