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Lead Based Paint Disclosure for Sales Transaction - Mississippi 2025

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The document is a Lead-Based Paint Disclosure form required for the sale of residential properties built before 1978. It informs buyers about potential lead hazards, outlines seller obligations to disclose known lead issues, and provides a risk assessment opportunity. The document includes sections for seller and buyer acknowledgments, as well as agent responsibilities, emphasizing the importance of managing lead exposure risks.

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Is a property disclosure statement required in Mississippi?

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.

Is a statement of disclosure required in all states?

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.

Who fills out the lead-based paint disclosure?

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.

What is the sellers disclosure for lead-based paint?

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 required?

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.

Is a registered agent required in Mississippi?

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.

Is a PCDs required in Mississippi?

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.

Lead Based Paint Disclosure for Sales Transaction - Mississippi 2025

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