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How to use or fill out Lead Based Paint Disclosure for Sales Transaction - Rhode Island
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Click ‘Get Form’ to open it in the editor.
Begin by entering the property address, including street address, city, state (Rhode Island), and zip code in the designated fields.
Review the Lead Warning Statement carefully. This section informs you about potential lead exposure risks associated with properties built before 1978.
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.
Indicate whether all available records and reports regarding lead-based paint hazards have been provided to the purchaser by checking (i) or (ii).
In the Purchaser's Acknowledgment section, initial next to each statement confirming receipt of information and pamphlet regarding lead safety.
Complete the Agent's Acknowledgment by having your agent initial that they have informed you of your obligations under federal law.
Finally, ensure all parties sign and date the certification of accuracy at the bottom of the form.
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In which situation would a lead-based paint disclosure need to be made?
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.
Do all homes built before 1978 have lead paint?
Lead-based paint disclosure laws apply to all 50 states. The burden of compliance with the lead disclosure law is on the buyers agent. Buyers must be provided with a 60-day period to test for lead, if the buyer chooses.
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.
Which of the following types of housing are exempt from lead-based paint disclosures?
Final answer: Certain types of housing, such as those for the elderly, lofts, and short-term rentals, can indeed be exempt from Lead-Based Paint disclosure requirements. This exemption helps to address unique circumstances within different housing situations.
What is the sellers disclosure law in Rhode Island?
(a) As soon as practicable, but in any event no later than prior to signing any agreement to transfer real estate, the seller of the real estate shall deliver a written disclosure to the buyer and to each agent with whom the seller knows he or she or the buyer has dealt in connection with the real estate.
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What does the Rhode Island lead paint disclosure law apply to?
Under Rhode Island law, property owners of pre-1978 buildings must disclose known and potential lead hazards before selling or leasing their property. Compliance with the law involves: Keep all lead inspection reports, certificates, and Affidavits of Completion of Visual Inspection.
Related links
Protect Your Family From Lead in Your Home
Real estate sales contracts must include a specific warning statement about lead-based paint. Buyers have up to 10 days to check for lead.
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