EPA Section 1018 Disclosure Rule
Requires the following before signing of a contract for a housing sale or lease:
- Sellers and landlords must disclose known lead-based paint and lead-based paint hazards and provide available written reports to buyers or renters
- Sellers and landlords must give buyers and renters the pamphlet, developed by EPA, HUD, and the Consumer Product Safety Commission (CSPC), titled “Protect Your Family from Lead in Your Home“
- Home buyers will get a 10-day period to conduct a lead-based paint inspection or risk assessment at their own expense. The rule gives the two parties flexibility to negotiate key terms of the evaluation
- Notification and disclosure language for the existence of lead paint hazards must be included in sales contracts and leasing agreements.
Further information on EPA Section 1018: Real Estate Notification and Disclosure Rule is available here.