EPA Section 1018 Disclosure Rule

Requires the following before signing of a contract for a housing sale or lease:

  1. Sellers and landlords must disclose known lead-based paint and lead-based paint hazards and provide available written reports to buyers or renters
  2. 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
  3. 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
  4. 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.