Common use of LEAD-BASED PAINT DISCLOSURE Clause in Contracts

LEAD-BASED PAINT DISCLOSURE. (Check box if applicable). If the Improvements were built prior to 1978, Seller shall (i) notify Buyer of any known lead-based paint (“LBP”) or LBP hazards on the Property; (ii) provide Buyer with any LBP risk assessments or inspections of the Property in Seller’s possession; (iii) provide Buyer with a Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards, and any report, pamphlets, and/or other materials referenced therein within five (5) business days of the Effective Date (collectively “LBP Information”). Buyer shall return a signed copy of the Disclosure of Information to Seller prior to Closing. Any residential real property where a residential dwelling was built prior to 1978 may contain, and present risks from exposure to, lead from lead-based paint, and may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a risk to pregnant women. A seller of any interest in residential real property must provide a buyer with any information on lead-based paint hazards from risk assessments or inspection in the seller’s possession including notifying buyer of any known lead-based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended prior to purchase.

LEAD-BASED PAINT DISCLOSURE. (Check box if applicable). If the Improvements were built prior to 1978, Seller shall (i) notify Buyer of any known lead-based paint (“LBP”) or LBP hazards on the Property; (ii) provide Buyer with any LBP risk assessments or inspections of the Property in Seller’s possession; (iii) provide Buyer with a Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards, and any report, pamphlets, and/or other materials referenced therein within five (5) business days of the Effective Date (collectively “LBP Information”). Buyer shall return a signed copy of the Disclosure of Information to Seller prior to Closing. Any residential real property where a residential dwelling was built prior to 1978 may contain, and present risks from exposure to, lead from lead-based paint, and may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a risk to pregnant women. A seller of any interest in residential real property must provide a buyer with any information on lead-based paint hazards from risk assessments or inspection in the seller’s possession including notifying buyer of any known lead-lead- based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended prior to purchase.