How to properly use the Lead Based Paint Disclosure and Addendum
Answer: “The Disclosure & Acknowledgement Regarding Lead-Based Paint”(UAR form 16) is used for all homes constructed prior to 1978. When a contract is written the Seller should provide the Buyer with this Disclosure having Section 1 completed and signed. Section 2 is also signed by Seller’s (Listing) agent. Section 3 is used for Buyer to Acknowledge that they have received the document. Under section 3c the Buyer will need to choose one of the two options: i) to do a 10 day “Risk Assessment and Inspection” or ii) “Waive the opportunity to conduct the Risk Assessment or Inspection”.