An Ohio seller of a pre-1978 home must retain a copy of the signed lead-based paint disclosure for a specified period. Under federal regulations, how long must the seller keep this record?
Correct Answer
D) 3 years from the date of sale or lease
Under 40 CFR Part 745.113, sellers must retain a copy of the signed lead-based paint disclosure for 3 years from the date of the sale (or for leases, 3 years from the date of the lease). This retention requirement ensures documentation is available for potential future claims.
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More Oh Disclosure Requirements Questions
An Ohio property is in a township that has recently enacted a point-of-sale inspection requirement for residential property transfers. The seller was not aware of this new requirement. Under Ohio practice, whose responsibility is it to ensure compliance with local point-of-sale requirements?
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- → Tom, an Ohio seller, asks whether he must disclose that the property has a sump pump in the basement. Under Ohio disclosure practice, which statement is correct?
- → Kevin, an Ohio first-time seller, asks whether he must disclose that his property is connected to the municipal sewer system. Under Ohio disclosure practice, which statement is correct?
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An Ohio property manager is leasing a pre-1978 apartment unit to a new tenant. Under federal lead paint disclosure law, what must the property manager provide?
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An Ohio seller of a pre-1978 home provides the lead paint disclosure but deliberately hides a lead inspection report that showed dangerous levels of lead in the children's bedrooms. Under federal law, what penalties does the seller face?