An Ohio seller previously had a lead inspection that found no lead paint in the home built in 1974. Under federal disclosure law, must the seller still provide the EPA pamphlet and disclosure form?
Correct Answer
C) Yes, the seller must still provide the EPA pamphlet and disclosure form, but can disclose the negative test results
Even with a negative lead inspection result, the seller must still provide the EPA pamphlet and complete the lead paint disclosure form for pre-1978 properties. The seller can report the negative test results as known information, which actually strengthens the buyer's confidence.
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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?
- → Nancy, an Ohio buyer, is purchasing a property and asks about environmental assessments. Her agent explains the different phases. Under Ohio environmental practice, what is the purpose of a Phase I Environmental Site Assessment?
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- → Lisa, an Ohio seller, discovers that her property's drinking water has high iron content, causing staining of fixtures. The water is safe to drink but cosmetically unpleasant. Under Ohio disclosure law, must Lisa disclose this?
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Previous Question
An Ohio property built in 1975 is being sold as a short sale (lender-approved sale for less than the mortgage balance). The seller has moved out and the bank is managing the sale. Under federal law, who is responsible for providing the lead-based paint disclosure?
Next Question
Paula, an Ohio buyer, exercises her right to a lead inspection during the 10-day period. The inspection finds lead paint on the exterior. Paula wants to terminate the contract. Under federal law, can she do so?