Ed, an Ohio seller, asks his agent whether lead-based paint disclosure applies to the sale of a vacant lot he owns. Under federal law, does lead paint disclosure apply?
Correct Answer
A) No, lead paint disclosure applies to residential dwellings, not vacant land
Federal lead-based paint disclosure requirements apply to residential dwellings, not vacant land. Since there is no dwelling on the lot, the lead paint disclosure requirement does not apply.
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More Oh Disclosure Requirements Questions
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Previous Question
An Ohio real estate firm's policy requires agents to include the lead-based paint disclosure addendum in ALL purchase agreements, regardless of the property's construction date. Under federal law, is this policy necessary?
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An Ohio seller of a pre-1978 duplex is selling the property to an investor. The seller previously had one unit tested, which showed no lead, but the other unit was never tested. Under federal law, what must the seller disclose?