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Pa Seller DisclosureLead_paint_paMEDIUM

A Pennsylvania property built in 1945 is being sold as a 'fixer-upper.' The listing states the home needs extensive renovation. Must the seller still comply with lead paint disclosure requirements?

Correct Answer

A) Yes, the lead paint disclosure requirement applies regardless of the property's condition or the buyer's intended use

The lead paint disclosure requirement for pre-1978 homes applies regardless of the property's condition, the sale price, or the buyer's intended use. A 'fixer-upper' designation does not create an exemption.

Answer Options
A
Yes, the lead paint disclosure requirement applies regardless of the property's condition or the buyer's intended use
B
No, because 'fixer-upper' properties are exempt from disclosure requirements
C
No, because the buyer is accepting the property in its current condition
D
Yes, but only if the renovation involves disturbing painted surfaces

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Related Topics & Key Terms

Key Terms:

lead_paintfixer_upperas_is_saledisclosure_required

Related Concepts

Protected classes are groups of people who are legally shielded from discrimination based on specific characteristics.

Radon disclosure involves informing buyers about the presence or potential presence of radon gas in a property. Radon is a naturally occurring radioactive gas that can accumulate in buildings and is the second leading cause of lung cancer.

Fair housing laws apply to a broad range of activities related to housing, including sale, rental, financing, and advertising.

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