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Pa Seller DisclosureLead_paint_paMEDIUM

A seller in Pennsylvania is selling a pre-1978 home. The buyer and seller agree to shorten the lead paint inspection period from 10 days to 5 days. Is this permitted under federal law?

Correct Answer

D) Yes, the parties may mutually agree in writing to shorten or lengthen the inspection period

Under 24 CFR §35.90, the parties may mutually agree to change the 10-day inspection period. They can shorten it, lengthen it, or the buyer can waive it entirely, as long as the agreement is mutual and in writing.

Answer Options
A
No, the 10-day period cannot be shortened under any circumstances
B
Yes, but only with the approval of both real estate agents
C
No, the inspection period can only be lengthened, not shortened
D
Yes, the parties may mutually agree in writing to shorten or lengthen the inspection period

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Related Topics & Key Terms

Key Terms:

lead_paintinspection_periodmutual_agreementmodification

Related Concepts

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.

A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.

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