Lead Based Paint Addendum
warrants that the home was built (check and/or complete one):
_____ In the year of 19___
_____ Before 1978.
_____ In or after 1978.
_____ Seller cannot warrant year home was built.
the event this home was constructed before 1978 or should contract not
clearly establish that home was built during or after 1978 all parties
acknowledge and agree that:
Seller warrants that they neither have knowledge of, nor
records or reports pertaining to lead-based paint and/or lead based
paint hazards in the property.
Said contract on home constructed prior to 1978 is also
contingent upon a risk assessment or inspection of the property for
the presence of lead based paint and/or lead based paint hazards at
the purchasers expense until 9pm on the tenth calendar day after
contract acceptance (intact lead based paint that is in good condition
is not necessarily a hazard.
See EPA pamphlet “protect
your family from lead in your home” for more information.)
This contingency will terminate at the above pre-determined
deadline unless the purchaser delivers to seller a written contract
modification (addendum) listing the specific existing deficiencies and
corrections needed, together with a copy of the inspection and/or risk
assessment report. The
seller may within 10 days of delivery of the addendum, elect in
writing whether to correct the condition prior to settlement. If
seller will correct the condition, the seller shall furnish the
purchaser with a certificate from a risk assessor or inspector
demonstrating that the condition has been remedied before the date of
settlement. If the seller does not elect to make repairs, or if the
seller makes a counter offer, the purchaser shall have 10 days to
respond to the counter offer or remove the contingency and take the
property in “as is” condition, or this contract shall become void
and all earnest monies shall be refunded. The purchaser may remove
this contingency at any time without cause.
OF ACCURACY: The following parties have reviewed the information above
and certify, to the best of their knowledge, that the information they
have provided is true and accurate.