Real Estate SD and LBP

REAL ESTATE SELLER'S DISCLOSURE AND LEAD-BASED PAINT DISCLOSURE

Parties and Effective Date

Seller Name:

Buyer Name:

Effective Date: Month Day Year

Property Identification

Transaction and Timing

Financing Contingency Period:    Inspection Period:

Anticipated Closing Date:    Possession Date:

Seller's Representations and Disclosures

The Seller represents, to the best of Seller's knowledge as of the Effective Date, that the following statements are true. Seller shall not knowingly withhold material facts that would affect the value or desirability of the property.

Are you aware of any material defects, structural issues, or significant repairs required? Yes No

Is the property known to have water intrusion, flooding, or unresolved water damage? Yes No

Known pest or termite infestation history? Yes No

Has any portion of the property been repaired or reconstructed following material damage (fire, flood, earthquake)? Yes No

Are there any known building code violations or permits unresolved? Yes No

Known environmental hazards on the property (asbestos, underground tanks, contaminated soil)? Yes No

Lead-Based Paint (LBP) Disclosure

Federal law requires that Sellers of residential properties built before 1978 provide a lead-based paint disclosure. The Seller must disclose any known information concerning lead-based paint and provide any available records or reports.

Year the dwelling was built:

Was the dwelling built before 1978? Yes No

Is the Seller aware of any known lead-based paint or lead-based paint hazards in the dwelling? Yes No

Are any lead-based paint records or reports available to the Seller? Yes No

Has the Buyer been provided with any lead-based paint information and the disclosure required by law? Yes No

Inspections, Remedies, and Closing Conditions

Buyer shall have the stated inspection period to conduct all inspections, tests, and investigations. Seller shall permit reasonable access for inspections. If material defects are discovered, Buyer may: (a) accept the property as-is in writing; (b) require Seller to cure specified defects prior to closing; or (c) terminate the transaction within the inspection period and receive return of earnest money, subject to the purchase agreement.

Default, Indemnification and Survival

If Buyer or Seller defaults under the purchase agreement, the non-defaulting party may pursue all remedies provided at law or in equity, including specific performance, damages, and recovery of reasonable attorneys' fees and costs if authorized by agreement or statute. Seller agrees to indemnify Buyer for losses arising from Seller's intentional misrepresentation or material omission in this Disclosure.

Governing Law and Entire Agreement

This Disclosure shall be governed by the laws of the state in which the property is located. This Disclosure, together with the purchase agreement and any addenda, constitutes the entire agreement between the Parties concerning the matters set forth herein and supersedes all prior agreements and understandings with respect to such matters.

Acknowledgment and Certification

The Seller certifies under penalty of perjury under the laws of the governing state that, to Seller's best knowledge after reasonable inquiry, the statements made in this Disclosure are true and complete. The Buyer acknowledges receipt of this Disclosure and any available lead-based paint records prior to or at execution of the purchase agreement.

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