What is the lead-based paint disclosure requirement for residential property?

Federal law requires sellers and landlords of residential property built before 1978 to disclose known information about lead-based paint and lead-based paint hazards. Sellers must provide buyers with a copy of the EPA pamphlet "Protect Your Family From Lead in Your Home," disclose any known lead paint or hazards, share available reports or records, and include a lead paint warning in the sales contract. Buyers must be given a ten-day period to conduct a lead inspection at their own expense.