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SALE AGREEMENT # __________________ RESIDENTIAL
LEAD-BASED PAINT DISCLOSURE ADDENDUM
Buyer(s) ______________________________________________________________________________________________________________ 1 Seller(s) ______________________________________________________________________________________________________________ 2 Property Address or Tax ID # ______________________________________________________________________________________________ 3 ________________________________________________________________________________________________________ (the “Property”) 4 This Lead-Based Paint Disclosure Addendum (this “LBP Disclosure Addendum”) must be part of every Real Estate Sale Agreement for the sale of 5 property containing one or more structures built before 1978 currently used or intended for use as a residence. 6 1. LEAD WARNING STATEMENT: Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 7 is notified such property may present exposure to lead from lead-based paint, which may place young children at risk of developing lead poisoning. 8 Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, 9 behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in residential 10 real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller's 11 possession and notify the buyer of any known lead-based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is 12 recommended prior to purchase. 13 2. SELLER’S AGENT’S ACKNOWLEDGMENT: Agent has informed Seller of Seller's obligations under 42 U.S.C. § 4852d and is aware of Agent’s 14 responsibility to ensure compliance with 40 C.F.R. 745 Subpart F. 15 Seller's Agent(s) Initials Required: ________ / ________ 16 3. SELLER'S DISCLOSURE: 17 (a) Seller must select either (i) or (ii) below regarding the presence of lead-based paint and/or lead-based paint hazards: 18 (i) Seller has knowledge of lead-based paint and/or lead-based paint hazards at the Property. ( explain ) 19 ___________________________________________________________________________________________________________ 20 ___________________________________________________________________________________________________________ 21 (ii) Seller has no knowledge of lead-based paint and/or lead-based paint hazards in the Property. 22 (b) Seller must select either (i) or (ii) below regarding records and reports available to Seller: 23 (i) Seller has provided Buyer with all available records and reports pertaining to lead-based paint and/or lead-based paint hazards at 24 the Property. ( list documents ) _____________________________________________________________________________________ 25 _____________________________________________________________________________________________________________ 26 (ii) Seller has no records or reports pertaining to lead-based paint and/or lead-based paint hazards at the Property. 27 4. BUYER'S ACKNOWLEDGMENT: 28 (a) Buyer acknowledges receipt of the statements made by Seller in Section 3 (Seller’s Disclosure). 29 (b) If Seller has selected item 3.(b)(i) of the Seller’s Disclosure, Buyer ( select one ) has has not received the documents listed above. If 30 Buyer selected “has not,” Buyer may terminate this transaction before the earlier of receipt of those documents or Closing. If Buyer selected 31 “has not” and later receives those documents, Buyer will subsequently have no right to terminate under this LBP Disclosure Addendum and 32 will initial here: Buyer Initials ________ / ________ Date __________________ 33 (c) Buyer has received the EPA pamphlet “ Protect Your Family from Lead in Your Home” which is attached to this LBP Disclosure Addendum. 34 (d) Buyer must select either (i) or (ii) below, confirming Buyer has: 35 (i) received a ten (10) calendar day opportunity (or mutually agreed upon period) to conduct a risk assessment or inspection for the 36 presence of lead-based paint and/or lead-based paint hazards; or 37 (ii) waived the opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint 38 hazards. 39 5. RIGHT OF TERMINATION: Buyer has the right to terminate the Sale Agreement: 40 (a) by giving Seller Notice of termination during the LBP Contingency Period described in the Sale Agreement; or 41 (b) any time before Seller delivers to Buyer or Buyer’s Agent both (i) EPA Pamphlet “ Protect Your Family From Lead in Your Home ,” and (ii) 42 any information, records, or reports available to Seller regarding lead-based paint and/or lead-based paint hazards at the Property. 43 4 4 Cooper Dyer Trust, Daniel Cooper TTEE, Cooper Dyer Trust, Melanie Dyer TTEE 69210 Harness, Sisters, OR 97759
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Buyer Initials ________ / ________ Date ____________
Seller Initials ________ / ________ Date ____________ 09/25/2024
LINES WITH THIS SYMBOL Í REQUIRE A SIGNATURE AND DATE OREF 021 | Released 07/2024 | Page 1 of 2 No portion of this form may be reproduced without the express permission of Oregon Real Estate Forms, LLC | Copyright Oregon Real Estate Forms, LLC 2022 This form has been licensed for use solely by the user named below under the terms of the Oregon Real Estate Forms license agreement located at: https://orefonline.com/oref-forms-license-terms-and-conditions.
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