Lead-Based Paint Disclosure
The federal requirement that sellers and landlords of pre-1978 housing disclose known lead hazards, provide an EPA pamphlet, and allow a 10-day inspection.
Federal law requires that for housing built before 1978, the seller or landlord disclose any known lead-based paint or hazards, provide the buyer or tenant with an EPA-approved pamphlet, and include a warning in the contract.
A buyer must be given a 10-day period to conduct a lead inspection or risk assessment, although the buyer may waive it. Housing built in 1978 or later is exempt.
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- Material Fact
A fact that affects the value or desirability of property and that a licensee must disclose if it is not readily observable.
- Johnson v. Davis
The 1985 Florida Supreme Court decision requiring sellers of residential property to disclose known material defects not readily observable to the buyer.
This definition is Florida real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.