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The Iowa Lead form is an essential document for anyone involved in the sale of residential properties built before 1978. This form helps protect buyers and their families from the potential dangers of lead exposure, which can occur from lead-based paint, dust, and soil. It outlines important information regarding lead-based paint hazards, emphasizing the risks to young children and pregnant women. Sellers are required to disclose any known lead-based paint hazards and provide any available records or reports related to lead risks. Buyers are encouraged to conduct a risk assessment or inspection before finalizing the purchase. The form also includes sections for both the seller and buyer to acknowledge receipt of the necessary information and pamphlets, ensuring that everyone is informed. Additionally, agents must confirm their awareness of the seller's obligations under federal law. By completing this form, all parties involved can better understand the potential risks and responsibilities associated with lead-based paint in older homes.

Iowa Lead Preview

Lead-Based Paint Disclosure (Sales)

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W ARNING! LEAD FRO M PAINT, DUST , AND SO IL CAN BE DANGERO US

IF NO T MANAGED PRO PERLY

Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint H azards

Lead W arning Statement

Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The Seller of any interest in residential 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 possession and notify the buyer of any known lead-based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended prior to purchase.

Seller's Disclosure

(a)Presence of lead-based paint and/or lead-based paint hazards (check (i) or (ii) below):

(i)______ Known lead-based paint and/or lead-based paint hazards are present in the housing (explain).

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(ii)_____ Seller has no knowledge of lead-based paint and/or lead-based paint hazards in the housing.

(b)Records and reports available to the seller (check (i) or (ii) below):

(i)______ Seller has provided the purchaser with all available records and reports pertaining to lead-based paint and/or lead- based paint hazards in the housing (list documents below).

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(ii)_____ Seller has no reports or records pertaining to lead-based paint and/or lead-based paint hazards in the housing.

Purchaser's Acknowledgment (initial)

(c)________ Purchaser has received copies of all information listed above.

(d)________ Purchaser has received the pamphlet Protect Your Family from Lead in Your Home.

(e)Purchaser has (check (i) or (ii) below):

(i)_____ received a 10-day opportunity (or mutually agreed upon period) to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards; or

(ii)_____ waived the opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead- based paint hazards.

Agent's Acknowledgment (initial)

(f)________ Agent has informed the seller of the seller' obligations under 42 U.S.C. 4852(d) and is aware of his/her responsibility to ensure compliance.

Seller Initials: ________ ___________ Buyer Initials: _________ ___________ Agent Initials: ________ _______

Certification 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. Penalties for failure to comply with Federal Lead-Based Paint Disclosure Laws include treble (3 times) damages, attorney fees, costs, and a penalty up to $10,000 for each violation.

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Document Attributes

Fact Name Fact Description
Governing Law The Iowa Lead-Based Paint Disclosure is governed by federal law, specifically 42 U.S.C. 4852(d).
Property Age This disclosure applies to residential properties built before 1978.
Lead Hazards Lead from paint, dust, and soil can be harmful, especially to young children and pregnant women.
Seller's Responsibility Sellers must provide buyers with any known information about lead-based paint hazards.
Recommended Action A risk assessment or inspection for lead-based paint hazards is recommended before purchasing.
Disclosure Requirement Sellers must check if lead-based paint hazards are present and explain if they are.
Records Availability Sellers must disclose whether they have any reports or records regarding lead hazards.
Purchaser's Acknowledgment Buyers must acknowledge receipt of information about lead hazards and the protective pamphlet.
Inspection Opportunity Buyers have a 10-day period to conduct a risk assessment unless they waive this right.
Penalties for Non-Compliance Failure to comply can result in significant penalties, including treble damages and fines.
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