Disclosure Requirements

Seller Disclosure

Applies to: Sales of not less than 1 or not more than 4 residential dwelling units (includes leases with options to purchase

Exemptions:

• Court ordered transfers
• Foreclosure sales/deeds in lieu and subsequent sale from lender
• Transfers from non- occupant fiduciaries
• Transfers from one co-tenant to another co-tenant
• Divorce proceeding transfers
• Transfers to or from governmental entity
• A builder’s sale of newly constructed never-been-inhabited home

Agency Disclosure

Applies to: Sales or leases of not less than 1 or not more than 4 residential dwelling units or consisting of a residential building site on either a lot or condominium unit

Exemptions:

NONE

Lead-Based Paint Disclosure

Applies to: Sales or leases of all residential housing built prior to 1978

Exemptions:

• Foreclosure sales (subsequent sale from lender NOT exempt)
• Rental housing where there has been a formal declaration that it is “lead-based paint free”
• Short term leases of 100 days or less, when no renewal or extension can occur
• Lease renewals after initial compliance with lead based paint disclosure requirements
• Zero bedroom dwellings (e.g., dorm rooms, studio apartments)
• Housing exclusively for elderly or persons with disabilities (unless children are living there)