Contracts
What is a 'lead-based paint disclosure addendum' and when is it required in Hawaii contracts?
AA. Required for all Hawaii property sales regardless of age
BB. Required as part of purchase contracts for residential properties built before 1978, including EPA pamphlet delivery and disclosure of known lead-based paint✓ Correct
CC. Only required for rental contracts in Hawaii, not sales
DD. Only required when the buyer requests lead paint testing
Explanation
Federal law (TSCA Section 1018) requires that sales contracts for pre-1978 residential properties include a lead-based paint disclosure addendum. The seller must: disclose any known lead-based paint or hazards, provide available inspection reports, and give the buyer the EPA pamphlet 'Protect Your Family from Lead in Your Home.' The buyer gets 10 days to inspect unless waived in writing.
Related Hawaii Contracts Questions
- A Hawaii real estate purchase contract is an example of which type of contract?
- In Hawaii, an 'earnest money' deposit in a real estate transaction serves to:
- Under Hawaii law, an offer that has been mailed is considered accepted when:
- What is a 'home inspection contingency' and how does it protect Hawaii buyers?
- In Hawaii, consideration in a real estate contract must be:
- What is a 'purchase price allocation' in a Hawaii commercial real estate transaction and why does it matter?
- In Hawaii, what is the 'risk of loss' rule for real estate under contract?
- Under the Statute of Frauds, which of the following real estate agreements must be in writing to be enforceable?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →