Environmental
The Toxic Substances Control Act (TSCA) most relevantly requires Indiana real estate parties to consider:
ARadon testing in all sales
BLead paint disclosure in pre-1978 housing and PCB management in electrical equipment✓ Correct
CAnnual environmental inspections of all commercial property
DAsbestos removal before any property sale
Explanation
TSCA regulates toxic substances including lead-based paint (in pre-1978 housing) and PCBs (in electrical equipment). TSCA's lead-based paint requirements directly affect Indiana residential real estate sales and rentals.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
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