Contracts
In Montana, a 'lead-based paint contingency' in a purchase agreement for a pre-1978 home allows the buyer to:
ARequire the seller to remove all lead paint at the seller's expense
BConduct an inspection and, if lead hazards are found, negotiate remediation with the seller or cancel the contract✓ Correct
CAvoid the standard 10-day inspection period requirement
DRequire the seller to provide a lead-free certification before closing
Explanation
A lead-based paint contingency gives the buyer the right to conduct a lead inspection and risk assessment. If lead hazards are found, the buyer can negotiate remediation, request a price reduction, or cancel the contract and recover earnest money.
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