LBP Addendum
LEAD-BASED PAINT DISCLOSURE ADDENDUM
SELLER HAS NO RECORDS OR REPORTS PERTAINING TO LEAD-BASED PAINT
AND/OR LEAD-BASED PAINT HAZARDS
Property Case #: 241-807252
Property Address: 25467 STILL POND NECK RD., WORTON, MD, 21678
Lead Warning Statement
Every Purchaser of any interest in residential real property on which a residential dwelling was built before
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 property is required to provide the Purchaser with any information on lead-based paint hazards from
risk assessments or inspections in the HUD's possession and notify the Purchaser of any known lead-based
paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended before
purchase.
Inspection Contingency
Seller has no records or reports pertaining to lead-based paint and/or lead-based paint hazards. The Purchaser
has a contingency period that expires fifteen (15) calendar days from the date the Contract is accepted by HUD, to conduct at the Purchaser's expense, an independent lead-based paint inspection, visual assessment for
deteriorated paint, or risk assessment. The Purchaser may withdraw from the contract by providing written
notice of withdrawal on or before the contingency expiration date (as evidenced by the postmark on the
purchaser's notice of withdrawal). The Purchaser will be entitled to a refund of earnest money only if the
Purchaser obtains an independent lead-based paint inspection performed by a Certified Lead-BASED Paint
Inspector or Risk Assessor, and the Purchaser provides HUD with a copy of the inspection report.
Financing Type (Selling Broker to initial applicable clause)
_____ No FHA Financing of Property Constructed Prior to 1978: The purchase of this property is not being
financed with the FHA insured loan. The purchaser has an inspection contingency that expires 15 days from
the date of the Purchaser's signature below. The property is being sold as is with respect to all conditions
including, subject to the above contingency, the potential presence of lead or lead-based paint hazards.
_____ Any FHA Insured Financing Except 203(k): This property is being sold subject to FHA insured
financing under any program other than a 203 (k) Rehabilitation Mortgage. Upon contract execution the HUD
will procure a lead-based paint inspection and will deliver the inspection report to the Selling Broker by
overnight delivery service along with a paint stabilization plan and cost estimate if deteriorated lead-based paint
is found and a supplemental Lead-Based Paint Disclosure Addendum.
The Purchaser shall have the right to review the inspection report, paint stabilization plan and cost estimate.
If deteriorated lead-based paint was identified in the Report, HUD will only perform stabilization if the cost
estimate is $4000.00 or less. If the cost estimate is greater than $4000.00, HUD at its sole discretion may: (1)
cancel the sales contract, or (2) allow the purchaser to amend the contract financing to FHA 203k or
conventional. In the event that HUD cancels the sale, the purchaser will be entitled to a 100% refund of earnest
money.
If the cost estimate is $4,000.00 or less and the Purchaser is dissatisfied with the information provided, the
Purchaser may withdraw from the contract and receive a full refund of earnest money by providing written
notification to HUD of the intention to withdraw. Written notification must be postmarked by the latest of fifteen
(15) calendar days from the date the contract is accepted by HUD or two (2) business days following the date
of the Purchaser's signature on the supplemental Lead-Based Paint Disclosure Addendum.
If deteriorated lead-based paint was identified in the Report and the Purchaser does not exercise its option to
withdraw from the sale contract, HUD will stabilize the deteriorated lead-based paint in accordance with the
stabilization plan and obtain lead clearance by the close of the escrow period or any extensions thereof.
_____ FHA 203(k) Financing: This property is being sold subject to a 203(k) Rehabilitation mortgage. Upon
contract execution HUD will procure a lead-based paint inspection and will deliver the Report to the Purchaser
by overnight delivery service along with a lead-based paint stabilization plan, if deteriorated lead-based paint is
found, and a supplemental Lead- Based Paint Disclosure Addendum.
The Purchaser shall have the right to review the inspection report, paint stabilization plan and cost estimate. If
the Purchaser is dissatisfied with the information provided, the Purchaser may withdraw from the contract and
receive a full refund of earnest money by providing written notification to the Seller of the intention to withdraw.
Written notification must be postmarked by the later of fifteen (15) calendar days from the date of the
Purchaser's signature below, or two (2) business days following the date of the Purchaser's signature on the
supplemental Lead-Based Paint Disclosure Addendum.
If deteriorated lead-based paint was identified in the report and the purchaser does not exercise its option to
withdraw from the sale contract, the purchaser shall stabilize the deteriorated lead-based paint as part of its
work plan for the property rehabilitation and shall obtain lead clearance before the occupancy. Purchaser shall
complete the 203(k) Rehabilitation Financing Lead Agreement form.
Purchaser Acknowledgment (initial)
_____ Purchaser has received the pamphletProtect Your Family from Lead in Your Home.
_____ Purchaser has received a 15-day opportunity to conduct a risk assessment or inspection for the
presence of lead-based paint and/or lead-based paint hazards.
Selling Broker Acknowledgment (initial)
_____ Selling Broker is aware of his/her responsibility to ensure compliance with 42 U.S.C 4852d.
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.
Seller__________________________________ Buyer__________________________________________