Mandatory Asbestos Disclosure in Housing: Safer Homes for Buyers and Renters
New rules require sellers and landlords to disclose asbestos information in homes built before 2019. This gives buyers and renters a 10-day period to inspect properties for asbestos, increasing their safety and awareness of health risks.
Key points
Sellers and lessors must disclose any known asbestos hazards and provide available asbestos hazard evaluation reports.
Buyers and lessees get a 10-day period to conduct their own risk assessment or inspection for asbestos hazards before committing to a contract.
All sale and lease contracts will include a clear Asbestos Warning Statement, informing about the risk of lung disease and cancer.
Violations can lead to significant monetary penalties, civil liability (3 times the damages incurred), and other legal actions.
Introduced
Citizen Poll