TREC Form OP-L Addendum for Seller's Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards as Required by Federal Law - Texas

What Is TREC Form OP-L?

This is a legal form that was released by the Texas Real Estate Commission - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the TREC Form OP-L Addendum?A: The TREC Form OP-L Addendum is a document used in Texas for sellers to disclose information about lead-based paint and lead-based paint hazards in accordance with federal law.

Q: Why is the TREC Form OP-L Addendum required?A: The TREC Form OP-L Addendum is required to inform potential buyers about the presence of lead-based paint or lead-based paint hazards in the property.

Q: What information does the TREC Form OP-L Addendum include?A: The TREC Form OP-L Addendum includes details about the presence of lead-based paint or lead-based paint hazards, as well as any known testing or remediation that has been done.

Q: Who is responsible for completing the TREC Form OP-L Addendum?A: The seller is responsible for completing the TREC Form OP-L Addendum.

Q: When should the TREC Form OP-L Addendum be completed?A: The TREC Form OP-L Addendum should be completed and provided to potential buyers before a sales contract is signed.

Q: Are there any exemptions from completing the TREC Form OP-L Addendum?A: Certain types of properties, such as housing built after 1978 or properties without any known lead-based paint or hazards, may be exempt from completing the TREC Form OP-L Addendum.

Q: What should buyers do with the information provided in the TREC Form OP-L Addendum?A: Buyers should carefully review the information provided in the TREC Form OP-L Addendum and seek additional inspections or assessments if they have concerns about lead-based paint or hazards.

Q: Is the TREC Form OP-L Addendum the only document required for lead-based paint disclosures?A: No, in addition to the TREC Form OP-L Addendum, federal law also requires sellers to provide buyers with the EPA pamphlet 'Protect Your Family from Lead in Your Home.'

Q: Is the TREC Form OP-L Addendum specific to Texas?A: Yes, the TREC Form OP-L Addendum is specific to Texas and is used to comply with state and federal requirements for lead-based paint disclosures.