Lead Based Paint Disclosure Question
HI BP,
My partner is looking to purchase a home and the contract includes a risk assessment contingency shown here http://i.imgur.com/y6Inpo8.png "Contract of sale is contingent upon risk assessment or inspection by purchaser for presence of lead based paint/and lead based paint hazards" along with a disclosure stating no knowledge of lead based paint.
My partner feels it's a major concern, and has never seen this type of contingency before but from what I've read its the law. Can someone confirm if this is standard language/practice? Would opting out of this assessment be the best step forward? What advice would you provide?