Form Hud 9548 E PDF Details

When purchasing a HUD-owned property, buyers are faced with numerous considerations, among which health and safety concerns stand out, specifically regarding radon gas and mold. The HUD-9548 E Form, titled "Radon Gas and Mold Notice and Release Agreement," is a pivotal document provided by the U.S. Department of Housing and Urban Development. This form serves a dual purpose: it notifies purchasers of the potential health risks posed by radon and mold present in the property and also acts as a release agreement, whereby buyers acknowledge the property is sold "AS IS," without any representation concerning the condition of the property regarding these hazards. The form effectively absolves the seller—the Secretary of the U.S. Department of Housing and Urban Development, its officers, employees, agents, successors, and assigns, alongside the independent management and marketing contractor (M & M Contractor)—of any knowledge concerning the presence of radon or mold, save for what has been previously disclosed. It highlights the importance of professional inspections and tests for these substances before closing and makes clear the purchaser's responsibility for any remediation and related health effects. By signing the form, buyers not only acknowledge their understanding and acceptance of these terms but also release and hold harmless the seller and the M & M Contractor from any future claims related to radon or mold in the property. This document underscores the buyer's reliance on professional advice for any matters related to radon and mold, pointing out that real estate brokers and agents are generally not qualified to counsel on these issues. The HUD-9548 E form embodies a critical acknowledgment and agreement process, ensuring buyers are fully informed and take on specified responsibilities concerning radon and mold in the property they are intending to purchase.

QuestionAnswer
Form NameForm Hud 9548 E
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesGENERAL HUD 9548 E Radon Gas Mold hud radon gas mold form

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Radon Gas and Mold Notice

U.S. Department of Housing

and Release Agreement

and Urban Development

 

 

Office of Housing

 

 

Federal Housing Commissioner

Property Case #:

 

 

 

Property address:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PURCHASERS ARE HEREBY NOTIFIED AND UNDERSTAND THAT RADON GAS AND SOME MOLDS HAVE THE POTENTIAL TO CAUSE SERIOUS HEALTH PROBLEMS.

Purchaser acknowledges and accepts that the HUD-owned property described above (the “Property”) is being offered for sale “AS IS” with no representations as to the condition of the Property. The Secretary of the U.S. Department of Housing and Urban Development, his/her officers, employees, agents, successors and assigns (the “Seller”) and ______________________________________, an independent management and marketing contractor

(“M & M Contractor”) to the Seller, have no knowledge of radon or mold in, on, or around the Property other than what may have already been described on the web site of the Seller or M & M Contractor or otherwise made available to Purchaser by the Seller or M & M Contractor.

Radon is an invisible and odorless gaseous radioactive element. Mold is a general term for visible growth of fungus, whether it is visible directly or is visible when barriers, such as building components (for example, walls) or furnishings (for example, carpets), are removed.

Purchaser represents and warrants that Purchaser has not relied on the accuracy or completeness of any representations that have been made by the Seller and/or M & M Contractor as to the presence of radon or mold and that the Purchaser has not relied on the Seller’s or M & M Contractor’s failure to provide information regarding the presence or effects of any radon or mold found on the Property.

Real Estate Brokers and Agents are not generally qualified to advise purchasers on radon or mold treatment or its health and safety risks. PURCHASERS ARE ENCOURAGED TO OBTAIN THE SERVICES OF A

QUALIFIED AND EXPERIENCED PROFESSIONAL TO CONDUCT INSPECTIONS AND TESTS REGARDING RADON AND MOLD PRIOR TO CLOSING. Purchasers are hereby notified and agree that they are solely responsible for any required remediation and/or resulting damages, including, but not limited to, any effects on health, due to radon or mold in, on or around the property.

In consideration of the sale of the Property to the undersigned Purchaser, Purchaser does hereby release, indemnify, hold harmless and forever discharge the Seller, as owner of the Property and separately, M & M Contractor, as the independent contractor responsible for maintaining and marketing the Property, and its officers, employees, agents, successors and assigns, from any and all claims, liabilities, or causes of action of any kind that the Purchaser may now have or at any time in the future may have against the Seller and/or M & M Contractor resulting from the presence of radon or mold in, on or around the Property.

Purchaser has been given the opportunity to review this Release Agreement with Purchaser’s attorney or other representatives of Purchaser’s choosing, and hereby acknowledges reading and understanding this Release. Purchaser also understands that the promises, representations and warranties made by Purchaser in this Release are a material inducement for Seller entering into the contract to sell the Property to Purchaser.

Dated this ____ day of ____________, 20__.

 

 

 

 

Purchaser’s Signature

Purchaser’s Signature

 

 

 

Purchaser’s Printed Name

Purchaser’s Printed Name

Form HUD-9548-E (6/2004)

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