The lead paint addendum with a purchase contract for older homes will provide the buyer with:

The lead paint addendum with a purchase contract for older homes is designed to address the presence of lead-based paint, which can be a health hazard, particularly in homes built before 1978 when the use of lead paint was banned in residential properties.

Option A is correct because the addendum provides the buyer an opportunity to waive the right to a lead paint inspection if they choose. This is important because under federal law, sellers of homes built before 1978 must disclose any known lead-based paint hazards and give buyers a certain amount of time to conduct an inspection. If the buyer decides they do not wish to have the property inspected for lead paint, the addendum allows them to formally waive this right, understanding the risks involved. It ensures that both parties are clear about the buyer's decision regarding the inspection.

On the other hand, the other options do not accurately reflect the intent or stipulations of the lead paint addendum. The addendum does not require the removal of all lead paint prior to closing, nor does it specify that only interior walls must be addressed. Additionally, it also does not impose liability on the buyer for any lead-related medical issues, as any liability would typically fall on the seller if they knowingly failed to disclose lead paint