NEW RADON LAW

The Illinois Radon Awareness Act requires that before the sale of any residential real property, the seller gives to the buyer a new statutory form that states the property may present the potential for radon exposure.

This Act will contain some exemptions (e.g., transactions under a court order, judicial deed, and from one co-owner to another). The effective date is January 1, 2008.

The structure of this law appears to be very similar to that of the lead-based paint disclosure law where a disclosure form is completed and the buyer is presented with a pamphlet. In this case, the pamphlet is entitled "Radon Testing Guidelines for Real Estate Transactions".