D.__The presence or prior removal of hazardous materials or elements on the residential real property, including, but not limited to:

(1)__Asbestos;

(2)__Lead-based paint;

(3)__Radon; and

(4)__Underground oil storage tanks; and

E.__Any material defects;

2.__Notice.__A notice to the purchaser containing the following language:__"The purchaser and the owner may obtain professional advice or inspections of the property and provide for appropriate provisions in a contract between them concerning any advice, inspections, defects or warranties obtained on the property"; and

3.__Representations of owner.__A notice to the purchaser containing the following language:__"The representations in this property disclosure statement are the representations of the owner and are not the representations of the agent.__This information is for disclosure only and is not intended to be a part of any contract between the purchaser and the owner."

If at the time the disclosures are required to be made, an item of information required to be disclosed under this subchapter is unknown or unavailable to the owner, the owner may comply with this subchapter by advising the purchaser of the fact that the information is unknown.

The information provided to the purchaser is based upon the best information available to the owner.__The owner is not obligated under this subchapter to make any specific investigation or inquiry in an effort to complete the property disclosure statement.

The purchaser shall acknowledge in writing receipt of the property disclosure statement.

§174.__Time of disclosure; cancellation of contract

1.__Time of disclosure.__The owner of residential real property under this subchapter shall deliver the property