Is lead paint disclosure required?

Is lead paint disclosure required?

Section 1018 of this law directed HUD and EPA to require the disclosure of known information on lead-based paint and lead-based paint hazards before the sale or lease of most housing built before 1978.

What is a lead paint disclosure form?

A lead-based paint disclosure form is a form issued to all tenants and potential buyers for residential properties built before 1978 to outline the property’s history of exposure to lead-based paint.

Who fills out the lead-based paint disclosure form?

Before ratification of a contract for housing sale or lease, sellers and landlords must disclose any known information concerning potential lead-based paint hazards and available records, must provide purchasers and lessees with a lead hazard information pamphlet and must include specific language in the lease or …

Who is responsible for disclosing the lead paint disclosure to the buyer?

The law requires anyone selling or leasing single- and multi-family housing units built before 1978 to disclose information about lead-based paint hazards to prospective buyers or tenants. Such disclosure must be made before a tenant or a homebuyer signs a lease agreement or a real estate sales contract.

Who is exempt from lead-based paint disclosure?

Lead-Based Paint Disclosure Exemptions Dwelling units with no bedrooms, such as a studio apartment. Dwelling units that are leased for 100 days or fewer, such as short-term rentals. Housing specifically designated for the elderly, provided children do not also reside on the premises.

Who must Signs lead-based paint Disclosure?

The Rule states that if an agent is involved in a transaction to sell target housing, the “Lead Warning Statement” must include a statement signed by the agent that the agent has informed the seller of the seller’s legal obligations and that the agent is aware of his/her duty to ensure compliance with the Rule.

Does FHA check for lead paint?

FHA borrowers in these situations must be given a 10-Day period “before becoming obligated to purchase the home to conduct a lead-based paint inspection or risk assessment to determine the presence of lead-based paint or lead-based paint hazards”. Borrowers also have the right to waive the opportunity to do this.

In which situation would a lead-based paint disclosure not need to be made?

Correct Answer: Property sold at foreclosure. Foreclosure sales of residential property are exempt from the federal lead-based paint disclosure regulations, but a subsequent resale by the purchaser in a foreclosure sale is not exempt.

Is there a lead warning statement for lead based paint?

Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards Lead Warning Statement. Housing built before 1978 may contain lead-based paint. Lead from paint, paint chips, and dust can pose health hazards if not managed properly.

Who is exempt from the lead paint disclosure rule?

The following conditions are exempt from the lead paint disclosure rule: Housing constructed after January 1, 1978 Units such as studios or lofts that do not contain a bedroom Rental agreements with a term of 100 days or fewer

Where does lead come from in New Hampshire?

Information For Tenants (Renters) Lead exposure can come from a number of sources, including drinking water and the soil around your house or apartment building. But the most common sources of lead exposure in New Hampshire come from lead-based paint and dust found in houses and apartments built before 1978.

What information do I need from my Landlord about lead-based paint?

Renters must receive the following from their landlord: An EPA-approved information pamphlet on lead-based paint hazards, Protect Your Family From Lead In Your Home (PDF). Any known presence of lead-based paint or lead-based paint hazards in the home or building.