GRAR Lead Compliance Addendum Purchase Sale Contract 2009-2024 free printable template

SELLER. PROPERTY. Disclosure of information on Lead-Based Paint anchor Lead-Based Paint Hazards. Lead Warning Statement. Every buyer of any interest ...

How to fill out ny lead addendum form

How to fill out NY Lead Addendum:

1. The first step to filling out the NY Lead Addendum is to carefully read and understand each section of the form. Pay close attention to the instructions provided and any specific requirements mentioned.
2. Next, gather all the necessary information needed to complete the form. This may include personal details, property address, and any relevant lease or rental agreement information.
3. Review the questions and statements on the NY Lead Addendum and answer them accurately and truthfully. It is important to provide thorough and honest responses to ensure compliance with lead disclosure laws.
4. If there are any sections or questions that you are unsure about, seek clarification from a legal professional or consult the appropriate resources. It is essential to have a clear understanding of what is being asked in order to provide accurate information.
5. Once you have completed all sections of the NY Lead Addendum, review it carefully to ensure that there are no errors or omissions. Double-check all information provided and make any necessary corrections before finalizing the form.
6. Sign and date the NY Lead Addendum, indicating your agreement and acknowledgment of the information provided. It is crucial to sign the form with the appropriate authority, whether it is the property owner, tenant, or authorized representative.

Who needs NY Lead Addendum:

1. Property owners or landlords who own residential properties built before 1978 in the state of New York may need to use the NY Lead Addendum. This form is often required by law to disclose information about the presence of lead-based paint or potential lead hazards to tenants or occupants.
2. Tenants or occupants who are renting or leasing residential properties built before 1978 may also need to be provided with the NY Lead Addendum. It is essential for them to receive accurate and comprehensive information about lead-based paint or potential risks associated with lead exposure.
3. Real estate agents, property managers, and other professionals involved in the rental or leasing process may also need to be familiar with the NY Lead Addendum. They may assist property owners or tenants in completing the form accurately and ensuring compliance with lead disclosure requirements.

Video instructions and help with filling out and completing ny lead addendum

Instructions and Help about 2009 grar addendum print form

I brought everybody Michael Walter from taking action today calm and in this video I want to show you how to fill out your purchase agreement for your properties that you've negotiated you're ready to buy and then you most likely are going to go ahead and wholesale these deals, so I'm going to walk you through the process of filling out the paperwork and then get it to the title company so here's your standard purchase and sales agreement made by in between we'll say Jo seller whose address is this is the home you're buying that's going to be one two three Megan Street Cleveland agrees to sell save Mike invest dork here and after called the buyer whose address is throw your address in there the real property described as the following put the physical address that's the 1-2-3 Main Street not for your purchase price let's say we negotiate this deal to $10,000 so right in 10,000 and spell it out as well earnest money buyer agrees to pay on our contract we put it 10 dollars as refundable earnest money to be applied towards a purchase price upon closing of the property earnest money to be held by the buyer or title company or closing agent, so that makes it pretty easy on our end down here we got property included in the purchase price you could put anything you negotiate in here with the seller I mean if they want to throw in a lot more you put that in here you know we have all the fixtures the fans appliances if we negotiate that anything the tool you agree to that's where you'll put that in their over here we have a few items we cover you know consult an attorney with any questions on the contract inspection properties being sold as is taxes this could go to whatever you negotiate check out public records see if there are taxes owed on it a lot of times you'll end up assuming them if you negotiate it a good enough deal just because the seller is distressed they want out so a lot of times you'll assume the text is closing on our contract we played that a buyer pays the closing cost same thing we negotiate a perfect deal on the front end, so we cover the cost to get it done go ahead and date the contract here's where Joe seller signs and then the buyer is Mike investor there now we have a solid contract here next we want to fill out our assignment a contract our contracts filled out we are searching for cash buyer to sell this contract they're going to bring all the money to the table including our assignment fee and cash us out so start out for valuable consideration the receipt and sufficiency of which is hereby acknowledged Mike investor hereby transfer and assign to will say cash investment group writes an interest that contract between Jo seller here you put the property description that's the one two three main street for the consideration of the sum of let's say we agreed to sell our contract for $2,500, so you put twenty-five hundred write it out as well 2,500 the assignment fee will be added to the overall purchase price of the property...

People Also Ask about ny lead addendum

When was lead paint banned?

Lead-based paints were banned for residential use in 1978. Homes built in the U.S. before 1978 are likely to have some lead-based paint. When the paint peels and cracks, it makes lead paint chips and dust.

What is 42 usc 4852d?

42 U.S. Code § 4852d - Disclosure of information concerning lead upon transfer of residential property. permit the purchaser a 10-day period (unless the parties mutually agree upon a different period of time) to conduct a risk assessment or inspection for the presence of lead-based paint hazards.

Who is the burden of complying with the lead-based paint disclosure law?

Sellers, landlords, and agents are responsible for compliance.

Which of these is required in a lead-based paint disclosure?

What must a lead paint disclosure include? The disclosure form should summarize the federal law (the Residential Lead-Based Paint Hazard Reduction Act of 1992) that created the requirement, notifying the tenant that homes built prior to 1978 typically used lead-based paints and that they pose a health risk if ingested.

What is the HUD EPA lead disclosure rule?

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.

Is lead-based paint disclosure required on FHA refinance?

The FHA/HUD official site reminds residents and landlords that the “Lead Disclosure Rule” requires home sellers and landlords of housing, “built before 1978 to disclose to purchasers and potential tenants knowledge of lead-based paint or lead-based paint hazards using a disclosure form, signed by both parties, attached

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Who is required to file ny lead addendum?

In New York State, the seller of a residential property built before 1978 is required to provide a Lead-Based Paint Addendum to potential buyers. This addendum contains information about any known lead-based paint or lead-based paint hazards that may be present in the property.

How to fill out ny lead addendum?

To fill out a New York (NY) Lead Addendum, follow these steps: 1. Obtain the lead addendum form: You can typically find this form on the New York State Department of Health or your local government's official website. If you are a tenant, the landlord should provide you with the lead addendum form. 2. Fill out the property details: Start by filling in the address and other relevant property information at the top of the addendum form. Include information such as the unit number, landlord's name, and tenant's name. 3. Section 1: Lease/Rental Agreement: In this section, you need to mention the lease or rental agreement's start and end dates. Include the total lease term, such as a year, month-to-month, or other agreed period. 4. Section 2: Lead Warning Statement: This section consists of a warning statement indicating the potential hazards of lead-based paint. It is important to read and understand this statement. 5. Section 3: Identification of Lead-Based Paint or Lead-Based Paint Hazards: The landlord is responsible for providing information related to lead paint and potential hazards in the property. They should check the applicable boxes indicating the presence or absence of lead-based paint or lead-based paint hazards on the premises. 6. Section 4: Tenant Acknowledgment: The tenant(s) must read and understand this section's disclosures made by the landlord. This section also includes an acknowledgment box for the tenant's signature, indicating they have received and reviewed the disclosure information. 7. Section 5: Certification of Accuracy: This section is for the landlord's certification that the information provided in the lead addendum is true and accurate to the best of their knowledge. 8. Sign and date: The tenant(s) and landlord(s) need to sign and date the completed lead addendum to validate it. It is crucial to carefully review the lead addendum and seek legal advice, if necessary, before signing.

What is the purpose of ny lead addendum?

The purpose of a NY lead addendum is to provide information and disclosure concerning the presence of lead-based paint or potential lead-based hazards in residential rental properties located in New York. It serves to protect tenants and inform them about the potential risks associated with lead exposure, especially for children and pregnant women. The addendum is required to comply with the New York City Local Law 1 and New York State's Lead-Based Paint Poisoning Prevention Act.

What information must be reported on ny lead addendum?

The specific information required on a lead addendum in New York may vary depending on the specific regulations and requirements set by the state or local authorities. However, common information that is typically reported on a lead addendum may include: 1. Lead-based paint disclosure: The addendum should clearly state whether the property or unit contains lead-based paint, as well as the year it was built. 2. Lead hazard information: Any known or potential lead hazards within the property or unit should be reported. This can include information about deteriorating lead-based paint, known lead-contaminated soil or water, or any other lead-related hazards. 3. Lead testing or inspection results: If the property has been assessed or tested for lead, the addendum should include relevant information about the testing methods, dates, and the results of the tests. 4. Tenant education materials: Details about any educational materials or resources provided to tenants regarding lead-based paint, its potential hazards, and steps to prevent exposure should be included. 5. Tenant acknowledgment: The addendum should include a tenant acknowledgment section confirming that the tenant has received and reviewed the lead addendum. It is always recommended to consult the specific requirements of your local jurisdiction or seek legal advice to ensure compliance with the relevant laws and regulations.

When is the deadline to file ny lead addendum in 2023?

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