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This addendum provides necessary information regarding lead-based paint and related hazards in housing built before 1978, ensuring proper disclosure from landlords to tenants about potential risks
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How to fill out lead paint addendum
How to fill out Lead Paint Addendum
01
Obtain the Lead Paint Addendum form from your local real estate office or website.
02
Read the instructions provided with the form carefully.
03
Fill out the property address and relevant details about the property.
04
Indicate whether the property was built before 1978, as this is when lead paint regulations began.
05
Disclose any known lead-based paint hazards in the property.
06
Sign and date the form, as well as have the buyer or tenant sign and date it.
07
Provide a copy of the completed addendum to all parties involved.
Who needs Lead Paint Addendum?
01
Home sellers of properties built before 1978.
02
Landlords renting properties built before 1978.
03
Real estate agents representing sellers or landlords.
04
Buyers or tenants of properties built before 1978.
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People Also Ask about
What is a lead paint addendum?
Title X directs EPA and the Department of Housing and Urban Development (HUD) to require the disclosure of known information on the presence of lead-based paint and lead-based paint hazards before the sale or lease of most housing built before 1978.
What is a lead addendum?
Including a lead warning statement in the lease The lease agreement must include a specific lead warning statement to confirm that the landlord has complied with federal law and all notification requirements, ensuring that tenants are aware of any known lead hazards in the property.
Does USDA require lead-based paint disclosure?
Yes, there are a few exceptions to the lead paint disclosure requirement for landlords. Most private and public housing is covered by this requirement, but exemptions generally include: Housing built during or after 1978. Dormitories, lofts, and efficiencies that don't have separate bedrooms.
Do I need a lead-based paint addendum if the property was built 1978?
Sellers and landlords must disclose known lead-based paint and lead-based paint hazards and provide a report to buyers and renters. Sellers and landlords must give buyers and renters the pamphlet developed by EPA, HUD, and the Consumer Product Safety Commission (CPSC), titled Protect Your Family from Lead in Your Home.
What is the lead paint addendum that must be presented?
The lead paint addendum is a legal document that must be included with the purchase and sale contract when transacting homes built before 1978. This requirement is due to the potential exposure to lead-based paint, which poses health risks, particularly to children, as it can cause an elevated blood lead level.
Is it okay to buy a house with lead-based paint?
Though lead-based paint for use in homes was banned in the U.S. in 1978, it is still present in millions of homes. Lead-based paint is usually not a hazard if it is in good condition. However, deteriorating (peeling, chipping, chalking, ing, or damaged) lead-based paint is a hazard and needs prompt attention.
What happens if the seller doesn't disclose lead paint?
Home sellers who fail to comply with federal disclosure responsibilities may be sued by the buyer for damages suffered. These can be quite hefty, especially if young children have developed a lead-related health problem (over $10,000, depending on the violation). Other penalties can also be imposed.
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What is Lead Paint Addendum?
The Lead Paint Addendum is a legal document used in real estate transactions that discloses the presence of lead-based paint in properties built before 1978, as mandated by federal law.
Who is required to file Lead Paint Addendum?
Sellers and landlords of residential properties built before 1978 are required to file the Lead Paint Addendum.
How to fill out Lead Paint Addendum?
To fill out a Lead Paint Addendum, the seller or landlord must complete the form by providing details about the property, indicating if lead-based paint is present, and giving any known history of lead paint hazards.
What is the purpose of Lead Paint Addendum?
The purpose of the Lead Paint Addendum is to inform potential buyers and tenants about the risks of lead-based paint exposure and ensure compliance with federal regulations.
What information must be reported on Lead Paint Addendum?
The Lead Paint Addendum must report the presence of lead-based paint, any known lead hazards, the date of inspection if done, and any relevant records or reports regarding lead exposure.
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