Get the free Lead Based Paint Addendum - Lisa Davis Realtor CRS GRI - Taos bb
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DocuSign Envelope D: 8393 1 0F36 C92427 2 AF 44DE6BC6B0DEA6 I REALTORS ASSOCIATION OF NEW MEXICO LEAD.BASED PAINT ADDENDUM TO PURCHASE AGREEMENT Federal .2016 law requires Seller to provide to Buyer
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How to fill out lead based paint addendum
How to fill out lead based paint addendum:
01
Start by obtaining the necessary lead based paint addendum form. This can usually be obtained from your local real estate association, landlord association, or online resources.
02
Carefully read through the entire addendum form to familiarize yourself with its contents and requirements. Make sure you understand the purpose and implications of the addendum.
03
Gather all the relevant information and documentation needed to complete the addendum. This may include details about the property, such as the address, type of construction, and age.
04
Identify and disclose any known information about the presence of lead-based paint in the property. This may involve conducting a lead paint inspection or relying on previous reports or disclosures.
05
Ensure that all required parties sign and date the addendum. This typically includes the property owner or landlord and the tenant or buyer. It's important to have all parties acknowledge their understanding and agreement to the terms of the addendum.
06
Retain a copy of the completed addendum for your records. It is essential to maintain this documentation for future reference or potential legal purposes.
Who needs lead based paint addendum:
01
Property owners or landlords: If you are renting out a property that was constructed before 1978, you may be required to provide a lead-based paint addendum to prospective tenants. This is to inform tenants about the potential risks associated with lead-based paint.
02
Buyers or sellers of residential properties: If you are involved in the sale or purchase of a residential property built before 1978, it is important to include a lead-based paint addendum in the transaction. This is to ensure that buyers are properly informed about the presence of lead-based paint and can make an informed decision.
03
Real estate agents and brokers: Professionals involved in real estate transactions, such as agents and brokers, need to be aware of the requirement for a lead-based paint addendum. They may be responsible for ensuring the proper completion and disclosure of the addendum during the sales or rental process.
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What is lead based paint addendum?
Lead based paint addendum is a document that discloses the presence of lead based paint in a property.
Who is required to file lead based paint addendum?
Property owners and landlords are required to file lead based paint addendum.
How to fill out lead based paint addendum?
Lead based paint addendum can be filled out by providing information about the presence of lead based paint in the property.
What is the purpose of lead based paint addendum?
The purpose of lead based paint addendum is to inform tenants and buyers about the potential hazards of lead based paint.
What information must be reported on lead based paint addendum?
Information about the presence of lead based paint, location, and any recent testing results must be reported on lead based paint addendum.
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