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LEASED PAINT DISCLOSURE ADDENDUM This will serve as an Addendum to the Lease Agreement dated Forest City Southern Group, LLC, Owner, and (Resident), regarding property located at (the Premises). ,
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How to fill out lead based paint addendum

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How to fill out lead based paint addendum:

01
Read and understand the purpose of the lead based paint addendum: The lead based paint addendum is a legal document that is used in real estate transactions to disclose the presence of lead based paint on the property. It is important to carefully read and understand the addendum before filling it out.
02
Obtain the necessary information: Gather all the relevant information needed to complete the addendum. This may include details about the property, such as address, year built, and any known information about the presence of lead based paint.
03
Complete the disclosure section: The first section of the addendum typically requires the seller or property owner to disclose any known information about the presence of lead based paint. Answer the questions honestly and accurately based on your knowledge of the property.
04
Provide any available documentation: If you have any documents or records related to lead based paint, such as inspection reports or test results, attach them to the addendum. This can help provide further information to the buyer and ensure transparency.
05
Sign and date the addendum: Once you have completed all the required sections of the addendum, sign and date the document. It is important to ensure that all parties involved in the transaction sign the addendum, including the buyer and seller.

Who needs lead based paint addendum:

01
Sellers or property owners: Anyone selling a residential property, such as a house or apartment, built before 1978 is generally required to provide a lead based paint addendum. This includes individual homeowners, landlords, and real estate agents acting on behalf of the seller.
02
Buyers or tenants: Individuals or families who are purchasing or renting a residential property built before 1978 may receive a lead based paint addendum as part of the transaction. This addendum allows them to be aware of any potential risks associated with lead based paint and make an informed decision.
03
Real estate professionals: Real estate agents, brokers, and other professionals involved in the buying and selling process should be knowledgeable about lead based paint disclosures and addendums. They play a crucial role in ensuring that all parties are aware of the presence of lead based paint and their legal obligations.

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Lead based paint addendum is a legal document that is added to a lease agreement or rental contract to disclose the presence of lead based paint in a residential property.
Landlords or property owners who rent or lease residential properties built before 1978 are generally required to file lead based paint addendum.
To fill out lead based paint addendum, you need to provide information about the property, such as the address, and indicate whether lead based paint is present in the premises. Both the landlord and the tenant need to sign the addendum.
The purpose of lead based paint addendum is to inform tenants about the potential hazards of lead based paint and comply with federal regulations regarding the disclosure of lead based paint in residential properties.
Lead based paint addendum typically requires reporting the presence or absence of lead based paint, providing any available records or reports regarding lead based paint hazards, and disclosing any known information about lead based paint in the property.
There is no specific information available about the deadline to file lead based paint addendum in 2023. It is recommended to consult with local authorities or legal professionals for accurate and up-to-date information.
Penalties for the late filing of lead based paint addendum can vary depending on local regulations and circumstances. It is advisable to consult with local authorities or legal professionals for accurate information about the penalties associated with late filing.
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