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Property Disposition Program LEAD-BASED PAINT DISCLOSURE ADDENDUM TO SALES CONTRACT U.S. Department of Housing and Urban Development OMB Approval No.2502-0306 (Expires 01×31/2017) Office of Housing

How to fill out bleadb- bbased paintb addendum

How to Fill Out Lead-Based Paint Addendum

1. Begin by obtaining the lead-based paint addendum form. This form is typically provided by the seller or landlord when purchasing or renting a property that was built before 1978.
2. Carefully read through the addendum form to familiarize yourself with its contents. It is essential to understand the purpose and requirements of the addendum before filling it out.
3. Start by entering your personal information in the designated fields. These typically include your name, address, and contact details. Ensure that the information you provide is accurate and up to date.
4. If you are represented by a real estate agent or broker, include their information as well. This helps establish the parties involved in the transaction.
5. Proceed to identify the property subject to the addendum. This includes providing the property's address and other relevant details such as unit or apartment number, if applicable.
6. Indicate whether you are the buyer or tenant by selecting the appropriate checkbox. This helps clarify your role in the transaction.
7. If you are the buyer, check the box indicating that you have received the lead-based paint pamphlet. This pamphlet provides crucial information about lead-based paint hazards and is a requirement for property transactions involving pre-1978 properties.
8. As a buyer, if you have conducted an inspection for lead-based paint hazards, indicate whether any such hazards were detected. If hazards were found, additional disclosures and actions might be necessary, so ensure you follow the appropriate protocols.
9. If you are the tenant, confirm whether you have received a copy of the lead-based paint pamphlet. This step helps ensure that tenants are educated about the potential risks associated with lead-based paint.
10. In some cases, the addendum may require additional information or disclosures. Be sure to carefully review the entire addendum and provide any necessary details accordingly.

Who Needs a Lead-Based Paint Addendum?

1. Homebuyers: Individuals or families looking to purchase a property built before 1978 may need a lead-based paint addendum. This is necessary to disclose potential lead-based paint hazards and provide buyers with relevant information to make informed decisions.
2. Tenants: Individuals who are renting a residential property constructed before 1978 may also require a lead-based paint addendum. The addendum ensures that tenants are aware of any lead-based paint hazards that may exist in their rental unit.
3. Sellers and Landlords: Sellers and landlords of pre-1978 properties are responsible for providing a lead-based paint addendum to buyers or tenants. This is a legal requirement designed to protect the health and safety of individuals living in or purchasing older properties.

By following these steps and understanding who needs a lead-based paint addendum, you can effectively navigate the process of filling out the form and ensure compliance with relevant regulations. Remember, if you have any doubts or questions, it is always advisable to consult with a legal professional or real estate agent for guidance.

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What is lead-based paint addendum?

Lead-based paint addendum is a legal document that discloses the presence of lead-based paint in a property.

Who is required to file lead-based paint addendum?

Anyone selling or renting a property built before 1978 is required to file lead-based paint addendum.

How to fill out lead-based paint addendum?

To fill out lead-based paint addendum, provide information about the presence of lead-based paint in the property and any past treatments or inspections.

What is the purpose of lead-based paint addendum?

The purpose of lead-based paint addendum is to inform buyers or renters about the potential health risks associated with lead-based paint.

What information must be reported on lead-based paint addendum?

The lead-based paint addendum must report the presence of lead-based paint, any past treatments or inspections, and information about the health risks associated with lead exposure.