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LEAD-BASED PAINT DISCLOSURE 1 Federal law mandates that Sellers of housing constructed prior to 1978 must complete certain Lead-Based Paint 2 Disclosure requirements.

How to fill out lead-based paint disclosure

How to fill out lead-based paint disclosure:

1. First, download the lead-based paint disclosure form from your local housing authorities or real estate websites. Ensure you have the latest version of the form.
2. Begin by completing the top section of the form, which includes details such as the property address, the name of the seller, and the name of the buyer. Ensure that all the information provided is accurate and up to date.
3. Next, you need to indicate whether or not the property was constructed before 1978, as this is the key factor that triggers the need for a lead-based paint disclosure. If the property was built after this year, you do not need to proceed any further with the form.
4. If the property was built before 1978, you must provide any available records or reports regarding lead-based paint or hazards. These can include inspection reports, risk assessments, or any other relevant documentation. Make sure to attach copies of these reports to the completed form.
5. In the following section, you need to disclose any known information about lead-based paint or hazards on the property. This includes disclosing any reports or records of lead-based paint present in the property, any known hazards, or any previous remediation efforts that have been undertaken.
6. It's essential to sign and date the form once you have completed all the necessary sections. In some cases, both the seller and the buyer may need to sign the form depending on local regulations. Ensure that all parties have signed where required.

Who needs lead-based paint disclosure?

1. Sellers: If you are selling a residential property built before 1978, you are required by federal law to provide a lead-based paint disclosure. This applies to all types of sellers, including individuals, companies, and organizations.
2. Buyers: As a homebuyer, it is crucial to receive a lead-based paint disclosure from the seller before purchasing a property built before 1978. The disclosure provides necessary information regarding any potential lead-based paint or hazards present in the property, allowing buyers to make an informed decision.
3. Real Estate Agents: Real estate agents involved in the sale of properties built before 1978 must ensure that the lead-based paint disclosure is properly filled out and provided to potential buyers. It is their responsibility to inform sellers of their legal obligations regarding this disclosure and support buyers in understanding the information provided.

Remember, compliance with lead-based paint disclosure requirements is essential to protect both buyers and sellers from potential health risks and legal consequences.

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What is lead-based paint disclosure?

Lead-based paint disclosure is a form that alerts buyers and renters about the potential presence of lead-based paint in a property.

Who is required to file lead-based paint disclosure?

Sellers and landlords are required to file lead-based paint disclosure.

How to fill out lead-based paint disclosure?

To fill out lead-based paint disclosure, provide information about the presence of lead-based paint in the property and any known hazards.

What is the purpose of lead-based paint disclosure?

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

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

Information such as the location of lead-based paint, any testing results, and any available records of lead abatement must be reported on lead-based paint disclosure.