Get the free New Mexico Lead Based Paint Disclosure for Sales Transaction

Lead-Based Paint Disclosure (Sales) New Mexico Street Address City State Zip WARNING! LEAD FROM PAINT, DUST, AND SOIL CAN BE DANGEROUS IF NOT MANAGED PROPERLY Disclosure of Information on Lead-Based

How to fill out new mexico lead based

How to fill out New Mexico lead based:

1. Obtain the necessary forms: Begin by obtaining the New Mexico lead based paint disclosure form and the lead based paint pamphlet. These can usually be found online or obtained from your local housing agency.
2. Fill out the property information: Provide the required details about the property, such as its address, the names of the current owner and tenant, and any other relevant information.
3. Disclose lead based paint presence: Indicate whether or not you know of the presence of lead based paint in the property. If you are unsure, it is recommended to hire a professional to conduct a lead inspection before completing this section.
4. Provide any available records: If you have any documentation regarding lead based paint in the property, attach or include them in this section. This may include reports from previous inspections or test results.
5. Sign and date the form: Once you have filled out all the necessary information accurately, sign and date the form. Ensure that all parties involved in the transaction also sign and date the form, including the tenant and the property owner.

Who needs New Mexico lead based:

1. Landlords: Landlords who own properties built before 1978 are required to provide the New Mexico lead based disclosure form to their tenants.
2. Tenants: Tenants who are renting properties built before 1978 have the right to receive the New Mexico lead based disclosure form from their landlord. It is crucial for tenants to be informed about the presence of lead based paint before leasing a property.
3. Real estate agents: Real estate agents involved in the sale or lease of properties built before 1978 should also be aware of the New Mexico lead based requirements. They play a crucial role in ensuring that the necessary disclosures are made to both the property owner and potential buyers or tenants.

This Lead-Based Paint Disclosure statement is required by Federal Law when selling residential housing built prior to 1978. If the home was constructed PRIOR TO 1978, this form is REQUIRED to be completed and signed by the seller and buyer. If the dwelling was constructed in 1978 or later, this form is not required. If in doubt about the timing of construction, use the disclosure form. Whenever the form is used, the seller must also give the buyer the EPA pamphlet discussed below.

People Also Ask about

Which of these is required in a lead-based paint disclosure?

What must a lead paint disclosure include? The disclosure form should summarize the federal law (the Residential Lead-Based Paint Hazard Reduction Act of 1992) that created the requirement, notifying the tenant that homes built prior to 1978 typically used lead-based paints and that they pose a health risk if ingested.

What is 42 usc 4852d?

42 U.S. Code § 4852d - Disclosure of information concerning lead upon transfer of residential property. permit the purchaser a 10-day period (unless the parties mutually agree upon a different period of time) to conduct a risk assessment or inspection for the presence of lead-based paint hazards.

What is required for a seller disclosure in New Mexico?

Statute on Seller Disclosure New Mexico Sellers must disclose material defects in the property in the Seller's Property Disclosure form. Sellers must make disclosures based on their best knowledge. Another pertinent seller's disclosure in New Mexico is related to the tax levied on the seller's property.

Should I be worried about lead paint disclosure?

A failure to disclose the presence of lead paint opens the seller to liability. You could be sued for legal damages if a child gets sick from lead poisoning, or you may have to pay federal penalty fees of over $10,000, ing to NOLA. Older homes may have lead paint.

What is a lead warning statement?

Lead Warning Statement Before renting pre-1978 housing, lessors must disclose the presence of known lead-based paint and/or lead-based paint hazards in the dwelling. Lessees must also receive a federally approved pamphlet on lead poisoning prevention.

What does 42 USC 4852d mean?

The Act means the Residential Lead-Based Paint Hazard Reduction Act of 1992, 42 U.S.C. 4852d. Agent means any party who enters into a contract with a seller or lessor, including any party who enters into a contract with a representative of the seller or lessor, for the purpose of selling or leasing target housing.

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What is new mexico lead based?

New Mexico Lead Based refers to regulations and guidelines concerning the management and disclosure of lead-based paint hazards in residential properties built before 1978. These regulations aim to protect tenants and buyers from exposure to lead.

Who is required to file new mexico lead based?

Individuals or entities involved in real estate transactions, such as sellers, landlords, or agents, must file New Mexico lead-based disclosures when dealing with properties built before 1978.

How to fill out new mexico lead based?

To fill out New Mexico lead-based disclosures, property owners must provide detailed information about lead-based paint hazards, including the presence of such hazards, prior lead inspections, and required disclosure forms to prospective buyers or tenants.

What is the purpose of new mexico lead based?

The purpose of New Mexico lead-based regulations is to inform potential buyers and renters about lead hazards in older homes, ensuring they can make educated decisions regarding their health and safety.

What information must be reported on new mexico lead based?

The information that must be reported includes known lead-based paint hazards, results of any lead inspections or risk assessments, and a lead disclosure form that must be signed by both the seller/landlord and the buyer/tenant.