Get the free Lead Based Paint Disclosure - Ida Kelly Realtors
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DocuSign Envelope ID: A6CF9669-905F-49E8-904A-75F4CF7102D0 REALTORS ASSOCIATION OF NEW MEXICO LEAD-BASED PAINT ADDENDUM TO PURCHASE AGREEMENT 2014 All parts of this form must be completed in the proper
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How to fill out lead based paint disclosure
How to fill out lead based paint disclosure:
01
Obtain the lead based paint disclosure form: The first step is to obtain the official lead based paint disclosure form from the Environmental Protection Agency (EPA) or your local housing authority. This form is usually required for residential properties built before 1978.
02
Identify all parties involved: The next step is to identify all parties involved in the transaction. This typically includes the seller, buyer, real estate agents, and any other relevant parties. Each party will need to review and sign the disclosure form.
03
Fill in property information: On the form, you will need to provide specific details about the property in question, such as the address, year built, and any known lead-based paint hazards. This information ensures that all parties involved have a clear understanding of the property's history.
04
Answer required questions: The disclosure form typically includes a set of questions related to lead-based paint or potential hazards. Carefully read and answer each question truthfully. If you're unsure about any particular question, it's recommended to seek professional advice or consult a lead inspector.
05
Sign and date the form: Once you have completed the necessary sections and provided accurate information, each party involved should sign and date the disclosure form. This confirms that they have reviewed and acknowledged the presence of lead-based paint or potential hazards.
Who needs lead based paint disclosure?
01
Home Sellers: Sellers of residential properties built before 1978 are typically required to fill out and provide the lead based paint disclosure form to potential buyers. This obligation helps inform buyers about potential lead-based paint or hazards before finalizing the sale.
02
Homebuyers: Buyers have the right to receive a lead based paint disclosure form from the seller before purchasing a residential property. This allows them to make an informed decision and take any necessary precautions regarding potential lead exposure.
03
Real Estate Agents: Real estate agents representing either the seller or the buyer must also be knowledgeable about lead based paint disclosure regulations. They play a crucial role in assisting with the completion of the form and ensuring compliance with applicable laws.
In summary, filling out the lead based paint disclosure involves obtaining the official form, providing property information, answering required questions, and signing the document. Both sellers and buyers, as well as real estate agents, have a role in understanding and complying with lead based paint disclosure requirements.
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What is lead based paint disclosure?
Lead based paint disclosure is a requirement for sellers and lessors of residential properties built before 1978 to inform potential buyers or tenants about the presence of lead based paint in the property.
Who is required to file lead based paint disclosure?
Sellers and lessors of residential properties built before 1978 are required to file lead based paint disclosure.
How to fill out lead based paint disclosure?
Lead based paint disclosure can be filled out by providing accurate information about the presence of lead based paint in the property and signing the disclosure form.
What is the purpose of lead based paint disclosure?
The purpose of lead based paint disclosure is to inform potential buyers or tenants about the potential health risks associated with lead based paint exposure.
What information must be reported on lead based paint disclosure?
The disclosure should include information about the presence of lead based paint, any known lead hazards, and a lead warning statement.
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