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LEAD PAINT DISCLOSURE/ADDENDUM 223 Western Prom LLC AGREEMENT BETWEEN AND FOR PROPERTY LOCATED AT 223 Western Promenade, Portland, ME 041023490(hereinafter Seller “) (hereinafter “Buyer “)Said

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How to fill out lead paint disclosureaddendum

01

Step 1: Obtain a lead paint disclosure addendum form. This form can typically be found online on the website of your state's real estate commission or department of housing.

02

Step 2: Familiarize yourself with the contents of the form. Understand the purpose of the addendum and the specific information it requires.

03

Step 3: Gather the necessary information. This may include details about the property, any known lead-based paint hazards, and any past testing or remediation done.

04

Step 4: Fill out the addendum accurately and completely. Provide all requested information in the designated fields. It's important to be honest and transparent about any lead paint-related issues.

05

Step 5: Review the completed addendum. Ensure all information is accurate and nothing important has been overlooked.

06

Step 6: Sign and date the addendum. If there are multiple parties involved, each party should sign the document.

07

Step 7: Distribute copies of the addendum. Provide a copy to all relevant parties such as the buyer, seller, real estate agents, and attorneys involved in the transaction.

08

Step 8: Retain a copy of the addendum for your records. It's important to have documentation of compliance with lead paint disclosure requirements.

Who needs lead paint disclosureaddendum?

01

Anyone involved in a real estate transaction where the property was built before 1978 needs the lead paint disclosure addendum.

02

This includes sellers, landlords, real estate agents, property managers, and buyers.

03

The addendum is required by federal law, known as the Residential Lead-Based Paint Hazard Reduction Act, to ensure that potential buyers and tenants are informed about the presence of lead-based paint in older properties.

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What is lead paint disclosure addendum?

Lead paint disclosure addendum is a form that is used to disclose the presence of lead-based paint in a property.

Who is required to file lead paint disclosure addendum?

The seller of a property built before 1978 is required to file a lead paint disclosure addendum.

How to fill out lead paint disclosure addendum?

The lead paint disclosure addendum should be completed by the seller, providing accurate information about the presence of lead-based paint in the property.

What is the purpose of lead paint disclosure addendum?

The purpose of the lead paint disclosure addendum is to inform potential buyers about the possible presence of lead-based paint in the property.

What information must be reported on lead paint disclosure addendum?

The lead paint disclosure addendum should include details about the location of the lead-based paint, any testing that has been done, and any previous remediation efforts.

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