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LEAD-BASED PAINT DISCLOSURE ADDENDUM SELLER HAS RECORDS OR REPORTS PERTAINING TO LEASED PAINT AND/OR LEAD-BASED PAINT HAZARDS Property Case #: Property Address: Lead Warning Statement Every Purchaser

How to fill out lead-based paint disclosure addendum

How to fill out lead-based paint disclosure addendum:

1. Obtain the necessary form: Start by obtaining the lead-based paint disclosure addendum form from your state or local government, or from a trusted real estate professional. This form is typically required when selling or renting a property built before 1978, when lead-based paint was commonly used.
2. Provide property information: Begin by providing specific details about the property, such as the address, type of property (e.g., single-family home, apartment, condominium), and any additional identifying information required by the form.
3. Identify the parties: Clearly state the names of the parties involved in the transaction, including the seller/landlord and the buyer/tenant. Make sure to include accurate contact information for each party, such as phone numbers and email addresses.
4. Disclose the presence of lead-based paint: Indicate whether or not the property is known to contain lead-based paint. If the presence of lead-based paint is not known, you may choose to state "No representation" in this section. However, it is always recommended to have a lead-based paint inspection or testing conducted to ensure accuracy.
5. Attach relevant documents: If applicable, attach any available records, reports, or documents pertaining to lead-based paint hazards or inspections. This could include records of lead-based paint testing, previous disclosure forms, or records of any lead-based paint hazard reduction measures that have been taken.

Who needs lead-based paint disclosure addendum:

1. Home sellers: If you are selling a property built before 1978, you will likely need to provide a lead-based paint disclosure addendum to potential buyers. This is required by federal law under the Residential Lead-Based Paint Hazard Reduction Act.
2. Landlords: If you are renting out a property built before 1978, you are also required to provide the lead-based paint disclosure addendum to prospective tenants. This is to inform them about the potential presence of lead-based paint hazards and to ensure compliance with federal regulations.
3. Buyers or tenants: If you are in the process of purchasing or renting a property built before 1978, you should request a lead-based paint disclosure addendum from the seller or landlord. This will provide you with important information about the existence of lead-based paint and any known hazards, allowing you to make an informed decision before moving forward with the transaction.

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What is lead-based paint disclosure addendum?

Lead-based paint disclosure addendum is a legal document that discloses the presence of lead-based paint in a property and provides important information to prospective tenants or buyers.

Who is required to file lead-based paint disclosure addendum?

Property owners, landlords, or real estate agents are required to file lead-based paint disclosure addendum when selling or renting a property built before 1978.

How to fill out lead-based paint disclosure addendum?

The lead-based paint disclosure addendum can be filled out by providing information about the presence of lead-based paint, any testing or reports conducted, and signature of all parties involved.

What is the purpose of lead-based paint disclosure addendum?

The purpose of lead-based paint disclosure addendum is to inform tenants or buyers about the potential health risks associated with lead-based paint and to comply with federal regulations.

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

Information such as the presence of lead-based paint, any testing or reports conducted, and any known hazards or risks associated with lead-based paint must be reported on the lead-based paint disclosure addendum.