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This checklist is essential for ensuring that all requirements of the Lead-Based Paint Addendum are completed accurately and submitted to the Closing Agent to prevent any delays in the closing process. It outlines specific sections that must be completed, legal requirements regarding lead-based paint disclosures, and includes acknowledgments from sellers and purchasers.

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How to fill out lead-based paint addendum compliance

01

Obtain the lead-based paint addendum template from your local real estate authority or the appropriate regulatory agency.

02

Start by filling out the property address and relevant information about the transaction.

03

Include the names of the seller(s) and buyer(s) as required in the addendum.

04

Provide a disclosure statement regarding the presence of lead-based paint or lead-based paint hazards in the property.

05

Attach any relevant records or reports about lead testing or abatement that have been completed on the property.

06

Ensure both parties sign and date the addendum to indicate their acknowledgment and compliance.

07

Keep a copy of the signed addendum for your records and provide copies to all involved parties.

Who needs lead-based paint addendum compliance?

01

Any property owners or sellers who are selling homes built before 1978 are required to comply with lead-based paint disclosure regulations.

02

Real estate agents and brokers involved in transactions of older properties must ensure compliance with lead-based paint addendums.

03

Buyers of residential properties built before 1978 need to be informed and provided with the lead-based paint addendum.

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What is lead-based paint addendum compliance?

Lead-based paint addendum compliance refers to the process of adhering to regulations that require disclosures regarding the presence of lead-based paint in properties built before 1978. This compliance ensures that buyers and renters are informed about potential lead hazards.

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

Landlords, sellers, and real estate agents are required to file lead-based paint addendum compliance when selling or renting properties that were built before 1978, as these properties are at higher risk for containing lead-based paint.

How to fill out lead-based paint addendum compliance?

To fill out the lead-based paint addendum compliance, individuals need to complete a specific form that includes information about the property, any known lead-based paint hazards, and the option for buyers or renters to acknowledge the risks associated with lead exposure.

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

The purpose of lead-based paint addendum compliance is to protect public health by ensuring that all potential buyers and renters are aware of the risks associated with lead-based paint, allowing them to make informed decisions about their properties.

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

The information that must be reported on lead-based paint addendum compliance includes the presence of lead-based paint, any known lead hazards, the date of construction of the property, and that tenants or buyers have been given a copy of the lead hazard information pamphlet.

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