Get the free Lead-based Paint Addendum Compliance Checklist

This checklist is a requirement for completing the Lead-Based Paint Addendum to ensure compliance with regulations. It outlines necessary steps and documentation to avoid delays during closing, including seller disclosures, purchaser acknowledgments, and real estate agent certifications related to lead-based paint hazards.

How to fill out lead-based paint addendum compliance

How to fill out lead-based paint addendum compliance

1. Obtain the lead-based paint addendum form from your local housing authority or real estate agent.
2. Fill in the property address and details of the seller and buyer.
3. Disclose any known lead-based paint hazards in the property.
4. Provide the buyer with any existing reports or documentation related to lead-based paint.
5. Include a section for the buyer to acknowledge receipt of the lead-based paint information.
6. Sign and date the addendum to confirm compliance.

Who needs lead-based paint addendum compliance?

1. Any seller of residential property built before 1978 is required to comply with lead-based paint addendum regulations.
2. Buyers of such properties need to ensure they receive the addendum and related disclosures for their protection.
3. Real estate agents facilitating the sale must also be aware of these compliance regulations.

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What is lead-based paint addendum compliance?

Lead-based paint addendum compliance refers to the legal requirements for real estate transactions involving properties built before 1978, ensuring that buyers are informed about the potential presence of lead-based paint.

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

Sellers and landlords of properties built before 1978 are required to file lead-based paint addendum compliance as part of the sale or rental process.

How to fill out lead-based paint addendum compliance?

To fill out a lead-based paint addendum compliance, sellers or landlords must provide information about the presence of lead-based paint, disclose any known lead hazards, and include an acknowledgment section for buyers or tenants to sign.

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 potential buyers and renters are made aware of the risks associated with lead-based paint exposure.

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

The information that must be reported includes the presence of lead-based paint, a summary of any related risks, and any available reports or records regarding lead hazards.