The Lead Based Paint Disclosure Must Be Given To
Introduction
Lead-based paint is a common problem in homes built before 1978. The paint contains lead, which can be harmful to children's development and cause health problems in adults. The Lead-Based Paint Disclosure Rule was created to protect buyers and renters from lead-based paint hazards. In this article, we will discuss who the Lead-Based Paint Disclosure must be given to.
Sellers and Landlords
The Lead-Based Paint Disclosure must be given to sellers and landlords of residential properties built before 1978. The disclosure must be provided before the sale or lease of the property. The seller or landlord must also provide a pamphlet called "Protect Your Family from Lead in Your Home" to the buyer or tenant.
Real Estate Agents
Real estate agents who are involved in the sale or lease of residential properties built before 1978 must also provide the Lead-Based Paint Disclosure to buyers and tenants. The agent must ensure that the seller or landlord has provided the disclosure and the pamphlet to the buyer or tenant.
Buyers and Tenants
Buyers and tenants of residential properties built before 1978 must receive the Lead-Based Paint Disclosure and the pamphlet from the seller or landlord. The buyer or tenant must sign a statement acknowledging that they have received the disclosure and the pamphlet. This statement must be included in the sales or lease agreement.
Exceptions
There are some exceptions to the Lead-Based Paint Disclosure Rule. If the residential property was built after 1978, the rule does not apply. Properties owned by the government, such as public housing, are also exempt from the rule. Properties that have been certified as lead-free by a certified inspector are also exempt.
Conclusion
The Lead-Based Paint Disclosure Rule was created to protect buyers and tenants from lead-based paint hazards. Sellers, landlords, real estate agents, buyers, and tenants all have a role to play in ensuring that the disclosure is given and the necessary precautions are taken. If you are buying or renting a residential property built before 1978, make sure you receive the Lead-Based Paint Disclosure and the pamphlet before signing any agreements.