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What is the sellers disclosure for lead-based paint?
Sellers must provide homebuyers a 10-day period to conduct a paint inspection or risk assessment for lead-based paint or lead-based paint hazards. Parties may mutually agree, in writing, to lengthen or shorten the time period for inspection. Homebuyers may waive this inspection opportunity.
What property is exempt from lead disclosure?
Lead-based paint disclosure exemptions In addition to houses built in or after 1978, the following also qualify for an exemption from the disclosure rules: Dwelling units with no bedrooms, such as a studio apartment. Dwelling units that are leased for 100 days or fewer, such as short-term rentals.
Which of the following may be exempt from the lead-based paint disclosure requirements?
However, the Lead-based Paint Disclosure Rule does not apply to: Zero-bedroom units, such as efficiencies, lofts, and dormitories (unless a child under the age of six lives or is expected to live in such housing);
For which of following rental units is it necessary to provide a lead-based paint disclosure to tenants in properties built before 1978?
For which of following rental units is it necessary to provide a lead-based paint disclosure to tenants in properties built before 1978? The answer is a one-bedroom unit. A lead-based paint disclosure must be given to tenants in properties built before 1978.
Which requirement concerning the lead-based paint disclosure is waived for rental property?
Renters can ask their landlord or property manager to get a paint inspection from a certified inspector before signing a lease; however, landlords and property managers are not required to do so by this Disclosure Rule.
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What is a lead-based paint disclosure form for renters?
A lead-based paint disclosure form is a federally required form issued to all tenants and potential buyers of residential property built before January 1, 1978, to warn of the existence of lead paint.
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