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Lead-Based Paint Warning Statement "Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning.
Section 1018 of this law directed HUD and EPA to require the disclosure of known information on lead-based paint and lead-based paint hazards before the sale or lease of most housing built before 1978.
This requires that potential buyers and renters of housing built prior to 1978 receive certain information about lead and lead hazards in the residence prior to becoming obligated to buy or rent, and provides the opportunity for an independent lead inspection for buyers.
Sellers or landlords, and agents, as well as homebuyers or tenants, must sign and date the attachment. 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.
Illinois law requires you, as a home seller, to tell a prospective buyer, in writing, about any material defects you actually know about. This means anything you're aware of that affects the value, healthfulness, and safety of your property.
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In 1978' the United States federally banned the use of lead paint in building homes, offices, and other properties. Unfortunately, up until this point lead paint was one of the most commonly used products when building new homes.
All Colorado real estate management professionals are now legally required to include lead-based paint disclosures prior to subletting or renovating a property. Lead poisoning is a serious issue that could result in serious health problems, including death.
Housing with deteriorated lead-based paint, which was banned in 1978, is the primary source of lead exposure in Illinois and elsewhere. Approximately 65 percent of Illinois housing units were built prior to the ban.
1. Lead-based paint. In properties built before 1978, the landlord must give prospective tenants a written Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards. The landlord must disclose the presence of known lead-based paint and related hazards in the unit before the tenant signs the lease.
\u27a2 Sellers and Lessors of properties built before 1978 must disclose their actual knowledge (e.g. prior test results or other first-hand information) of lead- based paint or lead-based paint hazards. \u27a2 The agent has the responsibility to ensure that the seller or lessor satisfies the disclosure obligations.

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