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Before a contract for housing sale or lease is signed, federal law requires sellers, landlords, real estate agents, and managers of rental properties to disclose any known information concerning the presence of lead-based paint and lead-based paint hazards.
What happens if the seller doesnt disclose lead paint?
Home sellers who fail to comply with federal disclosure responsibilities may be sued by the buyer for damages suffered. These can be quite hefty, especially if young children have developed a lead-related health problem (over $10,000, depending on the violation). Other penalties can also be imposed.
How long must a broker keep a record of the lead-based paint disclosure form?
Sellers and landlords must disclose known lead-based paint and lead-based paint hazards and provide a report to buyers and renters. Sellers and landlords must give buyers and renters the pamphlet developed by EPA, HUD, and the Consumer Product Safety Commission (CPSC), titled Protect Your Family from Lead in Your Home.
What is the EPA lead paint disclosure rule?
The Lead-based Paint Disclosure Rule requires sellers, landlords, real estate agents and property managers to provide specific information about known lead-based paint and lead-based paint hazards before prospective renters and homebuyers sign a lease or contract.
Who fills out the lead-based paint disclosure?
Sellers and lessors must retain a copy of the disclosures for no less than three years from the date of sale or the date the leasing period begins.
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Answer: Yes, you must be recertified every three or five years. Your EPA certificate will indicate when your certification expires. See the Recertification Fact Sheet for further information. Find a printable PDF copy of all frequent questions pertaining to lead.
How long must a record of lead disclosures be kept?
Recordkeeping. Sellers and lessors must retain a copy of the disclosures for no less than three years from the date of sale or the date the leasing period begins.
Related links
Lead Paint Disclosure Form
Before renting pre-1978 housing, lessors must disclose the presence of known lead-based paint and/or lead based paint hazards in the dwelling. Lessees must also
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