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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.
Does FHA require lead-based paint disclosure?
Disclose any known information concerning lead-based paint or lead-based paint hazards. The seller or landlord must also disclose information such as the location of the lead-based paint and/or lead-based paint hazards, and the condition of the painted surfaces.
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 worried should I be about lead paint?
Answer: Approximately three-quarters of the nations housing built before 1978 contains some lead-based paint. This paint, if properly managed and maintained, poses little risk. If allowed to deteriorate, lead from paint can threaten the health of occupants, especially children under six years old.
Is it okay to buy a house with lead-based paint?
Though lead-based paint for use in homes was banned in the U.S. in 1978, it is still present in millions of homes. Lead-based paint is usually not a hazard if it is in good condition. However, deteriorating (peeling, chipping, chalking, ing, or damaged) lead-based paint is a hazard and needs prompt attention.
Related Searches
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People also ask
Should I be worried about lead paint disclosure?
Its just required to disclose potential lead paint. As long as it isnt peeling, it shouldnt be an issue.
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.
Related links
Healthy Housing Reference Manual
US Department of Housing and Urban Development. The lead-based paint disclosure rule (Section 1018 of the. Residential Lead-Based Paint Hazard Reduction Act of.
42 U.S. Code 4852d - Disclosure of information concerning
Every contract for the purchase and sale of any interest in target housing shall contain a Lead Warning Statement and a statement signed by the purchaser.
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