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Its just required to disclose potential lead paint. As long as it isnt peeling, it shouldnt be an issue.
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.
Landlords must share any known information about lead-based paint or lead-based paint hazards in the building. Must have a lead disclosure attachment in the lease or language inserted into the lease that includes a Lead Warning Statement and confirms that the landlord has complied with all notification requirements.
The Lead-Based Paint Disclosure Rule applies to most pre-1978 private housing, public housing, federally owned housing, and housing receiving federal assistance.
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);
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