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It is designed to help people make more informed choices based on the information they receive. The Lead-Based Paint Disclosure Rule applies to most pre-1978 private housing, public housing, federally owned housing, and housing receiving federal assistance.
Sellers must disclose known information on lead-based paint or lead- based paint hazards before selling a house. Real estate sales contracts must include a specific warning statement about lead-based paint. Buyers have up to 10 days to check for lead.
What Happens if a Seller or Lessor Fails to Comply with These Regulations. EPA enforces lead-based paint laws to protect you and your family. A seller, landlord, real estate agent or property manager who does not give the proper information to homebuyers and renters may be subject to penalties.
Its just required to disclose potential lead paint. As long as it isnt peeling, it shouldnt be an issue.
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.
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