Lead Based Paint Disclosure for Sales Transaction Louisiana Form
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People also ask
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What are the exceptions to lead-based paint disclosure?
Lead-based paint disclosure exemptions In addition to houses built in or after 1978, the following also qualify for an exemption from the disclosure rules: Dwelling units with no bedrooms, such as a studio apartment. Dwelling units that are leased for 100 days or fewer, such as short-term rentals.
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Who is responsible for making sure a seller complies with the EPA lead-based paint disclosure obligations?
Real estate agents also share responsibility for ensuring compliance with California lead paint disclosure laws.
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Does lead-based paint have to be removed?
BUT — if lead paint is chipping or peeling, or if it's on a surface such as a windowsill or stair rail where children can chew on it, then the lead paint (or the painted material) should be removed or covered.
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What is the federal lead-based paint disclosure law?
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.
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Whose obligation is it to disclose potential lead-based paint to buyers of homes built before 1978?
“In general, the Act requires that sellers of property built before 1978 disclose all known information about the presence of lead-based paint and lead-based paint hazards on their premises.
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Which of these is required in a 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.
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When must your seller client include a lead-based paint disclosure if her home was built prior to ______?
He must remind the sellers to disclose the possible presence of lead-based paint to a buyer if the home was built prior to 1978.
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Is the seller's obligation to disclose and remove all lead-based paint?
The law does not require sellers to test or remove lead-based paint, but to disclose information they know about to prospective buyers. Give buyers an EPA pamphlet on lead hazards. Sellers must give buyers an EPA-prepared pamphlet, Protect Your Family From Lead in Your Home.
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