
Lead Based Paint Disclosure for Sales Transaction New Mexico Form


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People also ask
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Do you have to disclose a death in a house in New Mexico?
New Mexico Death Disclosure New Mexico does not require disclosure of death on a property.
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What happens if the seller doesn't disclose lead paint?
Home sellers who fail to comply with federal disclosure responsibilities may be sued by the buyer for damages suffered.
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How many states are non-disclosure states?
Understanding Non-Disclosure States Non-disclosure states, as the name suggests, do not require the disclosure of real estate sale prices to any public body or database. Currently, there are 12 non-disclosure states: Alaska.
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Is New Mexico a real estate disclosure state?
Currently, there are a number of non-disclosure states. They include Alaska, Idaho, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, South Dakota, Texas, Utah, and Wyoming. Before investing, real estate professionals should familiarize themselves with this list of non-disclosure states.
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Is NM a full disclosure state?
Despite the lack of a broad seller disclosure requirement within New Mexico law, the New Mexico Association of Realtors has effectively created such a requirement by including it within its standard purchase agreement for residential resales. The agreement includes this language: SELLER'S DUTY TO DISCLOSE.
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Which of the following may be exempt from the lead-based paint disclosure requirements?
Yes, there are a few exceptions to the lead paint disclosure requirement for landlords. Most private and public housing is covered by this requirement, but exemptions generally include: Housing built during or after 1978. Dormitories, lofts, and efficiencies that don't have separate bedrooms.
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What is the lead-based paint disclosure must be given to?
The Lead-Based Paint Disclosure Rule applies to most pre-1978 private housing, public housing, federally owned housing, and housing receiving federal assistance. expected to live in such housing); Housing in which painted surfaces have been tested and found to be lead-based paint free; and • Foreclosure sales.
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What states are mandatory disclosures?
These states are California, Maine, Michigan, Minnesota, New Hampshire, Tennessee, Texas, and Washington. Commonly mandated disclosures include things like the presence of potentially hazardous conditions on the property or information about any underground storage tanks.
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