Lead Based Paint Disclosure for Sales Transaction Rhode Island Form
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People also ask
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What is the seller's disclosure law in Rhode Island?
(a) As soon as practicable, but in any event no later than prior to signing any agreement to transfer real estate, the seller of the real estate shall deliver a written disclosure to the buyer and to each agent with whom the seller knows he or she or the buyer has dealt in connection with the real estate.
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What does the seller's lead disclosure require the seller to provide in Rhode Island?
The Seller of any interest in residential real property is required to provide the Buyer with any information on lead-based paint hazards from risk assessments or inspections in the Seller's possession and notify the Buyer of any known lead-based paint hazards.
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Who is required to comply with lead disclosure laws in Rhode Island?
Under Rhode Island law, property owners of pre-1978 buildings must disclose known and potential lead hazards before selling or leasing their property. Compliance with the law involves: Keep all lead inspection reports, certificates, and Affidavits of Completion of Visual Inspection.
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What are the requirements for 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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What is the lead law in Rhode Island 2024?
This law is now in effect. Finally, R.I. Gen. Law § 42-128.1-8 was amended to require that landlords of owner-occupied units obtain lead certificates for their pre-1978 rental units, regardless of the number of units in the building, beginning on January 1, 2024.
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What are the requirements for lead-based paint disclosure?
The Lead-based Paint Disclosure Rule requires sellers, landlords, real estate agents and property managers to provide specific information about lead-based paint and lead-based paint hazards before prospective renters and homebuyers sign a lease or contract.
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What does the Rhode Island lead paint disclosure law apply to?
Under Rhode Island law, property owners of pre-1978 buildings must disclose known and potential lead hazards before selling or leasing their property. Compliance with the law involves: Keep all lead inspection reports, certificates, and Affidavits of Completion of Visual Inspection.
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Which of the following is the seller's responsibility when dealing with property disclosures?
Sellers in California have an affirmative duty to disclose to buyers all material conditions or defects known to them which can affect the value or desirability of the property. Failure to do so can lead to liability from the buyer for damages as a result of the lack of disclosure.
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