Lead Based Paint Disclosure for Rental Transaction South Dakota Form
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People also ask
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Which of the following properties requires a lead-based paint disclosure?
“The only requirement for a lead paint hazard is that the home was constructed before 1978, when lead-based paint was banned by the government for use on residential market.
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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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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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Which of the following properties requires a lead-based paint disclosure?
“The only requirement for a lead paint hazard is that the home was constructed before 1978, when lead-based paint was banned by the government for use on residential market.
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Which of the following statements is true regarding lead-based paint disclosures?
Explanation: The true statement concerning lead-based paint disclosure is that it should be given for properties built before 1978. This is because lead-based paint was banned by the U.S. government for use in housing in that year.
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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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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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Which of the following is not exempt from the lead-based paint disclosure?
Which of these is NOT exempt from disclosure regulations of the Residential Lead-Based Paint Hazard Reduction Act? The answer is a duplex built before 1978.
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