Lead Based Paint Disclosure for Sales Transaction Texas Form
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People also ask
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When to use lead-based paint addendum?
If lead hazards are known, landlords should provide tenants with a detailed report outlining the presence of lead-based paint or lead-based paint hazards. This disclosure of information must be made before the tenant can be bound by a lease contract, ensuring they are fully informed about potential risks.
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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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What is the lead-based paint disclosure?
Lead Warning Statement 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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Which of the following leases is required to include a lead-based paint disclosure?
The Lead-Based Paint Disclosure Rule applies to most pre-1978 private housing, public housing, federally owned housing, and housing receiving federal assistance.
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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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Is a seller's disclosure required in Texas?
Texas law mandates that sellers must complete a Seller's Disclosure Notice, a form that outlines the property's condition and any known defects.
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Is a lead-based paint disclosure required in Texas?
Here in Texas, the form we use is a form from the Texas Real Estate Commission, Addendum for Seller's Disclosure of Information on Lead-Based Paint and Lead Based-Paint Hazards as Required by Federal Law.
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What does federal law require regarding lead-based paint?
Federal law requires contractors that disturb lead-based paint in homes built before 1978 to be certified and follow specific work practices to prevent lead contamination.
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