VAR Form 1300 Rev 0811 Page 1 of 2 Disclosure of Information on
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People also ask
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Does FHA require lead-based paint disclosure?
Requirements Under the Disclosure Rule. Homebuyers and renters of most pre-1978 private, public, and federally owned housing and housing receiving federal assistance have the right to know whether lead-based paint and lead-based paint hazards are present before signing a contract or lease.
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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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Does California require lead-based paint disclosure?
Check impact or friction surfaces (windows and doors) for dust or deterioration. Landlord are required to disclose known information on lead-based paint and lead-based paint hazards before leases take effect. Sellers must disclose known information on lead-based paint and lead-based paint hazards before selling a house.
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What does federal law require regarding lead-based paint?
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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What does lead-based paint disclosure mean?
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 may be exempt from the lead-based paint disclosure requirements?
Landlords and tenants should know that there are residences that may be exempt from the lead-based paint disclosure, including: Homes constructed during or after 1978. Residences that have been cleared of lead paint by a property inspector. Short-term rentals that are leased for a maximum of 100 days.
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Is a lead-based paint disclosure required in Michigan?
In the state of Michigan, these laws are very much applicable and are strictly enforced. If you own or manage a property built before 1978, you are required to disclose any lead-based paint presence or lead-based paint hazards to prospective residents.
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When was lead-based paint outlawed in Michigan?
In 1978, the federal government banned the use of lead-based paint in homes. The older the home, the more likely it is to have lead-based paint.
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