Oregon Lead Based Paint Disclosure Form Rental
Description
How to fill out Oregon Lead Based Paint Disclosure For Rental Transaction?
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FAQ
Look at the condition of the paint One of the telltale signs of lead in paint is ?alligatoring,? which looks like reptilian scales when the layer starts to crack and wrinkle. If paint creates a chalky residue when it rubs off, it could also contain lead.
Lender requires as a condition to the making of the Mortgage Loan that Borrower develop, implement and carry out an operations and maintenance plan for the containment or removal of paint containing more than one-half percent (0.5%) lead by dry weight (?Lead-Based Paint?) on the Mortgaged Property (?O&M Plan?).
This law is commonly known as Title X (Ten). Environmental Protection Agency (EPA) regulations implementing Title X apply to rental property built before 1978. Under Title X, before signing or renewing a lease or rental agreement, a landlord must disclose any known lead-based paint or hazards on the property.
The landlord must give tenants an EPA booklet and the lease must include a disclosure form that informs tenants of any known lead-based paint and/or lead-based paint hazard in the home. This information must be given to the tenant every time there is a change in rental status, such as a rent increase or new lease.
Ing to the Federal law, the landlord is required to disclose to you any knowledge that he or she has of lead-based paint (LBP) in the house. If he/she has no knowledge of LBP, he/she is not required to conduct an inspection or determine if lead-based paint is present.