Get TREC OP-L 2011-2023

Lead Warning Statement Before renting pre-1978 housing, lessors must disclose the presence of known lead-based paint and/or lead-based paint hazards in the dwelling. Lessees must also receive a federally approved pamphlet on lead poisoning prevention.

A seller has the obligation to disclose certain defects to a buyer before they complete the sale. If a seller fails to disclose those defects, they may be held liable for the cost of repair. In some cases, a court may even rescind the sale of the property.

Just like in a residential building, owners of commercial properties must also disclose the presence of lead so long as they are selling the property.

What are the consequences if a seller, landlord, or agent fails to comply with lead-based paint disclosure requirements? A seller, landlord, or agent who fails to satisfy lead-based paint disclosure requirements can be sued for triple the amount of damages and may be subject to civil and criminal penalties.

It is the duty of the seller (and of the broker) to disclose any information about the presence of lead paint to the buyer.

Requirements for lead-based paint disclosures Provide the prospective buyer or tenant with a copy of the EPA pamphlet entitled Protect Your Family from Lead in Your Home. Provide disclosure of all known lead-based paint hazards in the home, including any previously obtained reports.

What are the consequences if a seller, landlord, or agent fails to comply with lead-based paint disclosure requirements? A seller, landlord, or agent who fails to satisfy lead-based paint disclosure requirements can be sued for triple the amount of damages and may be subject to civil and criminal penalties.

When did the lead-based paint rules become effective? For owners of more than four residential dwellings, the rules took effect Sept. 6, 1996.