Florida Lead Based Paint Disclosure With Be Signed

State:
Florida
Control #:
FL-LEAD1
Format:
Word; 
Rich Text
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Description

The Florida Lead Based Paint Disclosure is a legal form required for transactions involving residential properties built prior to 1978, warning buyers of potential lead hazards. It informs purchasers about the risks of lead exposure, especially to young children and pregnant women, and mandates sellers to disclose any known lead-based paint issues along with relevant reports. The form includes sections for the seller’s disclosure of lead presence, records available, and the purchaser’s acknowledgment of receipt of information and opportunity for risk assessment. It also requires agent’s acknowledgment of compliance obligations. This form ensures compliance with federal regulations, with serious penalties for non-compliance. Attorneys, paralegals, and legal assistants can use it to facilitate property transactions, while partners and owners can ensure transparency and safety for prospective buyers. Proper filling and editing instructions advise users on required sections and legal obligations, making it user-friendly and essential for legal processes in real estate.
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  • Preview Lead Based Paint Disclosure for Sales Transaction
  • Preview Lead Based Paint Disclosure for Sales Transaction
  • Preview Lead Based Paint Disclosure for Sales Transaction

How to fill out Florida Lead Based Paint Disclosure For Sales Transaction?

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FAQ

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. However, if they are only renting or leasing the space, they are not required to share that information with potential occupants.

Before renting pre-1978 housing, landlords must disclose the presence of known lead- based paint and lead-based paint hazards in the dwelling. Tenants must also receive a federally approved pamphlet on lead -poisoning prevention.

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?).

Property Managers and Landlords Landlords must give prospective tenants of target housing, including most buildings built before 1978: An EPA-approved information pamphlet on identifying and controlling lead-based paint hazards, Protect Your Family From Lead In Your Home (PDF).

Sellers or landlords, and agents, as well as homebuyers or tenants, must sign and date the attachment.

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Florida Lead Based Paint Disclosure With Be Signed