Georgia Lead Based Paint Disclosure With Commercial Property
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FAQ
Lead-based paint was banned in New Jersey in 1971, but was not banned under federal law until 1978. If a property was built before 1978, there's a chance it contains lead paint. It is against real estate disclosure laws in New Jersey for a seller to withhold information about lead-based paint hazards.
1996 Lead-Based Paint Disclosure Act 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.
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.
You must inform a buyer or tenant of any known lead-based paint and/or lead-based paint hazards in the house, provide records or reports about lead-based paint in the home, and include in the sales or lease contract a lead disclosure attachment that includes a lead warning statement and confirmation of compliance with ...
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?).