Lead Based Paint Disclosure For Commercial Property
Description
How to fill out Georgia Lead Based Paint Disclosure For Sales Transaction?
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FAQ
Sellers and lessors must provide purchasers and lessees with the Protect Your Family From Lead pamphlet. Sellers and lessors must disclose the presence of any known lead-based paint and/or lead-based paint hazards to the purchasers and lessees and to any agent.
Hear this out loud PauseSection 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.
Hear this out loud PauseHousing built after 1977: The federal lead-based paint disclosure requirements generally apply to housing built before 1978. Therefore, housing constructed after 1977 is typically exempt from these disclosure requirements.
Hear this out loud PauseJust 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.
Hear this out loud PauseThis requires that potential buyers and renters of housing built prior to 1978 receive certain information about lead and lead hazards in the residence prior to becoming obligated to buy or rent, and provides the opportunity for an independent lead inspection for buyers.