Lead Based Paint Disclosure Kansas With Rental
Description
How to fill out Kansas Lead Based Paint Disclosure For Sales Transaction?
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FAQ
LEAD WARNING STATEMENT The seller/landlord of any interest in residential real property is required to provide the buyer/tenant with any information on lead-based paint hazards from risk assessments or inspections in the seller's/landlord's possession and notify the buyer/tenant of any known lead-based paint hazards.
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.
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.
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?).
NEW Lead Remediation REQUIREMENTS In Effect Now As of July 22, 2022, lead paint inspection and remediation are required for residential one- and two-family rental properties upon tenant turnover or by July 24, 2024 if there is no tenant turnover. Inspection requirements may vary depending on the community.