Oregon Lead Based Paint Disclosure for Rental Transaction

State:
Oregon
Control #:
OR-LEAD2
Format:
Word; 
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What this document covers

The Lead Based Paint Disclosure for Rental Transaction is a legal form that informs tenants about potential lead hazards in residential properties built before 1978. This disclosure is crucial for ensuring the safety of tenants, particularly young children and pregnant women, as exposure to lead can lead to serious health issues. If you are renting a property constructed prior to 1978, this form is mandatory, ensuring compliance with federal regulations.

What’s included in this form

  • Identification of lead-based paint presence in the property.
  • Disclosure of any known lead-based paint hazards and relevant details.
  • Provision of any available records or reports related to lead hazards.
  • Acknowledgment of receipt of information and the EPA pamphlet on lead safety by the tenant.
  • Statement of certification confirming the accuracy of the information disclosed.
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Situations where this form applies

This form should be used whenever a residential rental property built before 1978 is leased. If you are a landlord, it is required to disclose any known lead-based paint hazards before finalizing the rental agreement. This disclosure helps protect tenants from potential health risks associated with lead exposure.

Who can use this document

  • Landlords renting out residential properties built before 1978.
  • Tenants receiving disclosures related to lead safety hazards.
  • Real estate agents facilitating rental transactions involving older properties.

Steps to complete this form

  • Identify the rental property by entering the address and relevant details.
  • Check the appropriate box to indicate whether there is known lead-based paint or hazards.
  • Provide any records or reports related to lead hazards, if available.
  • Obtain the tenant’s acknowledgment and initial sections regarding received information and pamphlets.
  • Ensure all parties sign and date the document to certify its accuracy.

Is notarization required?

Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.

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Typical mistakes to avoid

  • Failing to provide the EPA pamphlet on lead poisoning prevention to tenants.
  • Not checking the appropriate box regarding lead-based paint presence.
  • Neglecting to obtain signatures from all parties involved.
  • Confusing properties constructed after 1978, which do not require this disclosure.

Benefits of completing this form online

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  • Editability to customize forms according to specific needs.
  • Reliability from templates drafted by licensed attorneys.

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FAQ

The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller's possession and notify the buyer of any known lead-based paint hazards.

The lead-based paint disclosure form is a required form to be issued to all tenants and potential buyers for residential properties built before 1978.The forms were written to warn any new owners or tenants of the potential existence of this within the interior walls of the residence.

As long as the salesperson has informed the sellers or lessors of their obligations to disclose, the salesperson won't be held liable for the failure to disclose to a purchaser or lessee the presence of lead-based paint or lead-based paint hazards known by sellers or lessors but not disclosed to the salesperson, says

The Rule states that if an agent is involved in a transaction to sell target housing, the "Lead Warning Statement" must include a statement signed by the agent that the agent has informed the seller of the seller's legal obligations and that the agent is aware of his/her duty to ensure compliance with the Rule.

Under the Disclosure Rule, any seller or landlord must disclose information concerning lead-based paint and/or lead-based paint hazards when selling or leasing to any prospective purchaser or tenant of residential housing. The residential housing covered by the Disclosure Rule are those units built before 1978.

Federal law requires you to provide certain important information about lead-based paint and/or lead-based paint hazards before a prospective buyer is obligated under a contract to purchase your home.Inform the seller of his or her obligations under the Real Estate Notification and Disclosure Rule.

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Oregon Lead Based Paint Disclosure for Rental Transaction