The following form complies with 42 U.S.C. 4852d. However, individual state regulations should also be checked for compliance.
Guam Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards is an essential guideline that aims to protect individuals from the potential health risks associated with lead-based paint in residential properties. This disclosure requirement is particularly critical during the sale or rental of properties built before 1978. Below, you will find detailed information about Guam's disclosure regulations, its significance, and the types of disclosure forms available. Lead-based paint is a common issue in older properties, and its deterioration can lead to the release of toxic lead dust and particles, posing serious health risks. Guam's disclosure guidelines ensure that potential buyers or tenants are aware of any lead-based paint hazards and can make informed decisions regarding their safety. The Guam disclosure law mandates that sellers and lessors of residential properties, built before 1978, must provide specific information about the presence of lead-based paint or potential leads hazards. This disclosure must be made prior to signing any lease agreement or sales documentation. Additionally, real estate brokers or salespersons involved in the transaction must also facilitate the distribution of these disclosures. The disclosure process consists of various steps to ensure comprehensive information dissemination. The seller or lessor must provide the potential buyer or tenant with an Environmental Protection Agency (EPA)-approved lead hazard information pamphlet known as "Protect Your Family From Lead in Your Home." This pamphlet educates individuals about potential lead-related hazards and how to reduce exposure risks. Furthermore, the seller or lessor is required to complete a disclosure form known as the "Lead Warning Statement." This form discloses any known information regarding the presence of lead-based paint or related hazards in the residential property. It includes details such as the location of the lead-based paint, known hazards, and any available reports or documentation related to lead inspections or hazards reduction. In addition to the Lead Warning Statement, Guam also requires the completion of the "Lead Warning Statement, Acknowledgment and Disclosure (Sales)." This form serves as proof that the buyer has received and understood the lead-related disclosures. Similarly, for rental properties, the "Lead Warning Statement, Acknowledgment and Disclosure (Rentals)" form is necessary, acknowledging the tenant's awareness of lead-based paint hazards. It is important for buyers, tenants, and sellers to adhere to Guam's disclosure guidelines to protect the health and well-being of all parties involved. Failure to comply with these regulations may lead to legal consequences and potential liabilities. In summary, Guam Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards ensures that individuals are aware of potential lead-based paint hazards when buying or renting residential properties built before 1978. The forms and pamphlets provided during this disclosure process help educate and inform parties about lead-based paint risks and mitigation strategies to ensure a safe living environment.
