Indiana Lead Based Paint Disclosure for Rental Transaction
Overview of this form
The Lead Based Paint Disclosure for Rental Transaction is a crucial legal document required in rental agreements for residential properties built before 1978. Its primary purpose is to inform tenants about the potential risks associated with lead exposure from paint, dust, and soil in older homes. This form is distinct because it not only mandates the disclosure of known lead hazards but also requires landlords to provide tenants with an EPA pamphlet on lead safety.
Key parts of this document
- Lead warning statement regarding properties built before 1978.
- Disclosure of the presence of lead-based paint or hazards.
- Records and reports about lead hazards related to the rental property.
- Instructions for tenant acknowledgment and EPA pamphlet receipt.
- Certification of accuracy by all involved parties.
When to use this form
This form should be used when renting a residential dwelling that was constructed prior to 1978. If you are a landlord offering such a property, completing this form is not only a legal requirement but also a critical step in ensuring tenant safety. This form protects both the landlord and tenant by documenting the acknowledgment of lead hazards.
Who needs this form
- Landlords or lessors renting residential properties built before 1978.
- Tenants or lessees entering into rental agreements for such properties.
- Real estate agents facilitating rental transactions involving older homes.
Completing this form step by step
- Identify the parties involved: the lessor (landlord) and lessee (tenant).
- Fill out the property details, including the address and construction date.
- Check the relevant boxes indicating the presence or absence of lead-based paint and any available records.
- Ensure the tenant acknowledges receipt of the lead information and EPA pamphlet by obtaining their initials.
- All parties must sign and date the document to certify the information provided.
Does this document require notarization?
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to provide the EPA pamphlet to the tenant.
- Not disclosing known lead hazards or omitting relevant information.
- Neglecting to obtain the tenant's acknowledgment and initials.
- Incomplete signatures, leading to unenforceable agreements.
Benefits of using this form online
- Convenient access allows for immediate download and completion.
- Editable fields make it easy to customize the document to specific rental properties.
- Reliable templates drafted by licensed attorneys ensure legal compliance.
- Secure storage options for keeping important documents organized.
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FAQ
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.
Immediately clean up any paint chips you find. Keep play areas clean. Don't let children chew on painted surfaces. Clean dust off of window sills and other surfaces on a regular basis, using a sponge, mop, or paper towels with warm water.
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.
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.
Most homes built before 1978 contain lead paint. In fact, some buyers specifically seek to purchase an older home for its charm and character.
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.
