This is a Lead-Based Paint Disclosure form required for the rental of residential dwellings. If the rental unit was constructed PRIOR TO 1978, this form is REQUIRED to be completed and signed by the lessor/landlord and lessee/tenant. If the rental dwelling was constructed in 1978 or later, this form is not required. If in doubt about the timing of construction, use the disclosure form. Whenever the form is used, the landlord must also give the tenant the EPA pamphlet discussed below.
Kentucky Lead Based Paint Disclosure for Rental Transaction
State:
Kentucky
Control #:
KY-LEAD2
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Homeowners can face significant penalties for non-disclosure of lead hazards. The maximum fine for failing to provide a lead disclosure to tenants can reach up to $11,000 per violation. Being transparent about lead risks is crucial, particularly under the Kentucky Lead Based Paint Disclosure for Rental Transaction, to avoid costly penalties.
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.
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.
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.
Most homes built before 1978 contain lead paint. If people didn't buy homes with lead paint in them, no one with an older home would be able to sell it.