Louisiana Lead Based Paint Disclosure for Rental Transaction
About this form
The Lead Based Paint Disclosure for Rental Transaction is a mandatory document for landlords renting residential properties built before 1978. It outlines the presence of lead-based paint and any potential hazards, ensuring tenants are informed of health risks associated with lead exposure. This form is specifically tailored for rental transactions and differs from other lead disclosure forms by focusing on the rental context and required disclosures to tenants.
Key parts of this document
- Lead Warning Statement: A notification regarding the dangers of lead exposure from paint, dust, and soil.
- Disclosure of Information: Sections for the lessor to disclose known lead hazards or state no knowledge of such hazards.
- Records and Reports: A section for the lessor to detail any available records regarding lead-based paint in the property.
- Lessees Acknowledgment: Initials from the lessee confirming receipt of the disclosure and EPA pamphlet.
- Agents Acknowledgment: Confirmation that an agent has informed the lessor of their obligations under federal law.
When this form is needed
This form is required for any rental transaction involving residential properties built before 1978. It must be completed and signed by both landlords and tenants to ensure compliance with federal regulations regarding lead-based paint. If there is any uncertainty about the year a property was constructed, using this form is advisable to fulfill disclosure obligations.
Who needs this form
- Landlords renting properties built before 1978.
- Tenants seeking to rent older homes or apartments.
- Real estate agents representing landlords or tenants in rental agreements.
How to complete this form
- Identify the property by filling in the complete street address, city, state, and zip code.
- In the disclosure section, indicate whether known lead hazards are present or if you have no knowledge of such hazards.
- List any records or reports available regarding lead-based paint for the lessee.
- Have all parties sign and date the form where indicated.
- Provide the EPA pamphlet on lead poisoning prevention to the lessee.
Does this form need to be notarized?
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.
Avoid these common issues
- Failing to disclose known lead hazards.
- Not providing the required EPA pamphlet to tenants.
- Using this form for properties built in 1978 or later.
- Missing signatures from all required parties on the form.
Benefits of completing this form online
- Convenience of immediate access and download from any location.
- Editability to customize the form for specific rental situations.
- Reliability of having a legally compliant form drafted by licensed attorneys.
- Easy sharing and filing options for both landlords and tenants.
Form popularity
FAQ
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.
Most homes built before 1978 contain lead paint. In fact, some buyers specifically seek to purchase an older home for its charm and character.
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 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.
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.
Older Homes and Buildings In 1978, the federal government banned consumer uses of lead-based paint, but some states banned it even earlier. Lead paint is still present in millions of homes, sometimes under layers of newer paint. If the paint is in good shape, the lead paint is usually not a problem.
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 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.
