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Maryland Lead Based Paint Disclosure for Rental Transaction

State:
Maryland
Control #:
MD-LEAD2
Format:
Word; 
Rich Text
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What this document covers

The Lead-Based Paint Disclosure for Rental Transaction is a legal document required when renting residential properties built before 1978. Its primary purpose is to inform tenants about potential lead-based paint hazards. This form must be completed and signed by both the landlord and the tenant. If the property was constructed in 1978 or later, the form is not necessary, but it's wise to use it if there is any uncertainty regarding the construction date.

Key components of this form

  • Lead Warning Statement: Alerts parties about possible lead exposure risks in homes built before 1978.
  • Lessor's Disclosure: Requires landlords to indicate if known lead-based paint hazards exist.
  • Records and Reports: Landlords must disclose any available records about lead hazards.
  • Lessee's Acknowledgment: Tenants confirm receipt of the information and lead pamphlet.
  • Agent's Acknowledgment: Ensures agents understand their role in compliance with lead disclosure laws.
  • Certification of Accuracy: Confirms that provided information is true and accurate.
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When this form is needed

This form should be used whenever renting residential properties constructed before 1978. It is essential for protecting the health of tenants, especially children and pregnant women, by ensuring they are aware of any potential lead hazards. Use this form if you are uncertain about the age of the property or if you want to ensure compliance with federal laws regarding lead-based paint disclosures.

Who can use this document

  • Landlords renting residential properties built before 1978.
  • Tenants who are considering renting such properties.
  • Real estate agents handling rental transactions for older properties.

How to prepare this document

  • Identify the property: Specify the address and details of the rental unit.
  • Check for lead hazards: The landlord must confirm if lead-based paint hazards are present.
  • Provide documents: List any records related to lead-based paint if available.
  • Sign and date: Both landlord and tenant must sign and date the document.
  • Distribute the pamphlet: Ensure tenants receive the EPA pamphlet on lead poisoning prevention.

Notarization requirements for this form

In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.

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Common mistakes to avoid

  • Failing to use the form for properties built before 1978.
  • Not providing the required EPA pamphlet to tenants.
  • Incomplete information on lead hazards and records.
  • Missing signatures from either party.

Benefits of using this form online

  • Convenient access: Download the form instantly from anywhere at any time.
  • Editability: Fill out the form digitally for accuracy and ease of use.
  • Reliability: Ensure compliance with federal laws using professionally drafted templates.

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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.

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 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.

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.

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.

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Maryland Lead Based Paint Disclosure for Rental Transaction