Maryland Lead Based Paint Disclosure for Rental Transaction

State:
Maryland
Control #:
MD-LEAD2
Format:
Word; 
Rich Text
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What is this form?

The Lead Based Paint Disclosure for Rental Transaction is a legal document required for rental agreements involving residential properties built before 1978. Its primary purpose is to inform prospective tenants about the risks associated with lead-based paint, a common hazard in older homes. This form is essential for landlords to comply with federal law, ensuring that tenants are aware of any lead presence or hazards in the property before signing the lease. If the rental property was constructed in 1978 or later, this disclosure is not needed. The form also mandates that landlords provide tenants with an EPA pamphlet on lead poisoning prevention.

Key components of this form

  • Identification of the rental property address and its construction date.
  • Disclosure of any known lead-based paint and lead hazards present in the dwelling.
  • Requirement for landlords to provide any available records or reports about lead paint.
  • Tenant acknowledgment of receipt of lead information and the EPA pamphlet.
  • Signatures of all parties involved, including the landlord, tenant, and any agents.
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Situations where this form applies

This form should be used whenever renting a residential property that was built before 1978 to comply with federal regulations. Landlords must complete and sign this disclosure form prior to the lease agreement being finalized. It is essential for safeguarding tenants, notably young children and pregnant women, from the potential dangers of lead exposure.

Intended users of this form

  • Landlords renting residential properties constructed before 1978.
  • Tenants who are signing rental agreements for such properties.
  • Real estate agents involved in rental transactions for older residential properties.

How to prepare this document

  • Write the street address, city, state, and zip code of the rental property.
  • Check the appropriate box regarding the presence of lead-based paint and/or hazards.
  • If applicable, provide details about any known lead hazards or state that none are known.
  • List any available records or reports regarding lead hazards, if any exist.
  • Require signatures from the landlord, tenant, and any agents involved, along with the date of signing.

Is notarization required?

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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Common mistakes

  • Failing to provide the EPA pamphlet to tenants.
  • Not completing all sections of the disclosure form.
  • Signing the form without ensuring that both parties understand the contents.
  • Neglecting to keep copies of the signed disclosure for record-keeping.

Why use this form online

  • Quick and easy access to legally vetted documents.
  • Editable templates that can be customized to meet specific rental agreements.
  • Instant downloads, allowing for immediate use in rental transactions.

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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