New York Lead Based Paint Disclosure for Rental Transaction
What is this form?
The Lead Based Paint Disclosure for Rental Transaction is a crucial document for landlords who rent out residential properties built before 1978. Its primary purpose is to inform tenants about the potential hazards of lead-based paint and any known lead hazards in the rental unit. This form is distinct from other rental agreements as it addresses specific federal regulations regarding lead exposure, particularly important for protecting children and pregnant individuals from its harmful effects.
What’s included in this form
- Lead Warning Statement: Notifies tenants about the risks associated with lead in older properties.
- Lessorâs Disclosure: Requires the landlord to indicate whether they are aware of any lead-based paint hazards.
- Records and Reports: A section where landlords can provide any relevant documentation regarding lead hazards.
- Lesseeâs Acknowledgment: Confirms that tenants receive all necessary information and educational pamphlets about lead safety.
- Agentâs Acknowledgment: Ensures that any real estate agents are aware of their obligations to comply with the law.
- Certification of Accuracy: Signatures and dates affirming the truthfulness of the provided information.
Common use cases
This form should be used whenever a rental unit constructed before 1978 is being rented. It is essential for landlords to complete this form to fulfill legal obligations and inform tenants about the risks associated with lead exposure. It should also be utilized if there is any uncertainty about the year the property was constructed.
Who needs this form
- Landlords renting residential properties built before 1978.
- Tenants renting such properties who need to understand potential lead hazards.
- Real estate agents facilitating rental transactions involving older properties.
Steps to complete this form
- Identify the property: Enter the street address, city, state, and zip code of the rental unit.
- Check for lead hazards: Indicate whether known lead-based paint hazards are present or not.
- Provide documentation: List any records or reports regarding lead hazards if available.
- Get tenant acknowledgment: Ensure the tenant initials that they have received all requisite information and the EPA pamphlet.
- Sign and date: All parties involved, including the landlord, tenant, and any agents, should sign and date the form for accuracy.
Notarization requirements for this form
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.
Common mistakes to avoid
- Failing to provide the EPA pamphlet to the tenant.
- Not disclosing known lead hazards when aware of their presence.
- Incomplete signatures or dates on the form.
- Using this form for properties built in 1978 or later.
Benefits of completing this form online
- Convenient access to legal documents at any time from anywhere.
- Easy to download, fill out, and save for your records.
- Editable fields allow for quick updates if necessary.
- Reliable forms drafted by licensed attorneys ensure compliance with legal requirements.
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FAQ
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.
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.
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.
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.
