Virginia Lead Based Paint Disclosure for Rental Transaction
What this document covers
The Lead Based Paint Disclosure for Rental Transaction is a legal document that outlines the presence of lead-based paint in residential properties built before 1978. It is required by federal law for landlords renting such properties to disclose any known hazards to tenants. This form ensures transparency and safety in rental agreements, differentiating it from other rental-related documents by its specific focus on lead paint disclosures.
Main sections of this form
- Disclosure of lead-based paint presence or hazards
- Records related to lead-based paint provided by the landlord
- Acknowledgment of the EPA pamphlet receipt by the tenant
- Certification of the accuracy of the information provided
- Signatures of the lessor, lessee, and any agents involved
When to use this form
This form should be used whenever a rental property constructed prior to 1978 is being rented. It is essential to use this form for the protection of both the landlord and tenant, as it covers legal obligations regarding the disclosure of lead paint hazards. Additionally, the form is needed if there is uncertainty about the property's construction date.
Who needs this form
- Landlords renting residential properties built before 1978
- Tenants renting homes in the aforementioned category
- Real estate agents involved in rental transactions
How to complete this form
- Identify the rental property by entering the address, city, state, and zip code.
- Indicate the presence of lead-based paint or hazards by checking the appropriate box and providing explanations if necessary.
- List any records concerning lead paint that the landlord has made available to the tenant.
- Have the tenant initial to acknowledge receipt of information and the EPA pamphlet.
- Ensure that all parties sign and date the form for validation.
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.
Mistakes to watch out for
- Failing to disclose known lead paint hazards
- Not providing the EPA pamphlet to tenants
- Omitting signatures from all relevant parties
Legal use & context
- This form is legally required for rentals of pre-1978 properties to ensure tenant safety.
- Failure to comply with lead disclosure laws can result in significant penalties, including damages and fees.
What to keep in mind
- This form is mandatory for renting residential properties built before 1978.
- Transparency regarding lead hazards is critical for health and legal compliance.
- Proper completion and acknowledgment protect landlords from potential liabilities.
Form popularity
FAQ
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.
The VA requires that appraisers assume that a defective paint condition2026of properties built prior to 1978 involves lead-based paint. If defective paint is discovered on a pre-1978 home, appraisers must recommend on the appraisal report that corrective action be taken.
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.
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.
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.
