The Fargo North Dakota Lead Based Paint Disclosure for Rental Transaction is a mandatory document that provides important information regarding the presence of lead-based paint hazards in rental properties within the Fargo, North Dakota area. This disclosure aims to protect tenants from potential health risks associated with lead exposure and ensure transparency during the rental transaction process. Landlords are required to provide this disclosure to potential tenants before signing any lease agreements. Fargo's landlords must abide by federal regulations, specifically the Lead-Based Paint Poisoning Prevention Act (LR PPA) established by the Environmental Protection Agency (EPA). This act aims to reduce the risk of lead poisoning caused by the deteriorating lead-based paint commonly found in homes built prior to 1978. The LR PPA necessitates landlords to disclose any known information about lead-based paint or hazards in their rental properties. The Fargo North Dakota Lead Based Paint Disclosure for Rental Transaction typically includes the following essential details: 1. Identification of the Property: This section provides information on the rental property's address, including the unit number, street name, city, and zip code, to clearly identify which property the disclosure applies to. 2. Party Information: This section outlines the names, contact details, and signatures of both the landlord and tenant involved in the rental transaction. It ensures that both parties acknowledge the receipt and understanding of the lead-based paint disclosure. 3. Acknowledgment of Lead-Based Paint Hazards: This section describes the potential risks associated with lead-based paint hazards, such as lead dust or lead-contaminated soil or water, commonly found in older housing units. It alerts the tenant to the possibility of these hazards within the rental property. 4. Records Availability: This section specifies the timeframe of record retention related to lead-based paint hazards. It ensures that the landlord will keep any available records or reports regarding lead-based paint in the rental property for at least three years. 5. Right to Conduct Inspections: This section informs the tenant about their right to conduct an inspection for lead-based paint hazards at their own expense. It advises tenants to hire a certified lead inspector or risk assessor to assess the rental property if they have concerns about potential lead exposure. Different variations or additional elements may exist within Fargo North Dakota Lead Based Paint Disclosure types, such as: 1. Lead-Based Paint Pamphlet: Landlords are required to provide tenants with a pamphlet called "Protect Your Family From Lead in Your Home" to supplement the disclosure. The pamphlet provides further guidance on lead-based paint hazards and preventive measures. 2. Waiver of Lead-Based Paint Testing: In some cases, the landlord and tenant may agree to waive the option of conducting a lead-based paint inspection. This waiver should be clearly stated in the disclosure to ensure both parties are aware of their decision. The Fargo North Dakota Lead Based Paint Disclosure for Rental Transaction is an essential document that facilitates transparency between landlords and tenants, ensuring both parties are well-informed about potential lead-based paint hazards in rental properties.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.