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This is a Lead-Based Paint Disclosure form required for the rental of residential dwellings. If the rental unit was constructed PRIOR TO 1978, this form is REQUIRED to be completed and signed by the lessor/landlord and lessee/tenant. If the rental dwelling was constructed in 1978 or later, this form is not required. If in doubt about the timing of construction, use the disclosure form. Whenever the form is used, the landlord must also give the tenant the EPA pamphlet discussed below.
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Lead Based Transaction Interesting Questions
Lead-based paint disclosure in Oklahoma refers to the legal requirement for home sellers to inform potential buyers about any known presence of lead-based paint or lead-based paint hazards in a residential property.
Lead-based paint can be hazardous, especially for young children and pregnant women. The disclosure allows buyers to make informed decisions and take necessary precautions if lead-based paint is present in the property they intend to purchase.
According to federal law, lead-based paint disclosure is required for residential properties built before 1978. However, state laws and regulations may impose additional requirements or exceptions. It is advisable to consult with a real estate professional or attorney for specific details.
The responsibility for lead-based paint disclosure typically falls on the home seller or their representative, such as a real estate agent or broker. Their role is to provide accurate information regarding the presence of lead-based paint or known hazards in the property.
A lead-based paint disclosure statement should clearly state whether the home seller has knowledge of lead-based paint or lead-based paint hazards, provide any available testing or evaluation reports, and offer any additional information regarding the risks associated with lead exposure.
Yes, a buyer has the right to request a lead-based paint inspection in Oklahoma, especially for properties built before 1978. It is recommended to include any inspection requests as part of the purchase agreement or addendum to ensure both parties are aware of their responsibilities.
Failure to disclose lead-based paint in Oklahoma may result in legal consequences for the seller, including potential financial penalties and liability for any harm caused to the buyer as a result of lead exposure. Buyers are strongly advised to thoroughly review all disclosures and seek professional advice if uncertain.
While federal law requires lead-based paint disclosure for properties built before 1978, certain exemptions may apply. For example, if a property qualifies as a 'zero-bedroom' dwelling or if the buyer has waived the right to receive a lead-based paint disclosure, exemptions might be permitted. State regulations may provide further exemptions or variations, so it's essential to consult the applicable laws.
Buyers can protect themselves by thoroughly reviewing all disclosure documents, asking relevant questions about lead-based paint, considering a lead inspection if necessary, and following any recommended safety measures provided by health authorities. A home inspection by a qualified professional can also help identify potential risks and ensure a safe living environment.
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