Wisconsin Lead Based Paint Disclosure for Rental Transaction
Overview of this form
The Lead-Based Paint Disclosure for Rental Transaction is a legal form required for the rental of residential properties built before 1978. This form is essential for landlords and tenants to document any known lead hazards within the property, ensuring compliance with federal regulations. It serves to inform tenants about potential lead-based paint risks, which is crucial for their health and safety.
Key parts of this document
- Disclosure of known lead-based paint and/or hazards in the property.
- Records and reports availability regarding lead hazards.
- Tenant acknowledgment of receiving the necessary information and pamphlet.
- Certification of accuracy from both landlord and tenant.
- Signature sections for all involved parties.
State-specific compliance details
In Wisconsin, landlords must ensure that this disclosure form is provided and properly executed to comply with both federal and state regulations regarding lead safety in residential rentals.
Common use cases
This form should be used whenever a residential rental property was constructed prior to 1978. Landlords must complete and sign this form before finalizing a rental agreement with prospective tenants. It is important for protecting both parties by promoting awareness of lead-related health risks.
Intended users of this form
- Landlords renting properties built before 1978.
- Tenants seeking to rent a residential unit constructed prior to 1978.
- Real estate agents facilitating rental agreements for older properties.
Steps to complete this form
- Identify the rental property's details, including address and construction date.
- Indicate whether known lead-based paint or hazards are present in the property.
- Check if all available reports and records related to lead hazards have been provided to the tenant.
- Have both the landlord and tenant sign and date the form.
- Ensure the tenant receives a copy of the EPA pamphlet on lead poisoning prevention.
Notarization guidance
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
Common mistakes to avoid
- Failing to provide the form if the property was built before 1978.
- Not obtaining signatures from both parties.
- Neglecting to provide the EPA pamphlet on lead safety.
Advantages of online completion
- Convenience of downloading and completing the form at your own pace.
- Editability allows personalization and correction before finalization.
- Reliability of using attorney-drafted forms ensures legal compliance.
Form popularity
FAQ
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.
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.
Older Homes and Buildings In 1978, the federal government banned consumer uses of lead-based paint, but some states banned it even earlier. Lead paint is still present in millions of homes, sometimes under layers of newer paint. If the paint is in good shape, the lead paint is usually not a problem.
Most homes built before 1978 contain lead paint. In fact, some buyers specifically seek to purchase an older home for its charm and character.
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.
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.
