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North Dakota Lead Based Paint Disclosure for Rental Transaction

North Dakota Lead Based Paint

Name: North Dakota Lead Based Paint Disclosure for Rental Transaction
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.81 (221 reviews)

Category:

North Dakota Landlord Tenant - Disclosures - Lead Based Paint

State:

North Dakota

Control #:

ND-LEAD2

Format:

Instant download

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Description

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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FAQ

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 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.

As long as the salesperson has informed the sellers or lessors of their obligations to disclose, the salesperson won't be held liable for the failure to disclose to a purchaser or lessee the presence of lead-based paint or lead-based paint hazards known by sellers or lessors but not disclosed to the salesperson, says

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.

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 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.

North Dakota Lead Based Paint

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FAQ

Who signs the Lead Paint Disclosure?

What does it mean if there is a lead paint disclosure?

Who is held liable for the seller to disclose to a buyer or lessee the presence of lead-based known the seller or landlord but not disclosed to the salesperson?

Do you have to disclose lead paint?

What is the lead disclosure rule?

Who is responsible for disclosing the lead paint disclosure to the buyer?

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North Dakota Lead Based Paint

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How to fill out North Dakota Lead Based Paint Disclosure For Rental Transaction?

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