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New Mexico Lead Based Paint Disclosure for Sales Transaction

Lead Based Paint Disclosure Form

Name: New Mexico Lead Based Paint Disclosure for Sales Transaction
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.66 (235 reviews)

Category:

New Mexico Real Estate - Home Sale

State:

New Mexico

Control #:

NM-LEAD1

Format:

Instant download

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Description Paint Disclosure Sales

This Lead-Based Paint Disclosure statement is required by Federal Law when selling residential housing built prior to 1978. If the home was constructed PRIOR TO 1978, this form is REQUIRED to be completed and signed by the seller and buyer. If the 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 seller must also give the buyer the EPA pamphlet discussed below.

View Agreement or Contract for Deed for Sale and Purchase of Real Estate a/k/a Land or Executory Contract

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View Buyer's Request for Accounting from Seller under Contract for Deed

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View Contract for Deed Seller's Annual Accounting Statement

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View Assignment of Contract for Deed by Seller

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View Notice of Assignment of Contract for Deed

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View Residential Real Estate Sales Disclosure Statement

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Commercial Rental Lease Application Questi...

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Lead Based Paint Disclosure Nm Other Form Names

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Lead Based Paint Disclosure Statement FAQ

Provide a 10-day period to conduct a paint inspection or risk assessment for lead-based paint or lead-based paint hazards. Parties may mutually agree, in writing, to lengthen or shorten the time period for inspection.

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.

Correct Before the purchaser or lessee is obligated under a contract for sale or lease. Purchasers or lessees must receive the lead-based paint disclosures before they become obligated under a contract for sale or lease, which generally occurs when the contract or lease is signed. 5.

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.

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 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

Lead Based Paint Disclosure Form

Description Paint Disclosure Sales

Lead Based Paint Disclosure Related forms

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How to fill out New Mexico Sales Form?

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Lead Based Paint Disclosure Contract Form Rating

Paint Disclosure Form Form popularity

Lead Based Paint Disclosure Nm Other Form Names

Lead Based Paint Disclosure Statement FAQ

When giving a lead-based paint disclosure What is the usual timeframe during which an inspection can take place?

Who signs the Lead Paint Disclosure?

When must lead hazard disclosure occur for sales transactions?

Do you have to disclose lead paint?

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

What is the lead disclosure rule?

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?

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