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Texas Addendum For Sellers Disclosure of Information On Lead-Based Paint Hazards

Category:
Statewide Real Estate Commission - Contracts
State:
Texas
Control #:
TX-OP-L
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Addendum For Sellers Disclosure of Information On Lead-Based Paint Hazards
The Texas Addendum For Sellers Disclosure of Information On Lead-Based Paint Hazards is a document that is used by sellers in the state of Texas to disclose any known lead-based paint hazards in a residential property. This addendum is required by the state of Texas in order to comply with the US Environmental Protection Agency’s Lead Disclosure Rule. The addendum includes information on any identified lead-based paint hazards, the presence of any lead-containing materials, and the availability of any lead hazard records or reports. There are three types of Texas Addendum For Sellers Disclosure of Information On Lead-Based Paint Hazards: the Lead-Based Paint Addendum, the Lead-Safe Renovation Addendum, and the Lead-Safe Maintenance Addendum. The Lead-Based Paint Addendum is used to disclose any known lead-based paint hazards in a residential property. The Lead-Safe Renovation Addendum is used to disclose any lead-safe renovation done in a residential property. Lastly, the Lead-Safe Maintenance Addendum is used to disclose any lead-safe maintenance that has been performed in a residential property.

The Texas Addendum For Sellers Disclosure of Information On Lead-Based Paint Hazards is a document that is used by sellers in the state of Texas to disclose any known lead-based paint hazards in a residential property. This addendum is required by the state of Texas in order to comply with the US Environmental Protection Agency’s Lead Disclosure Rule. The addendum includes information on any identified lead-based paint hazards, the presence of any lead-containing materials, and the availability of any lead hazard records or reports. There are three types of Texas Addendum For Sellers Disclosure of Information On Lead-Based Paint Hazards: the Lead-Based Paint Addendum, the Lead-Safe Renovation Addendum, and the Lead-Safe Maintenance Addendum. The Lead-Based Paint Addendum is used to disclose any known lead-based paint hazards in a residential property. The Lead-Safe Renovation Addendum is used to disclose any lead-safe renovation done in a residential property. Lastly, the Lead-Safe Maintenance Addendum is used to disclose any lead-safe maintenance that has been performed in a residential property.

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FAQ

What happens if you don't disclose? A failure to disclose the presence of lead paint opens the seller to liability. You could be sued for legal damages if a child gets sick from lead poisoning, or you may have to pay federal penalty fees of over $10,000, ing to NOLA. Older homes may have lead paint.

Owning and selling an Affected Property When selling a home built before 1978, state and federal laws require certain disclosures. Under Maryland law, the owner is required to disclose whether any lead paint related remediation needs to be done, and whether the owner will perform the remediation before the sale.

The lead paint addendum provides information which is meant to inform purchasers about hazardous lead paint that could potentially be present. The addendum is required for properties built prior to 1978.

Disclose any known information concerning lead-based paint or lead-based paint hazards. The seller or landlord must also disclose information such as the location of the lead-based paint and/or lead-based paint hazards, and the condition of the painted surfaces.

Just like in a residential building, owners of commercial properties must also disclose the presence of lead so long as they are selling the property. However, if they are only renting or leasing the space, they are not required to share that information with potential occupants.

This requires that potential buyers and renters of housing built prior to 1978 receive certain information about lead and lead hazards in the residence prior to becoming obligated to buy or rent, and provides the opportunity for an independent lead inspection for buyers.

based paint disclosure form is a form issued to all tenants and potential buyers for residential properties built before 1978 to outline the property's history of exposure to leadbased paint.

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More info

Description: This Addendum is used to comply with federal regulation to furnish a lead paint disclosure in properties constructed prior to 1978. Use Fill to complete blank online NORTHEAST FLORIDA ASSOCIATION OF REALTORS pdf forms for free.This Addendum is attached to and made a part of the Offer to Purchase and Contract ("Contract") between Seller and Buyer for the. Property. Housing built before 1978 is presumed to contain lead-based paint. â–«. Date (Year Only):. 2015. 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. A risk assessment or inspection for possible. 14. Lead-based paint hazards is recommended prior to purchase. 15. Leases will include a federal form about lead-based paint. SELLERS will have to disclose known information on lead-based paint hazards before selling a house.

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