A Georgia licensee is reviewing lead-based paint disclosure requirements for both sales and leases of pre-1978 residential properties. Which of the following statements about federal lead-based paint disclosure rules is NOT correct?
Correct Answer
D) Lead-based paint disclosure requirements apply only to sales of pre-1978 residential property and do not apply to lease transactions.
This statement is incorrect. Under the Residential Lead-Based Paint Hazard Reduction Act and EPA/HUD regulations (42 U.S.C. § 4852d; 24 CFR Part 35, Subparts F and G), lead-based paint disclosure requirements apply to both sales and leases of most pre-1978 residential housing. Landlords must disclose known lead-based paint and lead-based paint hazards, provide the EPA pamphlet, and include specific disclosure language in the lease.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Protected classes are groups of people who are legally shielded from discrimination based on specific characteristics.
Radon disclosure involves informing buyers about the presence or potential presence of radon gas in a property. Radon is a naturally occurring radioactive gas that can accumulate in buildings and is the second leading cause of lung cancer.
Fair housing laws apply to a broad range of activities related to housing, including sale, rental, financing, and advertising.
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