Robert is selling his 1971 Queens apartment building with four rental units. A buyer is interested in purchasing the building. What lead-based paint disclosure requirements apply under New York law?
Correct Answer
A) Full lead-based paint disclosure required for the entire building
New York follows federal requirements that apply lead-based paint disclosure to all residential properties built before 1978, including multi-family rental buildings. The fact that it's an investment property does not exempt it from disclosure requirements.
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Under New York's implementation of federal lead-based paint law, what constitutes a 'lead-based paint hazard' that must be disclosed?
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A New York real estate agent discovers that their seller client failed to disclose known lead-based paint hazards in a 1969 home. The buyer has already signed the contract but has not yet conducted their lead inspection. What is the agent's primary legal obligation?