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Amazon Associates Newsletter

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epoa_lead_paint_disclosures

By Federal law Sellers and Lessors of properties built before 1978 must disclose their actual knoweldge (e.g. prior test results or other first hand informaiton) of lead-based paint or leaad-based paint hazards.


Whatever form is used must inlcude the following:


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The "Lead Warning Language" exactly as written in the EPA form.

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Seller or lessor acknowledgement of his disclosure of the presence of any known lead- based paint and/or lead-based paint hazards, including test results.

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Purchaser or lessee acknowledgement of receipt of all the required disclosures and lead-based paint information pamphlet.

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Purchaser acknowledgement of receipt of a 10-day opportunity to conduct a lead test or that he agreed to a shorter testing period or waived it completely.

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Agent acknowledgment that the seller/lessor was advised of his disclosure obligations, and that he is aware of his duty to ensure the seller/lessor's compliance with the disclosure requirements.

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Certification by all parties of the accuracy of the information they provided.

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The disclosure form must be completed even in the case of an oral lease agreement.