Think you can get away with not disclosing the presence or use of lead paint in your properties?
Think again.
A Massachusetts landlord was recently arrested and fined $85,000 for not disclosing the presence of lead paint to his tenants.
The Environmental Protection Agency (EPA) is enforcing new rules regarding lead paint that went into effect in April 2010. Paint dust and chips from lead paint can pose serious health risks if not removed properly and if you own a property that was built prior to 1978, chances are high that lead paint was used.
Lead paint has been found to cause serious health issues, such as developmental delays, learning disabilities, and behavioral problems in children. Adults can also suffer from nerve disorders, memory problems, and high blood pressure.
Property owners, property managers and real estate agents are also responsible for disclosing lead paint usage and records regarding lead paint disclosures must be kept for at least three years.
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