![]() |
Rule on Lead Paint Renovation Certificationby Jan Steward, AAR Risk Management SpecialistJune 2010 |
QUICKLINKS
| ||||||||||
REALTORS® and Brokers need to understand the EPA’S rule, which was effective after April 22, 2010, to properly disclose and advise their clients.
Basically, the new rule requires the certification of contractors and firms who renovate most properties:
An owner may perform work on their property without certification. The rule of thumb is that anyone who receives compensation must be certified.
Property Managers need to understand the new rule for disclosure and hiring of services. Any firm or contractor performing work on a property within the prescribed age for lead-based paint disclosure must be certified. If the property management company performs the renovations, they also must be certified. Again, the rule of thumb is anyone being compensated must be certified. An example could be that of a tenant who wants to perform their own work and rents are reduced for the effort (i.e., compensation) so they must be certified.
1An exclusion is zero bedroom units such as studios, efficiencies, or dorm rooms.
2A property built 1978 or prior |
||||||||||||
|
||||||||||||