Do you list, buy, manage, own or lease residential rental property that was built before 1978?
A major new lead law went into effective on November 1, 2005. This law requires owners of most pre-1978 rental property to comply with new education, inspection, and mitigation requirements. The law is triggered by tenant turnover of a unit or the tenancy of a child under six or pregnant woman (“at risk” tenants); therefore, most landlords will not be required to bring all of their rental units into compliance by this date. The law was recently amended to exempt certain types of properties.
REALTORS: Click here for your RISK REDUCTION GUIDE
If you’d like to voice your opinion about the regulations, call your state senator and state representative. Call the Secretary of State Elections Division at 401-222-2340 or click here to look up this information on-line.