Environmental
In Minnesota, lead-based paint disclosure requirements for pre-1978 homes apply to:
AOnly the sale, not the rental, of pre-1978 homes
BBoth the sale and long-term rental of pre-1978 homes✓ Correct
COnly homes with visible peeling or chipping paint
DOnly homes with children under 6 living in them
Explanation
The Residential Lead-Based Paint Hazard Reduction Act (Title X) requires disclosure of known lead-based paint hazards for both the sale and rental of pre-1978 residential dwellings. This applies regardless of the property's current condition—the age of construction triggers the disclosure requirement.
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Key Terms to Know
Contingency
A condition in a purchase contract that must be satisfied before the sale can proceed to closing.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
State-Specific Concepts
Disclosure RequirementsDRE Regulation
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