Environmental
Under the Rhode Island Lead Hazard Mitigation Act, owners of pre-1978 rental properties must:
ARemove all lead paint before a tenant moves in
BComply with lead hazard mitigation standards and obtain a certificate of conformance✓ Correct
COnly disclose the presence of lead paint
DPay a lead hazard tax to the Rhode Island DEM
Explanation
The Rhode Island Lead Hazard Mitigation Act requires owners of pre-1978 rental properties to comply with lead hazard mitigation standards and obtain a certificate of conformance, going beyond mere disclosure requirements.
People Also Study
Related Rhode Island Questions
- The Rhode Island Lead Hazard Mitigation Act requires:Environmental
- Under the Rhode Island Lead Hazard Mitigation Act, which housing is primarily covered by lead hazard mitigation requirements?Environmental
- Rhode Island's DEM regulates which environmental hazard commonly found in older Providence neighborhoods that requires disclosure under the Lead Hazard Mitigation Act?Environmental
- Under Rhode Island's Lead Hazard Mitigation Act, a property owner who fails to comply with lead hazard mitigation requirements may face:Environmental
- A Rhode Island property manager who collects rents and manages properties for multiple owners must hold:Property Management
- Rhode Island agency disclosure requirements mandate that licensees provide a written disclosure of agency relationships:Agency
- A net lease used in Rhode Island commercial properties typically requires the tenant to pay:Property Management
- A percentage lease used in Rhode Island retail properties typically requires the tenant to pay:Property Management
Key Terms to Know
Gross Rent Multiplier (GRM)
A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
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 Requirements
Study This Topic
Practice More Rhode Island Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Rhode Island Quiz →