The Real Estate Encyclopedia
What is lead-based paint and why should I be aware of its presence?
Category - Home Ownership Questions - Lease & Renting FAQ's
Older homes may contain lead based paint. Lead was used as a pigment and drying agent in oil based paint. Lead based paint is toxic and considered a serious health hazard, especially to children.

Almost 70% of the homes built before 1940 and half the homes built from 1940 to 1978 may contain lead based paint. The paint may be on any interior or exterior surface, particularly on woodwork, doors, and windows.

In 1978, the U.S. Consumer Product Safety Commission lowered the legal maximum lead content in most kinds of paint to 0.06% (a trace amount). Paint in homes constructed before 1978 should be tested for lead before renovating or if the paint or underlying surface is deteriorating. This is particularly important if infants, children, or pregnant women are present.

If the home you are renting was built prior to 1978, the landlord is required to provide you with the lead-based paint exhibit for your review and acceptance.
 
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Home Ownership Questions - Lease & Renting FAQ's
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