What is a key requirement of the Lead Based Paint Hazard Reduction Act?

The Lead-Based Paint Hazard Reduction Act emphasizes the responsibility of sellers and landlords to disclose the presence of lead-based paint in properties, especially those built before 1978 when the use of lead-based paints in residential properties was banned. This requirement is crucial because lead exposure can cause significant health issues, particularly in children. By mandating disclosure, the Act ensures that potential buyers or tenants are informed about the risks associated with lead paint, allowing them to make educated decisions regarding their health and safety before entering into a rental or purchase agreement. This proactive approach seeks to mitigate risks associated with lead exposure rather than imposing requirements for removal or testing of existing paint, which can be more expensive and logistically challenging.