Since 1978 the Federal Government has required that landlords and property owners or their agents disclose to prospective tenants or purchasers the potential for lead paint hazards in residential properties.
Exposure to lead paint, especially in infants and young children can cause harmful effects to intelligence, reading, learning and behavior. Women of child-bearing age with high lead levels can suffer difficulties during pregnancy. Adults with high levels of lead can experience high blood pressure, nerve disorders, memory problems and muscle and joint pain.
Eight real estate developers and management firms doing business in Lewiston, Maine face penalties for violations of federal lead paint disclosure rules. PropSys Management Company faces a potential fine of up to $154,400. The seven related companies listed below face a combined penalty of up to $561,000.
- Landmark Real Estate Management, Inc.
- Solo Affordable Housing Solutions, LLC
- Solo Development 2004, LLC
- Minbar Properties, LLC
- 87 Bartlett Street Associates, LLC
- LA Italian Properties, LLC
- Travis Soule dba Fish Properties
The EPA issued complaints against these companies, alleging violations of federal lead paint disclosure regulations. According to reports, EPA inspections indicated that, on multiple occasions, the companies failed to provide prospective tenants with lead paint disclosure information.
Posted by: Michael Sosnowski
Categories:
Maine Real Estate
Business News