A risk management checklist.
Many children are poisoned each year by eating lead-based paint. In an attempt to address this problem, the federal government has issued regulations imposing strict requirements on the sale or lease of residential property constructed prior to 1978. There are no exceptions for churches or other nonprofit organizations. Church leaders need to be aware of these requirements whenever they sell or lease church-owned residential property. Failure to comply with these requirements can result in substantial liability, including "triple damages."
Here is a checklist of steps that church leaders can take to reduce the risk of liability based on the Residential Lead-Based Paint Hazard Reduction Act.
1. Buying residential property. Church leaders should be certain that the seller is complying with the Residential Lead-Based Paint Hazard Reduction Act whenever the church is ...