For how long must a manager retain lead-based paint disclosure records?

The correct duration for retaining lead-based paint disclosure records is three years. This requirement is established under federal regulations, specifically the Residential Lead-Based Paint Hazard Reduction Act. The purpose of this regulation is to ensure that property owners and managers keep important documentation regarding lead exposure risks available, allowing for accountability and informed decision-making regarding the health and safety of tenants.

Retaining these records for three years helps ensure compliance with federal guidelines and allows for proper tracking of any lead-based paint problems that may arise, along with the corresponding disclosures made to tenants. Additionally, this duration aligns with the statute of limitations for potential legal claims, providing sufficient time for individuals to seek recourse if necessary.

Choosing a shorter duration, such as one or two years, would not satisfy the federal requirement and could leave property managers at risk of non-compliance. A longer retention period like five years, while seemingly more comprehensive, exceeds the established requirement, making it unnecessary from a legal standpoint.