Lead Law Update (FAQ Series): Are buildings containing dwelling units all of which are leased to students enrolled in a college or university degree program EXEMPT?
We are regularly receiving questions regarding the new Lead Law and have created a weekly “Frequently Asked Questions” (FAQ’s) forum for you as you desire to become more informed of the Lead Law and its complexity.
This week we are featuring a common question:
Question: Are buildings containing dwelling units all of which are leased to students enrolled in a college or university degree program EXEMPT?
Answer: No & Yes.
No, it is not "exempt" unless it is an official dorm owned by a university.
Yes, it is "exempt" if it is an official dormitory owned by a university. The property is “exempt” and an exemption form is required to be filed.