Known Lead Issue In NH

[Stacy Davis]

I was wondering if I could get some help. Found a 3 family property in Concord, NH. Just before we were going to put in an offer we were told there was a known lead issue from back in 1999. 

We now hesitate to put an offer in. Does anyone know how big a deal this really is? Most multi families here were built before 1978. The 3 we own were all built before 1978 but with no known lead issue on file. Of course we do give renters the speech and accompanying paperwork explaining there is no known lead issue but because the building was built before 1978 the potential is there.

Other question I have is how much it will affect rental income, potential tenants and the marketability of it if we want to sell it. 

The building is fully rented but I did notice there were no children there. These are 3 bedroom units that I had hopes would be ideal for families.

If anyone knows anything about known lead issues and the law would be valuable too. 

I really hate to lose this place as 3 and 4 families are difficult to find and they go quick when you do find one that's fairly decent.

Should I go ahead with an offer , if so, should there be contingencies ? Any help here would be appreciated.