Lead Paint Disclosures

[Natasha Sumner]

We have an opportunity to purchase a mid size apartment building (33 units pre 1978) where the current owner has not given any tenant lead based paint disclosures to the tenants to sign. During our due diligence we have asked to have tenants sign estoppel certificates and lead paint disclosures and the sellers said "no". They don't want the tenant's to know the building is for sale and they are scared of the lead paint issues. Is this a good reason to walk from the deal or would we be ok with getting these items signed after settlement. We are getting a decent deal and although there are some discrepanices on the leases but we have all the leases. We will need to make renovations but I don't want the liability of having no lead disclosures upon settlement.