Lead Disclosure

[Jim Bentley]

My wife and I are going to begin managing (i.e. finding tenants for and being the tenants' main contact) for several rental units that my FIL owns.  His health no longer lets him do this.  We currently own and manage two of our own units.  

While going over his contract, I suggested adding in a lead disclosure statement; he doesn't want to, because he's never done that in the 60 years he's been renting out units.  Most of his units were built before 1978.  

My question is, as the official property managers, would we be legally in the line of fire if a tenant decides to sue because they didn't receive the lead disclosure and their child now has asthma?