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Lead paint is a hazardous material commonly found in homes built before 1978. If the paint is not peeling or flaking, and is generally in good condition, then it does not need to be removed. If however the paint is not in good shape, then it may pose a hazard, and it will either need to be removed, or sealed in such a way as to eliminate the hazard. Here is a link to the EPA's lead paint information:
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