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Often as part of the home inspection, an assesment of lead paint abatement/removal in the home is required. I believe some cities require that any lead paint be addressed before a certificate of occupancy can be issued. Just for your own benefit, ask your town's building inspector. The lead paint could be another card for you to play in the negotiation of the price of the home since it is a hazard that will have to be dealt with as the new home owner which will cost money and time.