03-13-2013, 03:08 PM
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#17
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Closet Jedi
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Quote:
Originally Posted by troutman
STIGMATIZED PROPERTY DISCLOSURE
Is the seller obligated to disclose if there has been a murder, suicide or ghosts in the property?
NO. There is no "law" in Ontario that requires the seller to provide disclosure of a murder, suicide or ghosts in a property.
However, Realtors are governed by RECO and their local real estate boards which have rules and regulations regarding disclosure and require Real Estate Agents to disclose any material facts that affect the market value of the property. Therefore, if a Real Estate Agent has knowledge of an event such as a murder they are required to disclose such information to the purchaser (in most cases - depending on how long ago the event took place). Real Estate Agents must be careful to avoid misrepresentations, error and concealment of facts.
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LOL at the ghosts part.
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Gaudreau > Huberdeau AINEC
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