View Single Post
Old 04-08-2021, 02:20 PM   #496
troutman
Unfrozen Caveman Lawyer
 
troutman's Avatar
 
Join Date: Oct 2002
Location: Crowsnest Pass
Exp:
Default

https://www.reca.ca/consumers/proper...atent-defects/


A material latent defect is a physical defect that is not discernible through a reasonable inspection, and makes a property:
  • dangerous or potentially dangerous to the occupants
  • unfit to live in
  • unfit for a buyer’s purpose, should that purpose be known to the sellers or by the industry professional
These are defects that may not be discoverable during a reasonable inspection of the property, even by a professional home inspector.


Material latent defects may also include:
  • defects that would be very expensive to repair
  • when a seller has received a notice from a local government or authority that something about the property must be fixed
  • when the seller does not have appropriate building or other permits for the property
EX. the home was a former marijuana grow-op and the property hasn’t been remediated
troutman is offline   Reply With Quote