WebFeb 1, 2024 · A latent defect is a defect not discoverable through a reasonable inspection and makes a property dangerous or potentially dangerous to the occupants or unfit for human habitation. At common law, a seller must disclose any known latent defects. There is an old expression that you should not be “pennywise and pound foolish.” Although hiring a home inspector will cost you some money right now, you can help avoid nasty surprises after you purchase the home. Latent defects are frightening for buyers, because they’re not easily discoverable to those without … See more Many states' laws require sellers to disclose certain material defects in the property prior to the closing. Each jurisdiction is different. A few embrace the caveat … See more Most sellers are not intentionally deceptive (even if they do want to make their property look as nice as possible). More often, sellers genuinely do not know about … See more
Construction Defects: Who Is Responsible for What?
WebSep 1, 2001 · These include wear and tear, dampness or dryness of atmosphere, changes in temperature, wet and dry rot, inherent vice, latent defect, contamination and negligence. A few policies include specific exclusions for mold and fungus, although these were likely inserted to deal with food products rather than buildings and structures. WebOct 13, 2024 · how we make money. . A latent defect is a problem relating to property, either real property or personal property. In real estate, it specifically refers to damage to a part of the property or a ... miniature bird of paradise
Growing Mold, Growing Litigation - Riker Danzig
WebAug 8, 2013 · Latent defects are not within the knowledge, nor the sight, of a prospective buyer. These kinds of defects may, among other things, render a property dangerous to occupants (e.g., a cracked... WebJul 19, 2024 · Defects Due to Heat. There are five casting defects caused by heat, including hot tears, cold shut, and thermal fatigue. 1. Hot Tears. Hot tears are some of the … WebApr 15, 2024 · Latent defects may also be caused by structural failure, such as a leaking roof or broken walls. This is particularly true of older homes that have been in use for a long time. There are several different kinds of latent defects, including: water damage, termite infestations, mold and other environmental problems. These can be difficult to ... miniature bicycle cake topper