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Does a stigma attached to a home constitute a latent defect?
A murder in the house, a sexual deviant across the street and reported hauntings within a home can often play a role in the marketability of a property. When it comes to real estate, the principle of caveat emptor reigns. But like life itself, in law there are exceptions to the buyer beware rule.
“The law delineates a certain amount of perimeters about what a vendor is obligated to disclose about a property,” begins John Brennan, a commercial litigator with Lerners LLP in London, Ontario. “In Ontario, generally speaking, there is no obligation in law by a vendor to disclose a stigmatization.”
Read this Law Times article, Caveat emptor reigns in real estate law to learn more.
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