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Caveat is Latin for "beware". [1] In Australian property law and other jurisdictions using the Torrens title system, a caveat is a warning that someone other than the owner claims some right over or nonregistered interest in the property .
Generally, caveat emptor is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods. The phrase caveat emptor and its use as a disclaimer of warranties arises from the fact that buyers typically have less information than the seller about the good or service they ...
In construction contracting, a latent defect is defined as a defect which exists at the time of acceptance but cannot be discovered by a reasonable inspection. [2]In the 1864 US case of Dermott v Jones, the latent defect lay in the soil on which a property had been built, giving rise to problems which subsequently made the house "uninhabitable and dangerous".
In the United States, a seller disclosure statement is a form disclosing the seller's knowledge of the condition of the property. The seller disclosure notice or statement is anecdotal and does not serve as a substitute for any inspections or warranties the purchaser may wish to obtain.
Commercial real estate has beaten the stock market for 25 years — here's how savvy investors can become the landlord of Walmart, ... there’s the obvious caveat: throning your partner can be a ...
In addition, a warning note or caveat (he'arat azhara, הערת אזהרה) is regularly placed in the Land Registry after a transaction is agreed upon and before its registration is completed. In many cases, due to various impediments to completing the registration, the warning note remains on the Land Registry for decades, commonly perceived ...
Here are the 10 best and 10 worst states for property taxes — and how much you might spend per year, according to data gathered from ATTOM, a curator of land, property, and real estate data ...
Nemo dat quod non habet, literally meaning "no one can give what they do not have", is a legal rule, sometimes called the nemo dat rule, that states that the purchase of a possession from someone who has no ownership right to it also denies the purchaser any ownership title.