Sentences with phrase «deficiencies in property purchased»
The underlying rationale for the doctrine rests on a policy decision as to which party should bear the risk of any deficiencies in property purchased.
http://www.slaw.ca/ Not exact matches
You are not liable for the deficiency in judicial foreclosure for property with four units or less, seller - financed loans, or refinances of purchase - money mortgages executed after January 1, 2013.
As long as your property is 2.5 acres or less in size and you used mortgage financing to purchase the property, you're protected from a deficiency judgment.
The Respondent purchased a unit in the Roosevelt Apartments, and subsequently the strata council of the building confirmed deficiencies to the common property exterior cladding, which required repairs estimated at $ 35,109 per strata lot.
The legal doctrine of caveat emptor («let the buyer beware») continues to apply to real estate transactions in BC today, and can have the effect of denying the buyer a remedy for defects and deficiencies discovered in the property after purchase.