Property Condition Report

[quovadis]

See now thats a different thing altogether and one I could agree to.

Have an inspection report available to all prospective buyers....

But if an agent came to me to sign anything other than an OTP after they've got a mandate on the property (and not sole) they would get told to get monumentally bent.

Generally a condition report declaration is available prior to but at the time of signing an OTP and any additional inspection clauses/conditions will form part of the OTP. It's prudent to do this as it generally protects both parties.

 

[The Darkness]

Thanks very much for the feedback and brilliant insights. So it looks like it has no basis if correctly contracted: https://www.privateproperty.co.za/a...eport-is-not-legal-and-should-be-replaced/161

 

[RonSwanson]

Yes but the seller’s report declares what the seller knows. If the seller knows something, but leaves it to an independent assessor to find, they’re playing games that could come back to bite them if the buyer finds out.

Sure, but that is why we pay around R4000 for a report up in Gauteng. And there is recourse many months later, when latent defects surface.

 

[me_]

The property condition report is a legal requirement when selling a home now - has been for some time. You have to have it. The main focus is on latent (hidden) defects - you don't actually have to list patent (clearly visible) defects.

A buyer can claim from a seller for a latent defect regardless of the voetstoets clause. The only challenge is proving that the seller was aware of the defect.

Patent and latent property defects explained

If you’re buying or selling property, it’s important to know about your rights regarding patent and latent defects.

www.privateproperty.co.za