I am not a lawyer but this is how I understand things based on some reading I did a while back for a family member.
- Voetstoots is alive and well despite the CPA.
- The CPA only applies to houses bought from property developers.
- A patent defect is one that a buyer should have been aware of upon a careful inspection of the property. Examples are broken windows and bad carpets.
- It is the buyer's responsibility to carefully inspect a property to familiarise themself with the state of the property. They cannot afterwards complain they were unaware of a patent defect.
- A latent defect is one that the buyer could not have been aware of upon a careful inspection of the property. Examples are a stove where one of the plates isn't working or a rat infestation in the roof of the house.
- The seller may be aware or unaware of a latent defect. For example the seller may not have been aware of a broken stove plate because of never using that particular stove plate when cooking.
- If the seller is aware of a latent defect, they must declare this defect in the sale. As such the latent defect becomes a patent defect.
- Voetstoots clauses cover all patent defects and all latent defects that the seller was not aware of.
- If a seller is aware of a latent defect but does not declare it to a prospective buyer then it is fraud and the seller can subsequently be sued for the cost of repairs and damages. The buyer needs to be able to prove however that the seller was aware of the defect and this can be difficult. An example of this would be the following: A house has a roof that leaks. Before putting the house on the market, the seller has the ceiling and walls repaired to hide the fact that the roof leaks, without having the actual roof fixed. If the seller does not disclose the fact that the roof leaks then they are maliciously concealing a latent defect. If the buyer can subsequently show that the seller must have been aware of the problem through the fact that they had damage to the walls and ceiling repaired before the sale then the buyer can sue the seller for the cost of having the roof repaired.
Once you've signed an offer to purchase, you are contractually bound. The process is no longer within your control. Hence you cannot simply instruct the conveyancers to halt all paperwork until further notice.