What does Patent Defect mean?

Patent Defect - A patent defect is a problem or defect that is present in a property at the time it is sold and is known to the seller but not disclosed to the buyer. These defects can include issues such as leaky roofs, faulty foundations, or other structural issues. It is the responsibility of the seller to disclose any known defects to the buyer before the sale is completed, and failure to do so can lead to legal action.

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Executor Specifications Real Estate Attorney Victorian Style Assessor Needs-Based Pricing Attorneys' Fees The 72-Hour Clause Upgrades Additional Rent Forbearance Cooperative Project Online Real Estate Listings Incurable Defect Non-Liquid Asset Federal Housing Administration (FHA) Interest Accrual Rate Depreciation