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Chris The Lawyer
Chris The Lawyer, Lawyer
Category: New Zealand Law
Satisfied Customers: 23068
Experience:  38 years qualified as a lawyer; LLB, MMgt and FAMINZ.
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Our house sale went unconditional a few weeks ago. We had

Customer Question

Our house sale went unconditional a few weeks ago. We had declared a previous leak on the transaction report (on a deck through to ground floor - NOT leaky building) that we'd had repaired and to the best of our knowledge no longer leaked. The buyer chose not to get a builders report. In the storms at the weekend the heavy water has caused the leak to start again. Do we need to advise the buyer & reduce the agreed price to cover the cost of repairs?
Submitted: 2 years ago.
Category: New Zealand Law
Expert:  Chris The Lawyer replied 2 years ago.
You have no legal obligation to do so, but because people are now suspicious of leak problems, it may be prudent to do so, in case this was not repaired, but showed up again later on. You could in that case be accused of misleading the purchaser. So there could be a risk they would complain