- How Much Money Is Needed To Invest In Rental Property?
- Should A Real Estate Investor Get An Agent’s License?
- 5 Big Factors That Affect The Costs Of Renovating Your Home
- SIBOR Hike – What You Can Do With Your Current Loan
- 6 Basic Don’ts Of Real Estate Negotiation Tactics
- Will New Condo Relaunches Trigger The Great Property Sale We Have All Been Waiting For?
- 10 Proximity Amenities That Add Value To Real Estate
- How To Get Personal Loans More Easily With Good Credit
Warranty Of Habitability
The warranty of habitability is an implied promise backed by law that a landlord has to provide a premise that is free from health and safety hazards.
The absence of the mention of this warranty in lease contracts does not mean that the agreeing parties will not be bound by the terms of it.
Tenants who find that a property breaches the warranty can legitimately request for a termination of the contract without incurring any penalties.
This is contradictory to the rule of caveat emptor.
It is therefore a landlord’s duty to keep the premises of a property fit and habitable or he might face legal problems.
0 comments