Latent Defect
Definition of "Latent defect"
A hidden or overlooked defect that may manifest itself at a later point in time. For example, a defect in a water pipe is not immediately discovered, and it later results in a massive water pipe failure resulting in severe flooding and water damage.
Popular Real Estate Terms
Heterogeneous (as opposed to homogenous) means diverse in nature applied to a place or object composed of separate and distinct parts. In other words, heterogeneous describes something that ...
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Right to enter and start construction or furnishing property that is in the process of being purchased. ...
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