Patent or Latent Defects

What's the difference?

A hole in the middle of a living room floor is patently obvious to everyone that visits a home, however what if there's a carpet and piece of furniture over top of it? It will be discovered after a Seller has moved out of the home and the hole is discovered latently! What are the rights and responsibilities of each party:

  • Do Buyers have to accept defects?
  • Do Sellers have to disclose known defects?
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