Category: Property Disclosure Statements

Disclosure in BC Residential Real Estate

By Peter Borszcz / Common Questions, Contracts, Home Inspection, Property Disclosure Statements, Sellers, Vendors /

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Higher Standards for Property Disclosure Statements

By Peter Borszcz / Property Disclosure Statements, Realtors /

In BC, Sellers have a choice with Property Disclosure Statements ("PDS"), they could either:simply cross them out and do not complete the questionaire and mark "as-is"; thus the principal of "buyer beware" would apply (Smith, 2005 BCSC 635); or they would have to fill out the PDS "to the best of their knowledge"...