'Caveat Emptor' for Residential Real Estate
Daily Record (Rochester, NY) › February 16, 2006
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Summary
Where home buyers discovered water problems in their basement, they alleged breach of contract, negligence, fraudulent misrepresentation and punitive damages.
Reviewing the facts in Daniel G. Renkas, Jr. and Alyssa J. Renkas v. Edwin B. Sweers, New York State Supreme Court, Monroe County Judge Thomas A. Stander determined the buyers had the opportunity to inspect, and the sellers had no duty to disclose. The court granted the seller's motion for summary judgment on each claim.See the full content of this document
Extract
'Caveat Emptor' for Residential Real Estate
The Facts
On May 16, 2002, the plaintiff-buyers, Daniel G. Renkas, Jr. and Alyssa J. Renkas, entered into a purchase and sale contract of residential real estate with the defendant-seller, Edwin B. Sweers.The contract contained the standard clauses:Buyer agrees to purchase the property 'AS IS' ... subject to reasonable use, wear, tear and natural deterioration between now and the tim...See the full content of this document
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