“I bought a condo with a cracked slab 5 years ago. We filled it at that time and have not had a problem with anything that we can see since then. I had put in wood floors and new carpet back then and have not looked under either since. Do we have disclose this to the new owners that the problem existed years ago or do I have to pull up the wood and check to see if all is OK today. If we say nothing – how long do we have until they can legally still come back at me if repairs are needed? Thanks.
***ANSWER:
The law says you have to disclose what you know, but you do not have a duty to investigate.
As to how long a potential buyer can come back at you (i.e. the statute of limitations), there are several variables that determine that. As that is a complex legal question, its better asked of an attorney.
And, as always, please verify all legal questions with an attorney.
