Glossary of terms related to real estate investment.
Here are some words you should know about real estate investment, such as “Blue Declaration” and “Supplemental Loan”.
Glossary
Defect liability Cactus
Responsibility to Buyer after delivery for "hidden flaws not known" at the time of delivery.
The subject of the warranty is
①Corrosion of wooden parts of main structural parts (roof, pillar, wall, foundation)
②Leak
③Harm of white ants
4Water pipe failure
There are four places.
According to the Residential Building Business Act, if the seller is a Residential Building Contractor
At least 2 yearsLiability for defects.
