Guarantees and Conditions. The PURCHASER must notify the SELLER in writing within a period of 60 days from occupation of any defects in the property, failing which the PURCHASER shall be deemed to have accepted the property in the condition it was on the date of registration of transfer into the name of the PURCHASER unless the SELLER knew of the defect and failed to bring it to the attention of the PURCHASER. The PURCHASER should take note that, in addition to defects that are visible (patent defects), there may be defects that are not visible (latent defects).
Appears in 3 contracts
Sources: Sale Agreement, Sale Agreement, Agreement of Sale