Oireachtas Joint and Select Committees
Tuesday, 2 July 2024
Joint Oireachtas Committee on Justice, Defence and Equality
Seller’s Legal Pack for Property Buyers Bill 2021: Discussion
4:00 pm
Ms Lisa Kearney:
Coming back to caveat emptor, we are suggesting that an engineer's report be put in as part of the package but we are not saying that that is obligatory. We will look at the buyers as well and say that they are more than welcome to get in their own engineer's report, and many of them do. Currently, we find that many of our purchasers ask whether the vendor has done an engineer's report on it and whether another engineer has done a report on it. It saves them time and money. Some of them will accept it, some solicitors will accept it but, in some cases, we advise getting their own engineer's report done if they feel like getting it done. We are not taking the caveat emptor away, we are still saying buyer beware and do your own diligence. What we are saying is there is a report there - a survey - should the person want to look at it and should that person be happy with accepting it, but by all means that person can get his or her own one done as well. We are not changing that caveat emptor rule. We still say one should do one's own due diligence but we simply are providing an extra layer to it. That is it.
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