Disclosure in the Seller Property Information Statement (SPIS)

A recent case in London, Ontario, has to decide whether a homeowner should disclose a one time occurrence, a basement flooding, in the SPIS.

In this case, the homeowners did not and the new owners sued them. The court found that this one time occurrence was not required to be disclosed.

The article in The Toronto STar is at http://www.moneyville.ca/article/1091727–this-basement-flood-led-to-a-lawsuit

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