Useful information for consumers The buyer’s obligation to inspect Information from the Estate Agent regarding the buyer’s obligation to inspect. The Estate Agent must inform the purchaser of his obligation to inspect the property. This shall be done in writing and may, for example, be included in the property description. There must be a breakdown of what the obligation to inspect involves when purchasing a property, land or tenant-owned apartment. The Estate Agent should try to persuade the purchaser to inspect the property or suggest that the purchaser engage the services of a surveyor. The inspection should take place as close in time to the signing of the contract as possible. If it is not possible to carry out the inspection before the contract is signed, the Estate Agent should suggest an inspection clause. The Estate Agent is thereafter under no obligation to ensure that the buyer actually fulfils their obligation to inspect. The Estate Agent’s initial visit The Estate Agent does not carry out a survey of the property and is under no obligation to carry out a detailed inspection. But when engaged the Estate Agent or a representative of the Estate Agent visits the property and carries out a simple inspection. Information from the vendor The Estate Agent must attempt to see that the seller provides any information regarding the property which might be deemed of relevance to the buyer. The Estate Agent should make the seller aware of the importance of describing the property in an accurate fashion. If the seller has provided inaccurate information the purchaser may have the right to a discount. If the event of serious inaccuracies the purchaser may have the right to cancel. The Swedish Estate Agents Inspectorate is a government agency with responsibility for supervising registered estate agents. The Inspectorate issues fact sheets in a series entitled USEFUL INFORMATION whose can be ordered from the Swedish Estate Agents Inspectorate or downloaded from the Inspectorate’s website. Box 22034, 104 22 Stockholm VISITS Flem inggatan 20 (0)8 580 069 00 FAX +46 (0)8 580 069 01 E-MAIL registrator@fm i.se WEBSITE w w w .fm i.se POSTAL ADDRESS TELEPHONE +46 FMI, 2013:1.0.1 1 The Estate Agent should make the seller aware that certain information provided by the seller may increase the buyer’s obligation to carry out an inspection. The seller’s responsibility regarding undertakings made If the seller has made guarantees or other undertakings regarding the condition of the property, the seller is responsible for the validity of these. The buyer is under no obligation to inspect in this respect. For this reason the Estate Agent should make the parties aware of the significance of the seller’s undertakings regarding the property. Estate Agent’s information regarding defects The Estate Agent is not responsible for the condition of the property or any possible defects thereof, but the Estate Agent must inform buyers and prospective buyers of any factors which might be of significance to them. This might, for example, consist of defects that the Estate Agent has observed, is aware of, or has reason to suspect for example through previous sales or the Agent’s general knowledge. Building inspection report This type of survey is a structural inspection of a dwelling. The results of a survey are presented in a report. Observations on the surveyor’s report may entail an increased obligation of inspection for the buyer. A more detailed inspection would then need to be carried out. A survey does not normally cover installations such as electricity, heatingsystems, water, sanitary installations, ventilation, fireplaces or chimney stacks. Neither does the survey cover the garden/grounds or other buildings thereupon. A survey of a flat does not include the property and land owned by a Cooperative Housing Association. For the measurement of radon, noise and water quality other types of inspection are normally required. Energy declarations constitute a separate service. It is important for the Estate Agent to explain that the buyer’s obligation to carry out an inspection comprises more than the Building Inspection Report. Defects liability Insurance There are insurance policies which cover the liability the seller has for hidden defects upon transfer of ownership. A survey is usually attached to this insurance. The Estate Agent must inform the parties of the implications of this insurance for the seller’s responsibilities and the buyer’s obligation to inspect. FMI, December, 2013:1.0.1 2
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