Definition : Purchase - Warranty of ownership

Protection granted by law to a buyer and intended to provide a good and marketable title on the property he is acquiring.

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L'inspection préachat est un incontournable avant d'acheter un condo. Si on ne peut faire inspecter tout l'immeuble, ce qui coûterait trop cher, il est néanmoins possible d'avoir un aperçu du type de gouvernance qui y prévaut, que ce soit en matière d'entretien et de conservation du patrimoine bâti.
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The Law imposes upon the vendor the obligation to warrant the immovable sold. Except if provided otherwise, the sale of an immovable is made with a basic warranty known as the legal warranty. Under Article 1716 of the Civil Code of Quebec (C.C.Q.), the vendor is bound to warrant the ownership (1723 C.C.Q.) and the quality of the property against hidden defects (1726 C.C.Q.)
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