The buyer beware principle that applies to land transactions absolves a seller of land and property from a wide range of defects and disrepair. It is, therefore, incumbent upon purchasers to satisfy themselves that the land or property they are purchasing is in the condition they believe it to be in.
Misrepresentation is one of the few legal remedies available to a purchaser against their seller. In order for this to succeed, there are three ingredients: (i) a seller needs to have made a false representation, (ii) the representation needs to have induced the purchaser into the contract to buy the property and (iii) the purchaser must have suffered loss.
