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Caveats

 

Warnings, often written to a potential buyer, to be careful; often offered as a way for the seller or broker to minimize liability for what otherwise might be a deceptive trade practice.
Example: The property condition Addendum contained many caveats concerning the physical condition of the building; a knowledgeable prospective buyer hired a structural engineer to perform a complete inspection.

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Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more

 

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