Rank: New forum user
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A property is owned 50 / 50 by two persons. Following some works being carried out, it was identified that the property needs a complete electrical re-wire due to the age & condition of the electrics (40 + years). The wiring was made temporarily safe (as a favour, so to speak) by an electrical contractor on the understanding that the works will be carried out in due course.
However, one partner now wishes to sell the property, the other does not think it should be sold without the re-wire and the ‘conditions’ stipulated above by the electrician above and also with regard to both a personal and professional duty of care.
Thoughts please
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Rank: Super forum user
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Rank: Super forum user
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Hi Tony,
As far as I am aware there are no legal reasons why the wiring would have to be 'made-good' before sale. Property is essentially purchased 'as seen'.
The reasons for carrying out the rewire would be financial and a balance between the cost of repair and the potential benefit of higher bids.
The duty of care would be to ensure that the condition of the wiring be disclosed to potential buyers, or to be made good if the second partner remains in the accommodation.
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Rank: Forum user
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Many houses are routinely rewired after purchase following structural changes etc., the surveyors involved should pick it up, but your professional integrity should be salved by making it expressly understood before sale.
Why rewire just to have it ripped out by the next owner who wants to change the rooms around?
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Rank: Super forum user
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Normally with house purchases the is a caveat which is completed by the vendor asking if any material information is known about the property which could be detrimental to the buyer. Presumably the same applies to commercial property. Therefore the condition of the property, including electrical issues, should be declared.
There could be a duty of care issue but this would depend on a number of factors, for example, someone getting injured as a result of faulty wiring. Albeit, unlikely. It really is a matter of one's own consciounce I suppose.
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Rank: New forum user
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Thanks all.
Everyone is pretty much thinking along the same lines which echoes my own thoughts.
Tony
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