Updated over 8 years ago on . Most recent reply
Recently purchased property
I closed on a 6plex on 1/31 after a 5 month lengthy closing. We are in the dead of winter here in buffalo ny. Long story short, after owing the property for 5 days I started getting calls from tenants saying their heat wasn't working. I went up there and there were error codes that I was able to clear and reset the boiler and everything was fine until the next night. I did this for the next two nights until yesterday I couldn't get the boiler to power back up. I called a tech and they told me it was time for new boiler. (this boiler was from 2008) Spent 8,000 in the first week of owner ship. I had a home inspection. I was very apologetic about the whole thing to my tenants (4 of the apartments run on the same boiler) they were quick to tell me that this has been happening long before you took over. My question is is the previous owner liable at all?
Most Popular Reply
@Anthony Sinicki - doubtful the previous homeowner is liable, especially if it passed the inspection. It's fairly common in the southeast to obtain a home warranty at closing (seller pays for it, approx. $500 for a year). These type of home warranties cover the large appliances like this. I don't see how the previous owner would be liable. $8k in the first week. OUCH!