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Caveat Emptor

Caveat Emptor is a Latin phrase meaning “Let the buyer beware"; a commonly used term in the New Zealand real estate market.

It means that when buying a property, the purchaser must be satisfied that the property is suitable in all respects before proceeding to buy. While there are some protections for the purchaser around disclosure of known defects, the responsibility is on the purchaser to complete a thorough check of the property and its condition before completing the purchase.

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