Insurance, Zoning, Loans-disclose, disclose, disclose
What would be your bigger concern? Getting Sued because insurance won't cover a non permitted use of buildings on a property. Or Getting Sued because if the authorities found out the current use it would violate a zoning issue and put tenants out of the property. Or the fact that the loan on the property is going to not be income property on a triplex but rental on a sfr?
The Home is an R-1 residential. The issue is the suitable use of the property. It is 2200 sq ft and.... has two other building all permited. Well permitted but not for current use. The one was built as a studio(read that as a non sleeping area) the other was built and permitted as a work shop.
These additional units on the property have their own gas meter and their own electrical meter. So the Utilities signed off and the permits(I haven't seen the permits) signed off on them.
So here is the real estate nightmare: the building burns down. Can it be built again? and to what standards and use?
Oh Well if you have read this far, Read just a little more. It is the story of two homes on one lot. The first home had termits and the second none. The first home was tented and the second not. The First home killed all the termits and the second killed the occupant because somehow someone didn't know that vents of the first home were connected to the second.
You never know, even when you think you know.
What's your Story?
By the Way Disclosing does not take away your liability, it only reduces the sting.
Val Exit Desert Ocean Realty Victorville, Apple Valley, Hesperia
world vision
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