Latent Defects: Approaches in Protecting House Buyers’ Right in Malaysia

Latent Defects: Approaches in Protecting House Buyers’ Right in Malaysia

The aim of this research is to identify suitable approaches in order to create awareness of the house buyers on how to prevent economic loss due to latent defects. Semi-structured interviews with fifteen respondents had been conducted. Findings showed that there are three suitable approaches namely...

Full description

Saved in:
Bibliographic Details
Published in:MATEC web of conferences Vol. 15; p. 1040
Main Authors: Zolkafli, U.K., Yahya, Z., Zakaria, N., Akashah, F.W., Othman, M., Ali, A., Salleh, H.
Format: Journal Article
Language:English
Published: EDP Sciences 2014
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The aim of this research is to identify suitable approaches in order to create awareness of the house buyers on how to prevent economic loss due to latent defects. Semi-structured interviews with fifteen respondents had been conducted. Findings showed that there are three suitable approaches namely Collateral Warranty, Latent Defect Insurance and Contract Act (Rights of Third Parties) that can be applied. However, the applications of these approaches are significantly low or none exist in Malaysia. Steps that should be taken include create awareness among house buyers regarding their rights and expose them to the benefits of the recommended approaches.
ISSN:2261-236X
2261-236X
DOI:10.1051/matecconf/20141501040