Wisconsin Notice of Rights, Obligations and Possible Disclosures

Section 18E(4) of the HBA defines a major defect to mean a defect in a major element of a building that causes, or is likely to cause, either (i) the inability to inhabit or use the building (or part of it) for its intended purpose; (ii) the destruction of the building (or part of it); or (iii) a threat of collapse of

According to the International Association of Certified Home Inspectors, a material defect is anything that: Has a specific issue with a system or component of a residential property. May have a significant, adverse impact on the property value. Poses an unreasonable risk to people.

Quality control professionals typically classify quality defects into three main categories: minor, major and critical. The nature and severity of a defect determines in which of the three categories it belongs.

CAUTION: Use a WB-41 Notice if a Party is giving a Notice which does not require the other Party's agreement. Use a WB-40 Amendment if both Parties will be agreeing to modify the terms of the Offer.

A Seller's right to cure does not mean that the Seller must cure any defects uncovered during a home inspection. Rather, a Seller's right to cure means that the Seller simply has the option to cure a defect once the Buyer notifies the Seller that there are defects to which the Buyer objects.

The question of what constitutes a defect is one that is pondered at the end of almost all home inspections. Webster's Dictionary defines "defect" as an imperfection that impairs worth or utility, a lacking of something necessary for completeness, adequacy, or perfection.

A minor defect is any defect that doesn't fall under the definition clause of a major defect. Sometimes they are called maintenance defects because they are repairable and can be improved upon with only small changes. Here are some examples of minor defects: Blemishes. Cracks.