What happens when you buy a property? Do code violations automatically go away? Is everything automatically grandfathered? Or, does everything have to be brought up to current codes? Is there a statute of limitations?
The answer to each of these questions is no… everything actually stays the same.
This comes up quite often. Someone buys a property, with a building and/or business, and assumes that the building needs all sorts of changes to be compliant to current building and fire codes. Continue reading