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Updated about 4 years ago,
Negligent claim - warranty deed vs closing date
I fully intend to get a lawyer involved if it gets to that point but I figured I would see what you all think of this situation.
My property manager received a letter from a current tenant stating on June 1, 2020 her child was shocked while plugging a cell phone into a wall outlet. Attorney is asking to be put in touch with my insurance carrier and if we don't comply they intend to file a civil suit under a claim of owner negligence.
The letter states the incident took place on June 1st. I closed on the property June 3rd and had no prior knowledge of any electrical issues. The Warranty Deed has a date of June 1st and a recorded date of June 8th.
My question is; what event signifies when is legal liability is transferred from seller to buyer? Closing docs or warranty deed? Thank you very much!