What is a Latent Defect?
A Latent Defect is a problem that cannot be discovered by reasonable inspection, for example: problems with foundations which may not become apparent for several years after completion. When a latent defect becomes apparent, it becomes patent rather than latent.
What is a Patent Defect?
A Patent Defect is a problem that can be discovered by reasonable inspection, for example: a broken window or flooded basement.
How can you protect yourself against latent defects?
The best way to protect yourself against unforeseeable defects is to use a 10-year structural defects policy. After 10-years it is reasonable to expect any issues with a new building would have come to light.