GALVESTON – The buyer of a League City commercial property alleges that plumbing issues were not disclosed before the property's purchase.
8601 Southwest Freeway LP filed a complaint on Oct. 24 in the Galveston County District Court against Vault Investment LTD, BDH Holdings LLC, Barry D. Hardy and Dale L. Hardy alleging fraud in a real estate transaction, fraud by nondisclosure and other counts.
According to the complaint, the plaintiff and Vault Investment entered into a real estate contract in September 2015 for a commercial property in League City. The suit states that the Hardys, who are managers and members of BDH, executed a statement that claimed they were not aware of any material defects with the property's plumbing system.
The plaintiff alleges that in March 2016, it began experiencing serious plumbing issues with the property. Plaintiff alleges it later learned that prior to the purchase of the property, defendants were aware of material defects with the plumbing system.
The plaintiff holds Vault Investment LTD, BDH Holdings LLC, Barry D. Hardy and Dale L. Hardy responsible because the defendants allegedly falsely represented that they were not aware of any material defects with the property’s plumbing systems with an exception of a water heater issue.
The plaintiff seeks monetary relief of more than $200,000 but not more than $1 million and such other lawful and equitable relief. It is represented by Christopher L. Johnson and Justin M. Kornegay of Johnson & Crew PLLC in League City.
Galveston County District Court case number 17-CV-1306