- Stupid deleting residence papers after just five years – Dagbladet.no

The Ministry of Finance will halve the storage time for important documents related to the sale of residential property.

Today, real estate agents keep such documents for ten years.

Consumer Ombudsman believes the proposal five-year retention period is little consumer friendly.

the Consumer Ombudsman is pointing in a submission that the information stored from contracts, documents and records, can be of great importance in the event of a dispute.

– Easy access to the documents via real estate agency will be a clear benefit of dispute resolution. The documents are important for the elucidation, says technical director Tonje Hovde Skjelbostad.

Although most disputes and complaints in a home trade will occur within five years after a trade, there are exceptions.

the Consumer Ombudsman believes inter alia that in many housing disputes shows that the seller knew about defects at the residence of the sale, but failed to tell the buyer. Then documents from the sale be very important.

– When such disputes arise, it has the often gone more than five years since former owner bought the property, says Hovde Skjelbostad.

the Consumer Ombudsman also emphasizes that such documents do not contain information that requires a high degree of security, and that the current technology is not particularly time-consuming or expensive for companies to store data for ten years.

(NTB).