INFORMATION REGARDING PROPERTY Sample Clauses
The "Information Regarding Property" clause requires the disclosure of relevant facts and details about the property involved in a transaction. Typically, this clause obligates the seller to provide accurate information about the property's condition, features, and any known defects or issues, such as structural problems or legal encumbrances. By ensuring that all material information is shared, this clause helps prevent misunderstandings and disputes, promoting transparency and informed decision-making for all parties.
INFORMATION REGARDING PROPERTY. Seller acknowledges that the information on the Seller's Residential Real Estate Sales 95 Disclosure Form (if applicable) and the information provided for the listing is true and correct, and that Seller is the owner of the 96 Property or is the authorized agent(s) of the true owner with complete and full authority to act on behalf of the owner(s). Seller further 97 warrants that no other listing contract is now in force with any other broker. The Seller(s) or authorized agent(s) agree to indemnify, 98 actively defend and hold Broker, Company and its agents harmless from any damages, loss, liability and expenses including attorney 99 fees and costs, arising from incorrect information or failure to supply material information regarding the Property, including, but not 100 limited to the condition of appliances, heating, plumbing, electrical, sewage, major defects in structure, mold and/or other environmental 101 conditions or hazards, location of property lines, public and private restrictions on the use of the Property, any loss or liability in 102 conjunction with this agreement or with Broker or other licensees showing the Property including, but not limited to, injuries suffered by 103 other licensees or prospective buyers. 104 105 G. ENVIRONMENTAL CONTAMINANTS ADVISORY/RELEASE. Seller acknowledges that Listing Broker, Selling Broker and all licensees 106 associated with Brokers are NOT experts and have NO special training, knowledge or experience with regard to the evaluation or 107 existence of possible lead-based paint, radon, mold and other biological contaminants ("Environmental Contaminants") which might 108 exist and affect the Property. Environmental Contaminants at harmful levels may cause property damage and serious illness, including 109 but not limited to, allergic and/or respiratory problems, particularly in persons with immune system problems, young children and/or the 110 elderly. 111 112 Seller agrees to consult with appropriate experts and accepts all risks for Environmental Contaminants and releases and 113 holds harmless all Brokers, their companies and licensees from any and all liability, including attorney's fees and costs, 114 arising out of or related to any inspection, inspection result, repair, disclosed defect or deficiency affecting the Property, 115 including Environmental Contaminants. This release shall survive the closing. 116 117 H. AGENCY DISCLOSURES. 118
INFORMATION REGARDING PROPERTY. Seller acknowledges that the information provided for the listing is true and 101 correct, and that Seller is the owner of the Property or is the authorized agent(s) of the true owner with complete and full 102 authority to act on behalf of the owner(s). Seller further warrants that no other listing contract is now in force with any other 103 broker. The Seller(s) or authorized agent(s) agree to indemnify, actively defend and hold Broker, Company and its agents 104 harmless from any damages, loss, liability and expenses including attorney fees and costs, arising from incorrect information 105 or failure to supply material information regarding the Property, including, but not limited to environmental conditions or ▇▇▇ ▇▇▇▇▇▇▇, location of property lines, public and private restrictions on the use of the Property, any loss or liability in conjunction 107 with this agreement or with Broker or other licensees showing the Property including, but not limited to, injuries suffered by 108 other licensees or prospective buyers. 109 110 NOTICE TO SELLER: In the event this Property is subject to a verbal farmland lease, certain timely notifications may need to 111 be delivered to the lessee prior to termination of the lease (IC 32-31-1-3). Seller should consult with their attorney in this 112 regard. 113 114 G. ENVIRONMENTAL CONTAMINANTS ADVISORY/RELEASE. Seller acknowledges that Listing Broker, Selling Broker and all 115 licensees associated with Brokers are NOT experts and have NO special training, knowledge or experience with regard to the 116 evaluation or existence of possible Environmental Contaminants which might exist and affect the Property. 117 118 Seller agrees to consult with appropriate experts and accepts all risks for Environmental Contaminants and releases 119 and holds harmless all Brokers, their companies and licensees from any and all liability, including attorney's fees 120 and costs, arising out of or related to any inspection, inspection result, repair, disclosed defect or deficiency 121 affecting the Property, including Environmental Contaminants. This release shall survive the closing. 122 123 H. AGENCY DISCLOSURES. 124
INFORMATION REGARDING PROPERTY. Seller has or will provide to Buyer within ten (10) Business Days of the Effective Date the documents and information on attached Schedule 2.1 pertaining to the Property, all of which Buyer agrees shall be used only for conducting due diligence hereunder and kept confidential except to the extent such information must be shared with third parties such as Buyer’s title insurance company, engineers, surveyors, etc. in furtherance of its due diligence investigations.
INFORMATION REGARDING PROPERTY. Seller has provided and may in the future provide to Buyer documents and information pertaining to the Property. All of such information is provided simply as an accommodation to Buyer, and Seller makes no representations as to their accuracy or completeness. Buyer understands that some of the foregoing documents were provided by others to Seller and were not prepared by or verified by Seller. In no event shall Seller be obligated to deliver or make available to Buyer any of Seller's internal memoranda, attorney-client privileged materials or appraisals of the Property, if any. Seller agrees to use commercially reasonable efforts to obtain tenant estoppel certificates ("Estoppels") from all of the Tenants no later than the Feasibility Date. Seller agrees to deliver the form of the tenant estoppel certificate attached hereto as Exhibit B to the Tenants and request that each Tenant execute and return an Estoppel no later than the Feasibility Date. Buyer hereby acknowledges its understanding and acceptance of the fact that one or more of the Tenants may insist upon using its own form of Estoppel, including any form of estoppel attached to its Lease, which may or may not include the same categories of information set forth in Exhibit B. In addition, Seller shall have no responsibility for negotiating with the Tenants any revisions to the Exhibit B tenant estoppel certificate form or the form provided by any such Tenants. If, despite Seller’s commercially reasonable efforts, Seller is unsuccessful in obtaining any one or more Estoppels no later than the Feasibility Date: (i) Seller shall have no liability for such failure; (ii) Seller shall not be responsible for providing certificates in lieu of such Estoppels; and (iii) Buyer's sole recourse shall be to terminate this Agreement on or before the Feasibility Date in accordance with Section 2.2(b) below. If, notwithstanding Seller's failure to obtain Estoppels from all of the Tenants no later than the Feasibility Date, Buyer does not terminate the Agreement in accordance with the provisions of Section 2.2 of this Agreement, Buyer shall have no recourse for such failure of Seller and Buyer shall be obligated to proceed with the Closing, subject to the other provisions hereof.
INFORMATION REGARDING PROPERTY. Seller has provided and may in the future provide to Buyer documents and information pertaining to the Property. All of such information is provided simply as an accommodation to Buyer, and Seller makes no representations as to their accuracy or completeness. Buyer understands that some of the foregoing documents were provided by others to Seller and were not prepared by or verified by Seller. In no event shall Seller be obligated to deliver or make available to Buyer any of Seller's internal memoranda, attorney-client privileged materials or appraisals of the Property, if any.
INFORMATION REGARDING PROPERTY. Seller acknowledges that the information on the Listing Profile Sheet and Seller's Residential Real Estate Sales Disclosure Form (if applicable) is true and correct, and that Seller is the owner of the Property or is the authorized agent(s) of the true owner with complete and full authority to act on behalf of the owner(s). Seller further warrants that no other listing contract is now in force with any other broker. The Seller(s) or authorized agent(s) agree to indemnify, actively defend and hold Broker, Company and its agents harmless from any damages, loss, liability and expenses including attorney fees and costs, arising from incorrect information or failure to supply material information regarding the Property, including, but not limited to the condition of appliances, heating, plumbing, electrical, sewage, major defects in structure, mold and/or other environmental conditions or hazards, location of property lines, public and private restrictions on the use of the Property, any loss or liability in conjunction with this agreement or with Broker or other licensees showing the Property including, but not limited to, injuries suffered by other licensees or prospective buyers.
INFORMATION REGARDING PROPERTY. Seller provided to Buyer the Due Diligence Items prior to the Auction. All of such information is provided simply as an accommodation to Buyer, and Seller Group makes no representations as to their accuracy or completeness. ▇▇▇▇▇ understands that some of the foregoing documents were provided by others, including Owner, to Seller and were not prepared by or verified by Seller. In no event shall Seller be obligated to deliver or make available to Buyer any additional information after the Auction other than as required to complete the Closing or as otherwise expressly provided by this Agreement.