Common use of Methamphetamine Laboratory Disclosure Clause in Contracts

Methamphetamine Laboratory Disclosure. The parties acknowledge that each Seller of a Colorado Property is required to disclose whether such Seller knows that its Property was previously used as a methamphetamine laboratory. No disclosure is required if such Property was remediated in accordance with state standards and other requirements are fulfilled pursuant to § 25-18.5-102, C.R.S. Purchaser further acknowledges that Purchaser has the right to engage a certified hygienist or industrial hygienist to test whether any of the Properties has ever been used as a methamphetamine laboratory. If Purchaser's test results indicate that a Property has been used as a methamphetamine laboratory, but has not been remediated to meet the standards established by rules of the Colorado State Board of Health promulgated pursuant to § 25-18.5-102, C.R.S., Purchaser shall promptly give written notice to Seller's Representative of the results of the test, and Purchaser may terminate this Agreement.