Common use of POSSESSION AND CONDITION OF PREMISES Clause in Contracts

POSSESSION AND CONDITION OF PREMISES. (not applicable, vacant land) Full possession of the said premises, free of all tenants and occupants, except as agreed to in writing by the parties, is to be delivered to the Buyer at the time of the transfer of the title, the said premises to be then in the same condition in which they now are, reasonable use and wear of buildings thereon excepted. The Buyer shall have the right to inspect the premises to insure compliance with this paragraph, prior to closing upon reasonable notice to the Seller. Lead Paint. (not applicable, vacant land) Chapter 111, Section 197 of the General Laws of the Commonwealth of Massachusetts, as amended, provides that, “Whenever any residential premises containing dangerous levels of lead paint, plaster or other materials undergoes a change of ownership and as a result thereof a child or, children under six years of age will become a resident therein, the new owner shall remove or cover said lead paint, plaster or other materials so as to make it inaccessible to such children. The property subject to this Agreement may, because of its age, contain dangerous levels of lead as defined in Chapter 111 of the laws of the Commonwealth, and the purchaser is hereby so notified and accepts the risk. The Buyer acknowledges receiving a copy of the Department of Public Health Property Transfer Notification prior to execution of this agreement. Adjustments. Sewer rates, water rates, and real estate taxes shall be apportioned as of the day of the delivery of the deed.

POSSESSION AND CONDITION OF PREMISES. (not applicable, vacant land) Full possession of the said premises, free of all tenants and occupants, except as agreed to in writing by the parties, is to be delivered to the Buyer at the time of the transfer of the title, the said premises to be then in the same condition in which they now are, reasonable use and wear of buildings thereon excepted. The Buyer shall have the right to inspect the premises to insure compliance with this paragraph, prior to closing upon reasonable notice to the Seller. Lead Paint. (not applicable, vacant land) Chapter 111, Section 197 of the General Laws of the Commonwealth of Massachusetts, as amended, provides that, “Whenever any residential premises containing dangerous levels of lead paint, plaster or other materials undergoes a change of ownership and as a result thereof a child or, children under six years of age will become a resident therein, the new owner shall remove or cover said lead paint, plaster or other materials so as to make it inaccessible to such children. The property subject to this Agreement may, because of its age, contain dangerous levels of lead as defined in Chapter 111 of the laws of the Commonwealth, and the purchaser is hereby so notified and accepts the risk. The Buyer acknowledges receiving a copy of the Department of Public Health Property Transfer Notification prior to execution of this agreement. Adjustments. Sewer rates, water rates, and real estate taxes shall be apportioned as of the day of the delivery of the deed.