Common use of PRE-SETTLEMENT INSPECTION Clause in Contracts

PRE-SETTLEMENT INSPECTION. Seller shall notify Purchaser not less than five (5) days prior to settlement of the date and time that the Property will be ready for inspection. Upon receipt of such notice, Purchaser shall promptly contact Seller (or Agent) and confirm the appointment for the pre-settlement inspection. Purchaser shall attend such inspection, and may also, at Purchaser=s sole election and expense, hire a private home inspector to assist with the inspection. Purchaser shall participate in developing with Seller (or its representative) a final and complete Apunch list@ on the Pre-Settlement Inspection Form attached hereto, the terms of which are incorporated herein by reference. The Pre-Settlement Inspection Form shall be executed by both Purchaser and Seller (or its representative) on the date of inspection. Seller shall correct or complete all items identified on the Pre-Settlement Inspection Form in a workmanlike manner, as soon as reasonably practicable, but in no event shall the fact that any such work remains to be completed cause any postponement of settlement or permit Purchaser to refuse to complete settlement, provided that a certificate of occupancy shall have been issued for the Condominium, including the Unit(s), by the District of Columbia government. At settlement, no funds shall be withheld from Seller or escrows established on account of any punch list items on the Pre-Settlement Inspection Form, or for any other reason or circumstance whatsoever. Failure of Purchaser to arrange a pre-settlement inspection appointment as provided herein, or to make the inspection on the appointed day and time, shall constitute full acceptance of the Property by Purchaser. Any item not listed on the Pre-Settlement Inspection Form shall be conclusively deemed fully accepted by Purchaser. Upon acceptance of the deed by Purchaser, Purchaser agrees to hold Seller harmless from liability for any visible defects not specifically noted on the Pre - Settlement Inspection Form.

PRE-SETTLEMENT INSPECTION. Seller shall notify Purchaser not less than five (5) days prior to settlement of the date and time that the Property will be ready for inspection. Upon receipt of such notice, Purchaser shall promptly contact Seller (or Agent) and confirm the appointment for the pre-settlement inspection. Purchaser shall attend such inspection, and may also, at Purchaser=s sole election and expense, hire a private home inspector to assist with the inspection. Purchaser shall participate in developing with Seller (or its representative) a final and complete Apunch list@ on the Pre-Settlement Inspection Form attached hereto, the terms of which are incorporated herein by reference. The Pre-Settlement Inspection Form shall be executed by both Purchaser and Seller (or its representative) on the date of inspection. Seller shall correct or complete all items identified on the Pre-Settlement Inspection Form in a workmanlike manner, as soon as reasonably practicable, but in no event shall the fact that any such work remains to be completed cause any postponement of settlement or permit Purchaser to refuse to complete settlement, provided that a certificate of occupancy shall have been issued for the Condominium, including the Unit(s), by the District of Columbia government. At settlement, no funds shall be withheld from Seller or escrows established on account of any punch list items on the Pre-Settlement Inspection Form, or for any other reason or circumstance whatsoever. Failure of Purchaser to arrange a pre-settlement inspection appointment as provided herein, or to make the inspection on the appointed day and time, shall constitute full acceptance of the Property by Purchaser. Any item not listed on the Pre-Settlement Inspection Form shall be conclusively deemed fully accepted by Purchaser. Upon acceptance of the deed by PurchaserXxxxxxxxx, Purchaser Xxxxxxxxx agrees to hold Seller harmless from liability for any visible defects not specifically noted on the Pre - Pre- Settlement Inspection Form.

PRE-SETTLEMENT INSPECTION. Seller shall notify Purchaser not less than five ten (510) days prior to settlement Settlement of the date and time that the Property Unit will be ready for inspection. Upon receipt of such notice, Purchaser shall promptly contact arrange for an appointment with a representative of Seller (or Agent) and confirm the appointment for to make the pre-settlement inspection. Purchaser shall attend At such inspection, and may also, at Purchaser=s sole election and expense, hire a private home inspector to assist with the inspection. Purchaser shall participate in developing with Seller (or its representative) a final and complete Apunch list@ on the Pre-Settlement Inspection Form attached hereto, (the terms of which are incorporated herein by reference. The Pre-Settlement Inspection Form “Report”) set forth as Exhibit “D” hereto shall be completed and executed by both Purchaser and Seller (or its representative) on by a representative of Seller. Purchaser shall attend such inspection and participate in the date completion of inspectionthe Report prior to Settlement. Seller shall correct complete, install or complete all repair (as the case may be) any such “punch list” items identified noted on the Pre-Settlement Inspection Form in Report within a workmanlike manner, as soon as reasonably practicablereasonable time, but in no event shall the fact that existence of any such work remains items be a bar to be completed cause any postponement Settlement or a ground to postpone Settlement beyond the time otherwise appointed in accordance with the terms of settlement or permit Purchaser to refuse to complete settlementthis Agreement, provided that unless the Unit is rendered uninhabitable as a certificate result of occupancy shall have been issued for the Condominiumdeficiency(ies) noted in the Report, including the Unit(s), as determined by the District of Columbia governmentSeller in its reasonable discretion. At settlementSettlement, no funds escrows for such items shall be withheld from Seller or escrows established on account of any punch list items on the Pre-Settlement Inspection Form, or for any other reason or under any circumstance whatsoever. Failure of Purchaser to arrange for a prePre-settlement Settlement inspection within the aforementioned ten (10) day period or failure of Purchaser to keep the inspection appointment as provided herein, or to make the inspection on the appointed day and time, shall constitute full acceptance of the Property by Purchaser. Any item not listed on the Pre-Settlement Inspection Form shall be conclusively deemed fully accepted Unit by Purchaser. Upon acceptance of the deed by the Purchaser, Purchaser agrees to hold Seller harmless free from liability for any visible defects not specifically noted in the Report; provided the terms detailed in the “Limited Condominium Warranty” will govern the limit of Seller’s responsibility with respect to items covered by such warranty. After Settlement, Purchaser shall allow Seller adequate access to the Unit to remedy items noted on the Pre - Settlement Inspection FormReport during normal working hours and as mutually agreeable. The Report shall constitute Seller’s warranty to Purchaser that any incomplete work will be performed as promptly as materials, weather and workload permit.

PRE-SETTLEMENT INSPECTION. Seller shall notify Purchaser not less than five (5) 10 days prior to settlement Settlement of the date and time that the Property Unit will be ready for inspection. Upon receipt of such notice, Purchaser shall promptly contact arrange for an appointment with a representative of Seller (or Agent) and confirm the appointment for to make the pre-settlement inspection. Purchaser shall attend At such inspection, and may also, at Purchaser=s sole election and expense, hire a private home inspector to assist with the inspection. Purchaser shall participate in developing with Seller (or its representative) a final and complete Apunch list@ on the Pre-Settlement Inspection Form (the “Report”) set forth as Exhibit D attached hereto, the terms of which are incorporated herein by reference. The Pre-Settlement Inspection Form hereto shall be completed and executed by both Purchaser and Seller (or its representative) on by a representative of Seller. Purchaser shall attend such inspection and participate in the date completion of inspectionthe Report prior to Settlement. Seller shall correct complete, install or complete all repair (as the case may be) any such “punch list” items identified noted on the Pre-Settlement Inspection Form in Report within a workmanlike manner, as soon as reasonably practicablereasonable time, but in no event shall the fact that existence of any such work remains items be a bar to be completed cause any postponement Settlement or a ground to postpone Settlement beyond the time otherwise appointed in accordance with the terms of settlement or permit Purchaser to refuse to complete settlementthis Agreement, provided that unless the Unit is rendered uninhabitable as a certificate result of occupancy shall have been issued for the Condominiumdeficiency(ies) noted in the Report, including the Unit(s), as determined by the District of Columbia governmentSeller in its reasonable discretion. At settlementSettlement, no funds escrows for such items shall be withheld from Seller or escrows established on account of any punch list items on the Pre-Settlement Inspection Form, or for any other reason or under any circumstance whatsoever. Failure of Purchaser to arrange for a prePre-settlement Settlement inspection within the aforementioned ten (10) day period or failure of Purchaser to keep the inspection appointment as provided herein, or to make the inspection on the appointed day and time, shall constitute full acceptance of the Property by Purchaser. Any item not listed on the Pre-Settlement Inspection Form shall be conclusively deemed fully accepted Unit by Purchaser. Upon acceptance of the deed by the Purchaser, Purchaser agrees to hold Seller harmless free from liability for any visible defects not specifically noted in the Report; provided the terms detailed in the “Limited Condominium Warranty” will govern the limit of Seller’s responsibility with respect to items covered by such warranty. After Settlement, Purchaser shall allow Seller adequate access to the Unit to remedy items noted on the Pre - Settlement Inspection FormReport during normal working hours and as mutually agreeable. The Report shall constitute Seller’s warranty to Purchaser that any incomplete work will be performed as promptly as materials, weather and workload permit.