Property Condition Disclaimer. Real estate brokers and salespersons do not guarantee the value, quality or con- dition of the Property. Some properties may contain building materials, including siding, roofing, ceiling, insulation, electrical, and plumbing materials, that have been the subject of lawsuits and/or governmental inquiry because of possible defects or health hazards. In addition, some properties may have other defects arising after construction, such as drainage, leakage, pest, rot and mold problems. Real estate licensees do not have the expertise to identify or assess defective products, materials, or conditions. Buyer is urged to retain inspectors qualified to identify the presence of defective materials and evaluate the condition of the Property.
Property Condition Disclaimer. Xxxxx and Seller agree, that except as provided in this Agreement, all representations and information regarding the Property and the transaction are solely from the Seller or Buyer, and not from any Broker. The parties acknowledge that the Brokers are not responsible for assuring that the parties perform their obligations under this Agreement and that none of the Brokers has agreed to independently investigate or confirm any matter related to this transaction except as stated in this Agreement, or in a separate writing signed by such Broker. In addition, Brokers do not guarantee the value, quality or condition of the Property and some properties may contain building materials, including siding, roofing, ceiling, insulation, electrical, and plumbing, that have been the subject of lawsuits and/or governmental inquiry because of possible defects or health hazards. Some properties may have other defects arising after construction, such as drainage, leakage, pest, rot and mold problems. Brokers do not have the expertise to identify or assess defective products, materials, or conditions. Xxxxx is urged to use due diligence to inspect the Property to Xxxxx’s satisfaction and to retain inspectors qualified to identify the presence of defective materials and evaluate the condition of the Property as there may be defects that may only be revealed by careful inspection. Xxxxx is advised to investigate whether there is a sufficient water supply to meet Xxxxx’s needs. Xxxxx is advised to investigate the cost of insurance for the Property, including, but not limited to homeowner’s, flood, earthquake, landslide, and other available coverage. Brokers may assist the parties with locating and selecting third party service providers, such as inspectors or contractors, but Brokers cannot guarantee or be responsible for the services provided by those third parties. The parties shall exercise their own judgment and due diligence regarding third-party service providers. The following is part of the Purchase and Sale Agreement dated August 3, 2017 between ANTCREEK, LLC ("Buyer") and BLACKHAWK DEVELOPMENT INC ("Seller") concerning BLA of Parent Parcel 93700000002, Xxxx Xxxxxxxxx, XX 00000 (the "Property"). IT IS AGREED BETWEEN THE SELLER AND BUYER AS FOLLOWS: Closing subject to Boundary Line Adjustment of parent parcel. Buyer to agree to layout of boundary line adjustment during feasibility addendum period. Seller to install vault and conduit enabling power infrastructure to the ...
