Common use of Property Condition Clause in Contracts

Property Condition. From the Effective Date of this Agreement through the Closing, Seller shall maintain the Property in its current condition, ordinary wear and tear excepted. Buyer recognizes that the Seller, along with any licensed real estate agent(s) involved in this transaction, makes no claims, representations or warranties as to the validity of any property disclosure information provided by a third party such as a property inspector, appraiser or surveyor. Buyer (itself or through agents hired by Buyer) shall perform its own inspections, tests, due diligence and investigations to verify any information with respect to the Property. Upon request by Seller and at no cost to Seller, Buyer shall provide Seller with copies of any such property condition reports or inspections, or shall cause such third- party vendor(s) to provide Seller with a copy of same. Buyer shall commission a property inspection, which inspection shall occur on or before (which date is subject to extension if required by the inspector). After all inspections are completed, Buyer shall have until to present to Seller any identified defects or damage as revealed in such property inspection (“Repair Items”). Buyer and Seller shall have business days to reach an agreement with respect to the Repair Items, which agreement may include, based upon mutual agreement, a change in the Purchase Price, a credit at Closing, or an obligation (including deadline) to repair same. If the Parties are unable to reach an agreement as to the Repair Items by such deadline, this Agreement shall automatically terminate, and the full amount of the Deposit shall be retuned to Buyer. If Buyer fails to have the Property inspected or does not provide Seller with written notice of the new disclosures on the Property in accordance with this Agreement, Buyer hereby accepts the Property in its current condition and as described in any disclosure forms provided by Seller.

Property Condition. From the Effective Date of this Agreement through the Closing, Seller shall maintain the Property in its current condition, ordinary wear and tear excepted. Buyer Xxxxx recognizes that the Seller, along with any licensed real estate agent(s) involved in this transaction, makes no claims, representations or warranties as to the validity of any property disclosure information provided by a third party such as a property inspector, appraiser or surveyor. Buyer (itself or through agents hired by BuyerXxxxx) shall perform its own inspections, tests, due diligence and investigations to verify any information with respect to the Property. Upon request by Seller and at no cost to Seller, Buyer shall provide Seller with copies of any such property condition reports or inspections, or shall cause such third- party vendor(s) to provide Seller with a copy of same. Buyer shall commission a property inspection, which inspection shall occur on or before (which date is subject to extension if required by the inspector). After all inspections are completed, Buyer shall have until to present to Seller any identified defects or damage as revealed in such property inspection (“Repair Items”). Buyer and Seller shall have business days to reach an agreement with respect to the Repair Items, which agreement may include, based upon mutual agreement, a change in the Purchase Price, a credit at Closing, or an obligation (including deadline) to repair same. If the Parties are unable to reach an agreement as to the Repair Items by such deadline, this Agreement shall automatically terminate, and the full amount of the Deposit shall be retuned to Buyer. If Buyer Xxxxx fails to have the Property inspected or does not provide Seller with written notice of the new disclosures on the Property in accordance with this Agreement, Buyer hereby accepts the Property in its current condition and as described in any disclosure forms provided by Seller.

Property Condition. From the Effective Date of this Agreement through the Closing, Seller shall agrees to maintain the Property in its current condition, subject to ordinary wear and tear exceptedtear, from the time this Agreement comes into effect until the Closing. Buyer Xxxxx recognizes that the Seller, along with any licensed real estate agent(s) involved in this transaction, makes make no claims, representations or warranties claims as to the validity of any property disclosure information provided by a third party such as a property inspector, appraiser or surveyorinformation. Buyer (itself or through agents hired by Buyer) shall is required to perform its their own inspections, tests, due diligence and investigations to verify any information with respect provided by the Seller. Afterward, the Buyer shall submit copies of all tests and reports to the Property. Upon request by Seller and at no cost cost. The Buyer’s obligation to purchase is contingent upon its review and approval of a professional, independent due diligence investigation of all conditions relating to the Property which the Buyer desires to have investigated. If the Buyer’s review of such inspection discloses any condition that is unacceptable to Buyer, the Buyer shall give written notice of said condition to the Seller, Buyer shall provide Seller with copies of any such property condition reports or inspections, or shall cause such third- party vendor(s) to provide Seller with providing a full copy of same. Buyer shall commission a property inspectionthe inspection report, which inspection shall occur on or before (which 30 days from the date is subject to extension if required by the inspector). After all inspections are completed, Buyer shall have until to present to Seller any identified defects or damage as revealed in such property inspection (“Repair Items”). Buyer and Seller shall have business days to reach an agreement with respect to the Repair Items, which agreement may include, based upon mutual agreement, a change in the Purchase Price, a credit at Closing, or an obligation (including deadline) to repair same. If the Parties are unable to reach an agreement as to the Repair Items by such deadline, of this Agreement shall automatically terminate, and the full amount of the Deposit shall be retuned to BuyerAgreement. If Buyer fails to have provide such notice and copy by such date, then this contingency shall be deemed waived by the Property inspected or does not provide Buyer. Seller with upon receipt of written notice of unacceptable condition shall have 10 days to advise the new disclosures on Buyer in writing whether it will agree to remedy the Property in accordance noted conditions. If the Seller elects to remedy such conditions the transaction shall proceed to closing, however the Seller shall have an additional 10 days from the specified closing date to affect the remedy, if necessary. If the Seller elects not to remedy such conditions the Buyer’s obligation to purchase may be terminated, and any xxxxxxx money paid by Buyer shall be refunded to Buyer. The Buyer shall be responsible for all costs associated with this Agreementits due diligence investigations. Seller shall, upon reasonable prior notice, permit the Buyer hereby accepts the Property and those involved in its current condition due diligence investigations reasonable access to the Property. Provided, that such due diligence investigations shall cause no damage to the property, and as described in any disclosure forms provided by Sellerif it should the Buyer shall indemnify and hold the Seller completely harmless from such damage.