Common use of Property Inspections Clause in Contracts

Property Inspections. Buyer has personally inspected the property and accepts it in AS IS present condition and agrees that there are no additional written or oral understandings except as otherwise provided in this Agreement. This offer is contingent upon satisfactory inspections of the property, at Buyer’s choice and at Buyer’s expense, no later than business days of the date of this Agreement. These inspections may include, but may not be limited to, structural and/or mechanical inspections, survey and site investigation, soil borings, as well as inspections for radon, pests, mold and/or asbestos. Buyer agrees to return the property to its prior condition after any inspections or tests. If Buyer is not satisfied with the results of any inspection, upon written notice from Buyer to Seller within this period, this Agreement shall terminate and any deposit shall be refunded to Buyer. In the event the Buyer neither removes the contingencies nor terminates this Agreement in the time provided, the Buyer shall be deemed to have waived this contingency. Any request by Buyer to modify this Agreement based on the results of an inspection shall terminate this Agreement unless: (a) the request is agreed to by Seller in writing, or (b) the Buyer removes the inspection contingency in writing within the time for inspections. Buyer acknowledges that Selling Broker/REALTOR® has recommended that Buyer obtain an inspection of the property by an inspector and/or a licensed contractor. Buyer does not desire to obtain an inspection of the property.

Appears in 2 contracts

Samples: Buy and Sell Agreement, Buy and Sell Agreement

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Property Inspections. Buyer Xxxxx has personally inspected the property and accepts it in AS IS present condition and agrees that there are no additional written or oral understandings except as otherwise provided in this Agreement. This offer is contingent upon satisfactory inspections of the property, at Buyer’s Xxxxx's choice and at Buyer’s Xxxxx's expense, no later than business days of the date of this Agreement. These inspections may include, but may not be limited to, structural and/or mechanical inspections, survey and site investigation, soil borings, as well as inspections for radon, pests, mold and/or asbestos. Buyer Xxxxx agrees to return the property to its prior condition after any inspections or tests. If Buyer is not satisfied with the results of any inspection, upon written notice from Buyer to Seller within this period, this Agreement shall terminate and any deposit shall be refunded to Buyer. In the event the Buyer neither removes the contingencies nor terminates this Agreement in the time provided, the Buyer shall be deemed to have waived this contingency. Any request by Buyer Xxxxx to modify this Agreement based on the results of an inspection shall terminate this Agreement unless: (a) the request is agreed to by Seller in writing, or (b) the Buyer removes the inspection contingency in writing within the time for inspections. Buyer acknowledges that Selling Broker/REALTOR® has recommended that Buyer obtain an inspection of the property by an inspector and/or a licensed contractor. Buyer Xxxxx does not desire to obtain an inspection of the property.

Appears in 1 contract

Samples: Buy and Sell Agreement

Property Inspections. Buyer Xxxxx has personally inspected the property and accepts it in AS IS present condition and agrees that there are no additional written or oral understandings except as otherwise provided in this Agreement. _ This offer is contingent upon satisfactory inspections of the property, property at Buyer’s choice and at BuyerXxxxx’s expense, no later than business _ days of the date of acceptance of this Agreement. These inspections may include, but may are not be limited to, structural and/or building structure, mechanical inspectionssystems, environmental items, survey and site investigation, soil boringswell, as well as inspections for septic, radon, pests, mold and/or and asbestos. Buyer Xxxxx agrees to return the property to its it’s prior condition after any inspections or tests. If Buyer is not satisfied with the results of any inspection, upon written notice from Buyer to Seller within this time period, this Agreement shall terminate and any deposit shall be refunded returned to Buyer. In the event the Buyer neither removes the contingencies nor terminates this Agreement in the within this time providedperiod, the Buyer shall be deemed to have waived this contingency. Any request by If the Seller is notified of a defect in writing within this time period, the Seller shall notify the Buyer to modify this Agreement based on in writing within 3 days of written notice that the results of an inspection shall terminate this Agreement unless: Seller will (a) make the request is agreed to by Seller in writing, requested repairs or (b) is unwilling to make the requested repairs. If seller declares unwillingness to make requested repairs, Buyer removes may (a) accept property AS IS or (b) declare this agreement null and void and any deposit shall be returned to the inspection contingency in writing within the time for inspectionsBuyer. Buyer acknowledges that Selling Broker/REALTOR® has recommended that Buyer obtain an inspection of the property by an inspector and/or a licensed contractor. _ Buyer does not desire to obtain an inspection of the property.

Appears in 1 contract

Samples: Purchase Agreement

Property Inspections. Buyer Xxxxx has personally inspected the property and accepts it in AS IS present condition and agrees that there are no additional written or oral understandings except as otherwise provided in this Agreement. This offer is contingent upon satisfactory inspections of the property, at BuyerXxxxx’s choice and at BuyerXxxxx’s expense, no later than business days of the date of this Agreement. These inspections may include, but may not be limited to, structural and/or mechanical inspections, survey and site investigation, soil borings, as well as inspections for radon, pests, mold and/or asbestos. Buyer Xxxxx agrees to return the property to its prior condition after any inspections or tests. If Buyer is not satisfied with the results of any inspection, upon written notice from Buyer to Seller within this period, this Agreement shall terminate and any deposit shall be refunded to Buyer. In the event the Buyer neither removes the contingencies nor terminates this Agreement in the time provided, the Buyer shall be deemed to have waived this contingency. Any request by Buyer Xxxxx to modify this Agreement based on the results of an inspection shall terminate this Agreement unless: (a) the request is agreed to by Seller in writing, or (b) the Buyer removes the inspection contingency in writing within the time for inspections. Buyer acknowledges that Selling Broker/REALTOR® has recommended that Buyer obtain an inspection of the property by an inspector and/or a licensed contractor. Buyer Xxxxx does not desire to obtain an inspection of the property.

Appears in 1 contract

Samples: Buy and Sell Agreement

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Property Inspections. Buyer has personally inspected the property and accepts it in AS IS present condition and agrees that there are no additional written or oral understandings except as otherwise provided in this Agreement. This offer is contingent upon satisfactory inspections of the property, at Buyer’s 's choice and at Buyer’s 's expense, no later than business days of the date of this Agreement. These inspections may include, but may not be limited to, structural and/or mechanical inspections, survey and site investigation, soil borings, as well as inspections for radon, pests, mold and/or asbestos. Buyer agrees to return the property to its prior condition after any inspections or tests. If Buyer is not satisfied with the results of any inspection, upon written notice from Buyer to Seller within this period, this Agreement shall terminate and any deposit shall be refunded to Buyer. In the event the Buyer neither removes the contingencies nor terminates this Agreement in the time provided, the Buyer shall be deemed to have waived this contingency. Any request by Buyer to modify this Agreement based on the results of an inspection shall terminate this Agreement unless: (a) the request is agreed to by Seller in writing, or (b) the Buyer removes the inspection contingency in writing within the time for inspections. Buyer acknowledges that Selling Broker/REALTOR® has recommended that Buyer obtain an inspection of the property by an inspector and/or a licensed contractor. Buyer does not desire to obtain an inspection of the property.

Appears in 1 contract

Samples: Buy and Sell Agreement

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