Common use of Purpose of Statement Clause in Contracts

Purpose of Statement. This statement is disclosure of the condition of the property in compliance with the Seller Disclosure Act. This statement is a disclosure of the condition and information concerning the property, known by Xxxxxx. Unless otherwise advised, the Seller does not possess any expertise in construction, architecture, engineering or any other specific areas related to the construction or condition of the improvements on the foundation or roof. This statement is not a warranty of any kind by the Seller or by any Agent representing the Seller in this transaction, and is not a substitute for any inspections or warranties the Buyer may wish to obtain.

Appears in 3 contracts

Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement

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Purpose of Statement. This statement is disclosure of the condition of the property in compliance with the Seller Disclosure Act. This statement is a disclosure statement of the condition certain conditions and information concerning the property, property known by Xxxxxx. Unless otherwise advised, the Seller does not possess any expertise in construction, architecture, engineering or any other specific areas related to the construction or condition of the improvements on the foundation or roofseller. This statement Disclosure Statement is not a warranty of any kind by the Seller seller or by any Agent agent representing the Seller seller in this transaction, and . It is not a substitute for any inspections or warranties tests and the Buyer buyer is encouraged to obtain his or her own independent professional inspections and environmental tests and also is encouraged to check public records pertaining to the property. A knowingly false or incomplete statement by the seller on this form may wish subject the seller to obtainclaims by the buyer prior to or after the transfer of title.

Appears in 1 contract

Samples: Sell Agreement

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