Common use of RADON TESTING, MITIGATION Clause in Contracts

RADON TESTING, MITIGATION. Radon is a radioactive gas which results from the natural breakdown of uranium in soil, rock and water. It has been found in homes all over the United States and is a carcinogen. Seller has no knowledge as to whether or not the Property has heretofore been tested for radon or whether or not a radon inspection/test has been conducted on the Property. Purchaser hereby acknowledges and agrees that he or she has had sufficient time and opportunity prior to the auction (and thus prior to the signing of the Contract) to inspect and investigate the Property and that Purchaser is satisfied with the level of any radon that may be present on the Property or will take appropriate measures to remediate any radon present on the Property post- Closing. Purchaser hereby agrees that Seller has no obligation under the Contract or otherwise to remediate or to pay for the remediation of any radon that may be present on the Property.

Appears in 6 contracts

Samples: Auction Real Estate Purchase and Sale Contract, Auction Real Estate Purchase and Sale Contract, Auction Real Estate Purchase and Sale Contract

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