Common use of REPAIRS AND REPORTS Clause in Contracts

REPAIRS AND REPORTS. (check all applicable items below) A. Buyer must have all inspections completed within 5 working days from the effective date of the Contract. In areas where certificate of occupancy inspections are required, it is Buyer’s responsibility to authorize and initiate such inspections. Seller’s responsibility for repairs shown to be required by Buyer’s inspections, lender’s inspections, certificate of occupancy inspections, or required as a condition of the FHA/VA commitment, shall not exceed $ . If the required repairs exceed this amount and Seller does not elect to pay for such additional repairs, then Buyer, at Buyer’s option, may elect either to pay for the additional repairs, or terminate the Contract and this Addendum. If Buyer elects to terminate, the Contract and this Addendum shall be NULL and VOID, and Buyer shall be entitled to all xxxxxxx money paid. B. Buyer accepts property in “AS IS” condition. No repairs are required of Seller. Buyer has read, acknowledges and understands Paragraph 5 of this addendum regarding property condition. C. Buyer / Seller will pay for required termite inspection. D. Buyer / Seller will pay for required termite treatment not to exceed $ .

REPAIRS AND REPORTS. (check all applicable items below)BUYER SELLER A. Seller requires Buyer must to have all inspections completed within 5 working days from the effective date of the ContractContract for Sale, to which this addendum is attached. In areas where certificate certificates of occupancy inspections are required, it is Buyer’s shall be the responsibility of the Buyer to authorize and initiate such inspections. Seller’s responsibility for repairs shown to be required by BuyerXxxxx’s inspections, lender’s inspections, certificate of occupancy inspections, or required as a condition of the FHA/VA commitment, shall not exceed $ . If the required repairs exceed this amount and Seller does not elect to pay for such additional repairs, then Buyer, at Buyer’s option, may elect either to pay for the additional repairsrepairs above Seller’s responsibility, or terminate the said Contract and this Addendum. If Buyer elects to terminatefor Sale, the Contract and this Addendum at which time it shall be NULL and VOID, and Buyer shall be entitled to all xxxxxxx money paidpaid hereunder. B. Buyer X. Xxxxx accepts property in “AS IS” condition. No repairs are required of Seller. Buyer Xxxxx has read, acknowledges and understands Paragraph paragraph 5 of this addendum regarding property condition. C. (Buyer / ) (Seller ) will pay for required termite inspection. D. (Buyer / ) (Seller ) will pay for required termite treatment not to exceed $ .

REPAIRS AND REPORTS. (check all applicable items below) A. Buyer X. Xxxxx must have all inspections completed within 5 working days from the effective date of the Contract. In areas where certificate of occupancy inspections are required, it is Buyer’s responsibility to authorize and initiate such inspections. Seller’s responsibility for repairs shown to be required by BuyerXxxxx’s inspections, lender’s inspections, certificate of occupancy inspections, or required as a condition of the FHA/VA commitment, shall not exceed $ . If the required repairs exceed this amount and Seller does not elect to pay for such additional repairs, then Buyer, at Buyer’s option, may elect either to pay for the additional repairs, or terminate the Contract and this Addendum. If Buyer elects to terminate, the Contract and this Addendum shall be NULL and VOID, and Buyer shall be entitled to all xxxxxxx money paid. B. Buyer X. Xxxxx accepts property in “AS IS” condition. No repairs are required of Seller. Buyer Xxxxx has read, acknowledges and understands Paragraph 5 of this addendum regarding property condition. C. Buyer / Seller will pay for required termite inspection. D. Buyer X. Xxxxx / Seller will pay for required termite treatment not to exceed $ .