Common use of Risk of Loss Prior to Closing Clause in Contracts

Risk of Loss Prior to Closing. Any loss and/or damage to the Condominium, the Unit and/or the common elements between the date of this Agreement and the date of the Closing will be at Seller’s sole risk and expense. Seller will have a reasonable time to complete repairs. The work will be judged by the same standards used to evaluate new construction. Purchaser will have no right to any reduction in the Total Purchase Price, nor any claim against Seller by reason of the loss and/or damage or delay, and agrees to accept title on the date scheduled for the Closing.

Appears in 6 contracts

Samples: Condominium Purchase Agreement, Condominium Purchase Agreement, Condominium Purchase Agreement

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