Common use of Seller’s Additional Obligations Clause in Contracts

Seller’s Additional Obligations. In addition to any other disclosure required by law, the Seller shall, prior to entering 452 into a contract with a Buyer, disclose in writing including acknowledgement of receipt: (a) the presence of any known exterior 453 injection well or sinkhole (as defined in TCA § 66-5-212) on the property; (b) the results of any known percolation test or soil 454 absorption rate performed on the property that is determined or accepted by the Department of Environment and Conservation; 455 (c) if the property is located in a Planned Unit Development (PUD); (d) if the property is located in a PUD, make available to 456 the Buyer a copy of the development’s restrictive covenants, homeowner bylaws and master deed upon request; (e) any single- 457 family residence located on the Property has been moved from an existing foundation to another foundation where such 458 information is known to the Seller; and (f) if a permit for a subsurface sewage disposal system for the Property was issued 459 during a sewer moratorium pursuant to TCA § 00-000-000. If so, Buyer may have a future obligation to connect to the public 460 sewer system.

Seller’s Additional Obligations. In addition to any other disclosure required by law, the Seller shall, prior to entering 452 480 into a contract an Agreement with a Buyer, disclose in writing including acknowledgement of receipt: (a) the presence of any known 481 exterior 453 injection well or sinkhole (as defined in TCA § 66-5-212) on the property; (b) the results of any known percolation 482 test or soil 454 absorption rate performed on the property that is determined or accepted by the Department of Environment and 483 Conservation; 455 (c) if the property is located in a Planned Unit Development (PUD); (d) if the property is located in a PUD, make 484 available to 456 the Buyer a copy of the development’s restrictive covenants, homeowner bylaws and master deed upon request; 485 (e) if any single- 457 single-family residence located on the Property has been moved from an existing foundation to another foundation 486 where such 458 information is known to the Seller; and (f) if a permit for a subsurface sewage disposal system for the Property was 487 issued 459 during a sewer moratorium pursuant to TCA § 00-000-000. If so, Buyer may have a future obligation to connect to the 488 public 460 sewer system.

Seller’s Additional Obligations. In addition to any other disclosure required by law, the Seller shall, prior to entering 452 476 into a contract an Agreement with a Buyer, disclose in writing including acknowledgement of receipt: (a) the presence of any known 477 exterior 453 injection well or sinkhole (as defined in TCA § 66-5-212) on the property; (b) the results of any known percolation 478 test or soil 454 absorption rate performed on the property that is determined or accepted by the Department of Environment and 479 Conservation; 455 (c) if the property is located in a Planned Unit Development (PUD); (d) if the property is located in a PUD, make 480 available to 456 the Buyer a copy of the development’s restrictive covenants, homeowner bylaws and master deed upon request; 481 (e) if any single- 457 single-family residence located on the Property has been moved from an existing foundation to another foundation 482 where such 458 information is known to the Seller; and (f) if a permit for a subsurface sewage disposal system for the Property was 483 issued 459 during a sewer moratorium pursuant to TCA § 00-000-000. If so, Buyer may have a future obligation to connect to the 484 public 460 sewer system.