Common use of Unit Inspection Clause in Contracts

Unit Inspection. Should Purchaser elect to have an inspection of the Unit conducted by a private licensed inspector, Seller agrees to allow access to the Unit for said inspection subject to the following terms and conditions: (i) the inspection must occur in connection with and at the same time as the orientation described in Section 12.6; (ii) a member representative of Seller will accompany the private licensed inspector to both ensure that the inspection is conducted in a safe manner and to provide feedback relating to the Unit and/or Limited Common Elements of which the inspector may or may not be aware; (iii) such inspection shall be subject to the terms of Section 12.6 above; and (iv) the inspector shall prepare an inspection report and provide a copy of the report to Seller’s representative by the end the orientation. If Seller declines to correct any substantial defective condition in the Unit noted during the inspection and substantiated by the project architect as a substantial defective condition, Purchaser may elect to terminate this Agreement and Purchaser's xxxxxxx money deposit, together with any interest earned thereon, shall be refunded. If Purchaser does not elect to terminate this Agreement, Purchaser shall be deemed to have accepted such condition. Section 8.8 shall also apply for purposes of determining whether a particular item is a “defect.” Xxxxxxxxx understands and agrees that the private inspection is for the purpose of assessing the condition of the elements of the Unit and/or Common Elements. Cosmetic and/or finish work items will be addressed between Purchaser and Seller at the orientation and in accordance with Section 12.6. At all times while on the Condominium property, Purchaser and Purchaser's inspector shall conduct themselves in a cautious and safe matter. Xxxxxxxxx agrees to indemnify, defend and to hold Seller harmless from any and all damages, injuries, claims and/or losses arising from Purchaser's and inspector's entry onto the Condominium property and from any and all activity relating to the inspection.

Appears in 4 contracts

Samples: Private Inspection Agreement, Private Inspection Agreement, Private Inspection Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.