Wood Infestation. Purchaser (Seller, in the case of a new V.A. xxxx) agrees to pay the cost of a wood destroying insect inspection of the building and attached and detached structures, and Xxxxxx agrees to pay for any treatment or repair work found necessary for issuance of a wood destroying insects warranty. Purchaser agrees to accept the treated Property upon completion of repairs provided, however, that if treatment and repairs exceed 2% of the purchase price or , this Purchase Agreement may be cancelled by Seller and/or Purchaser, by written notice delivered to the other party within 5 days of receipt of wood destroying insect inspection report, which inspection report must be delivered to Seller and Purchaser within 10 Days after acceptance of this Uniform Purchase Agreement.
Wood Infestation. If a wood infestation inspection (for termites and other wood-boring pests) is desired, the Buyer should initial “Elected.” If the Buyer wishes to waive the wood infestation inspection, the Buyer should initial “Waived.” These inspections may only be valid for a short time, so some mortgage lenders may require the inspections to be completed within a certain time before settlement, often 30-90 days. Depending on the proposed Settlement Date, the Buyer may need to adjust the contingency period to make that work.
Wood Infestation. Xxxxxxxxx agrees to pay the cost of a wood destroying insect inspection of the building and attached and detached structures, and Purchaser agrees to pay for any treatment or repair work found necessary for the issuance of a word destroying insects warranty.
Wood Infestation. Purchaser (Seller, in the case of a new VA loan) agrees to pay the cost of a wood destroying insect inspection of the Property, and Seller agrees to pay for any treatment or repair work found necessary for issuance of a wood destroying insects warranty. Termite inspection work is to be performed by or . Purchaser agrees to designate the inspector for such inspection in writing to Seller’s Agent within ten (10) days after acceptance of this offer. Purchaser agrees to accept the treated Property upon completion of repairs. Provided, however, if treatment and repairs exceed 2% or of the purchase price, this Purchase Agreement may be cancelled by Seller and/or Purchaser, by written notice delivered to the other party within five (5) days of receipt of a wood destroying insect inspection report, which inspection report must be delivered to the Seller and Purchaser not later than fifteen (15) days prior to the approximate closing date set forth in Section 14, above, at which time Purchaser shall be paid the Deposit with no further agreement or release required.
Wood Infestation. Seller shall comply with VA/FHA requirements with respect to the Wood Infestation section of the Purchase and Sales Agreement.
Wood Infestation. Buyer may obtain a written “Wood-Destroying Insect Infestation Inspection Report” from an inspector certified as a wood-destroying pests pesticide applicator and will deliver it and all supporting documents and drawings provided by the inspector to Seller. The Report is to be made satisfactory to and in compliance with applicable laws, xxxx- xxxx lender requirements, and/or Federal Insuring and Guaranteeing Agency requirements. The Inspection is to be limited to all readily-visible and accessible areas of all structures on the Property, except fences. If the Inspection reveals active infestation(s), Buyer, at Xxxxx's expense, may obtain a Proposal from a wood-destroying pests pesti- cide applicator to treat the Property. If the Inspection reveals damage from active or previous infestation(s), Xxxxx may obtain a written Report from a professional contractor, home inspector or structural engineer that is limited to structural damage to the Property caused by wood-destroying organisms and a Proposal to repair the Property. Waived
Wood Infestation. Buyer needs to select the 2% option or a specified dollar amount for any treatment or repair work found necessary. - Buyer needs to select an inspection company by checking the box and specifying an independent choice. - Terms of this paragraph are straight forward. Any questions beyond the selections that need to be make may require expanded explanation. Enter the Property Address of the Subject property. Seller(s) Initials/Purchaser(s) Initials: The seller(s) and buyer(s) MUST initial each page of the purchase agreement.
Wood Infestation. If the Buyer wishes to waive the wood infestation inspection (termite and other wood-boring pests), initial “WAIVED.” If a wood infestation inspection is desired, initial “ELECTED.” These inspections may only be valid for a short time and that some mortgage lenders may require the inspections to be completed within a certain time before settlement, often 30-90 days. Practice Tip: The default language in this paragraph requires that the inspector be licensed as a “wood destroying pests pesticide applicator.” In short, the requirement is that the inspector be someone who is licensed by the state to treat for active infestation. This requirement was included because there is no state-mandated certification for inspectors. While most inspection companies provide some sort of inspection training, there are not consistent standards from company to company; using the state certification as a starting point allows for a certain amount of consistency. If the parties agree that another inspector is permitted, best practice would be to amend this paragraph accordingly.
Wood Infestation. Buyer agrees to pay the cost of a wood destroying insect inspection of the building, attached and detached structures, and Seller agrees to pay for any treatment or repair work found necessary for issuance of a termite warranty and/or treatment of any wood destroying insects. Buyer agrees to accept the treated Property upon completion of repairs.
Wood Infestation. Buyer may obtain a written “Wood-Destroying Insect Infestation Inspection Report” from an inspector certified as a wood-destroying pests pesticide applicator and will deliver it and all supporting documents and drawings provided by the inspector to Seller. The Report is to be made satisfactory to and in compliance with applicable laws, xxxx- xxxx lender requirements, and/or Federal Insuring and Guaranteeing Agency requirements. The Inspection is to be limited to all readily-visible and accessible areas of all structures on the Property, except fences. If the Inspection reveals active infestation(s), Buyer, at Buyer’s expense, may obtain a Proposal from a wood-destroying pests pesti- cide applicator to treat the Property. If the Inspection reveals damage from active or previous infestation(s), Buyer may obtain a written Report from a professional contractor, home inspector or structural engineer that is limited to structural damage to the Property caused by wood-destroying organisms and a Proposal to repair the Property. Deeds, Restrictions and Zoning ___________ ___________________________________________________________________________________________ Buyer may investigate easements, deed and use restrictions (including any historic preservation restrictions or ordi- nances) that apply to the Property and review local zoning ordinances. Buyer may verify that the present use of the Property (such as in-law quarters, apartments, home office, day care, commercial or recreational vehicle parking) is permitted and may elect to make the Agreement contingent upon an anticipated use. Present use:
