Common Contracts
1 similar Purchase Agreement contracts
ADDENDUM TO PURCHASE AGREEMENT TENNESSEE STATE SPECIFIC TERMSPurchase Agreement • January 28th, 2022
Buyer acknowledges that the purchase of the Property may have resulted from a transfer made by a beneficiary under a deed of trust who acquired the Property at a sale conducted pursuant to a power of sale under a deed of trust, or deed in lieu thereof, as described in Tenn. Code Ann. § 35-5-101 et. seq. Therefore, Seller is exempt from requirements regarding the making of certain disclosures, including without limitation those disclosures required under the Tennessee Residential Property Disclosure Act (see Tenn.Code Ann.§ 66-5-201et.seq.). As a result, any rights Buyer may have had in connection with such Disclosure Act under Tennessee law shall not be available including without limitation any right to terminate the Agreement. Further, regardless of how Seller obtained title, Seller is not familiar with the condition of the Property, other than as may be disclosed in any inspection reports obtained by or on behalf of Seller, Seller’s representatives or agents or that Seller may have
