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Important Tips for Completing a Residential Contract for Sale and Purchase – Part 12(a): Property Maintenance, Condition, Inspections and Examinations

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Important Tips for Completing a Residential Contract for Sale and Purchase – Part 12(a): Property Maintenance, Condition, Inspections and Examinations

October 22, 2015
Tanishia Stokes
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Property Inspection and Repair

Section (a) contains the Inspection Period information. Here, Buyer may conduct “General”, “WDO”, and “Permit” Inspections at the earlier of the following occurrences: 15 days after the Effective Date or 5 days prior to Closing. If Buyer fails to timely deliver Seller with written notice or report required to conduct these inspections, then Buyer would be deemed to have waived Seller’s obligations to repair, replace, treat or remedy the matters not inspected and timely reported. If Contract does not close, Buyer must repair all damage to Property resulting from Buyer’s inspections. Buyers also must return the Property back to the condition it was in prior to the inspection and provide the Seller with the paid receipts for the work done on the Property when it is completed.

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