Common use of Buyer Inspection Clause in Contracts

Buyer Inspection. Buyer and Seller or Seller’s representative shall meet for an orientation and inspection of the Property at a mutually agreeable time approximately five (5) business days prior to the Close Date. Buyer and Seller shall prepare a joint inspection correction list of all items that are damaged or defective (“Disclosure of Move-In Condition”) that shall be completed and submitted by Buyer to Seller for Seller’s review and approval no later than thirty (30) days after the Close Date. Any corrective work agreed to be performed by Seller, if any, as a result of such joint inspection shall not delay the Close Date. If Seller does not correct, fix or replace any items listed by Buyer on the mutually approved Disclosure of Move-In Condition form, Buyer shall not be obligated to pay for such correction/fix/replacement upon resale of the Property to Seller unless Buyer’s use of such item has caused further damage, destruction or unreasonable wear and tear.

Appears in 6 contracts

Samples: Joint Purchase Agreement, Joint Purchase Agreement, Joint Purchase Agreement

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Buyer Inspection. Buyer Xxxxx and Seller or Seller’s representative shall meet for an orientation and inspection of the Property at a mutually agreeable time approximately five (5) business days prior to the Close Date. Buyer and Seller shall prepare a joint inspection correction list of all items that are damaged or defective (“Disclosure of Move-In Condition”) that shall be completed and submitted by Buyer to Seller for Seller’s review and approval no later than thirty (30) days after the Close Date. Any corrective work agreed to be performed by Seller, if any, as a result of such joint inspection shall not delay the Close Date. If Seller does not correct, fix or replace any items listed by Buyer on the mutually approved Disclosure of Move-In Condition form, Buyer shall not be obligated to pay for such correction/fix/replacement upon resale of the Property to Seller unless Buyer’s use of such item has caused further damage, destruction or unreasonable wear and tear.

Appears in 1 contract

Samples: Joint Purchase Agreement

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