Common use of Buyer’s Initials Clause in Contracts

Buyer’s Initials. (c) Buyer agrees that there are no other warranties either expressed or implied and hereby waives and relinquishes any and all implied warranties of habitability and fitness and agrees to rely solely on Seller’s limited warranty set forth in this Agreement. Buyer acknowledges and agrees that Seller is relying on this waiver and would not sell the property to Buyer without this waiver. The provisions of this paragraph shall survive Settlement and delivery of the Deed to Buyer and shall apply in equal force and effect as long as Buyer owns the Unit. For example, in the event Buyer decides to sell the Unit, Seller shall not be obligated to make any repairs recommended by a home inspector hired by a prospective purchaser, unless said recommended repairs are expressly within the scope of warranties given herein.

Buyer’s Initials. (c) Buyer Xxxxx agrees that there are no other warranties either expressed or implied and hereby waives and relinquishes any and all implied warranties of habitability and fitness and agrees to rely solely on Seller’s limited warranty set forth in this Agreement. Buyer Xxxxx acknowledges and agrees that Seller Xxxxxx is relying on this waiver and would not sell the property to Buyer without this waiver. The provisions of this paragraph shall survive Settlement and delivery of the Deed to Buyer and shall apply in equal force and effect as long as Buyer owns the Unit. For example, in the event Buyer Xxxxx decides to sell the Unit, Seller shall not be obligated to make any repairs recommended by a home inspector hired by a prospective purchaser, unless said recommended repairs are expressly within the scope of warranties given herein.