Defects Lists Sample Clauses

Defects Lists. 6.11.1 The Purchaser will within 7 (seven) days of occupation submit a written list of visible defects (patent defects) to the property (“snag list”), to the Independent Property Inspector and the Seller will endeavour at its own cost to instruct the contractor to remedy such defects on terms and conditions as provided for elsewhere in the agreement at his earliest convenience but within normal business hours once notified by the Independent Property Inspector. The Purchaser will sign the Mortgagees “happy letter” (letter of satisfaction) once requested to do so by the agent since proper provision has been made in this agreement for the Purchaser to report defects and for the Seller to have same attended to. 6.11.2 Should the snag list referred to, not be received by the Independent Property Inspector within 7 (seven) days of occupation, the Purchaser will be deemed to have accepted the property in a fit and proper condition and the Seller will be indemnified and released from any further responsibility to attend to defects. 6.11.3 In the event of a dispute arising as to whether the defects are identified or whether the repairs have been satisfactorily undertaken, the decision of the Seller’s Principal Agent for the development will be final and binding on the parties. 6.11.4 The Purchaser accepts the appointment of the Independent Property Inspector to act as the exclusive liaison between the Purchaser and Seller and therefore undertake not to liaise with the Seller directly for the duration of the appointment of the Independent Property inspector as provided for herein. 6.11.5 It will remain the Purchaser’s responsibility after occupation of the PROPERTY, to arrange for access to the property that needs to be attended to by the Seller for purpose of attending to latent defects / snags as reported by the Purchaser. In the event of at least 3 (three) unsuccessful attempts by the Seller to schedule reasonable access to the property with the Purchaser within a period of 30 (thirty) calendar days from date the Seller notified the Purchaser of access that is being required, the Seller may assume that the Purchaser finds the property acceptable in its current state and may not be held responsible to attend to same. 6.11.6 Any latent defect arising within any of the periods referred to which may be regarded as a material / urgent defect which may cause further damage if not attended to immediately, will have to be reported in writing to the Independent Property ...