HOME INSPECTION. This Contract is subject to the Purchaser having a home inspection for the purpose of discovering material defects. As used in this paragraph, the term “material defects” shall apply to those items that could affect the decision of a reasonable person to purchase the Property, and shall not include cosmetic items, matters of preference or grandfathered systems or features that are properly functioning that would not comply with current building codes if constructed or installed today. The fact that a structural element, system or subsystem is near, at or beyond its normal useful life is not, by itself a material defect. The home inspection and any subsequent inspections shall be at Purchaser’s expense and shall be limited to the primary dwelling. Failure to complete the inspections(s) within the specified time period shall forfeit the Purchaser’s right to conduct inspection(s)
Appears in 10 contracts
Samples: Real State Purchase Agreement, Real State Purchase Agreement, Real State Purchase Agreement
