Common use of INSPECTION CONTINGENCY Clause in Contracts

INSPECTION CONTINGENCY. Broker(s) recommend that Buyer conduct independent private inspection(s) of property at ▇▇▇▇▇’s expense. Due diligence may include, but is not limited to, any inspection(s) or research deemed necessary by Buyer, including; structural integrity, condition of mechanical systems, environmental status, health or safety conditions, surveys or infestation. To ensure intended use of premises it is recommended that Buyer research: square footage; building and use restrictions; easements, ordinances; regulations; school district, and/or property tax status. If ▇▇▇▇▇ DOES NOT notify Seller, in writing, within _ __ _ calendar days from date of final acceptance of Agreement that Buyer is dissatisfied with results of due diligence, Agreement shall be binding without regard to said inspection(s). If ▇▇▇▇▇ notifies Seller, in writing and within specified time, that, in ▇▇▇▇▇’s sole judgment, ▇▇▇▇▇ is dissatisfied with results of due diligence, Buyer shall do one, or a combination, of the following within the contingency period stated above. A. Present to Seller an amendment for mutual agreement that cites a list of repairs and/or conditions to be remedied. B. Present to Seller an amendment for mutual agreement with a credit to be applied against the purchase price, and/or a price reduction, in full satisfaction of inspection contingency. C. Present to Seller a Notice of Dissatisfaction with due diligence which shall render Agreement null and void, in which case Seller agrees to authorize Broker to return all ▇▇▇▇▇▇▇ monies to Buyer. D. In the event Seller and Buyer are unable to reach an Agreement to Buyer’s proposals made under A or B, Buyer shall either elect to proceed with transaction by waiving this contingency in writing, or declare Agreement void by election of C within 3 calendar days of receipt of Seller’s written response to A or B above.

INSPECTION CONTINGENCY. Broker(s) recommend that Buyer conduct independent private inspection(s) of property at ▇▇▇▇▇’s expense. Due diligence may include, but is not limited to, any inspection(s) or research deemed necessary by Buyer, including; structural integrity, condition of mechanical systems, environmental status, health or safety conditions, surveys or infestation. To ensure intended use of premises it is recommended that Buyer research: square footage; building and use restrictions; easements, ; ordinances; regulations; school district, and/or ; and/ or property tax status. If ▇▇▇▇▇ Buyer DOES NOT notify Seller, in writing, within _ __ _ calendar days from date of final acceptance of Agreement that Buyer is dissatisfied with results of due diligence, Agreement shall be binding without regard to said inspection(s). If ▇▇▇▇▇ notifies Seller, in writing and within specified time, that, in ▇▇▇▇▇’s sole judgmentjudgement, ▇▇▇▇▇ is dissatisfied with results of due diligence, Buyer shall do one, or a combination, of the following within the contingency period stated above. A. Present to Seller an amendment for mutual agreement that cites a list of repairs and/or conditions to be remedied. B. Present to Seller an amendment for mutual agreement with a credit to be applied against the purchase price, and/or a price reduction, in full satisfaction of inspection contingency. C. Present to Seller a Notice of Dissatisfaction with due diligence which shall render Agreement null and void, in which case Seller agrees to authorize Broker to return all ▇▇▇▇▇▇▇ monies to Buyer. D. In the event Seller and Buyer are unable to reach an Agreement to Buyer▇▇▇▇▇’s proposals made under A or B, Buyer ▇▇▇▇▇ shall either elect to proceed with transaction by waiving this contingency in writing, or declare Agreement void by election of C within 3 calendar days of receipt of Seller’s written response to A or B above. Does Not desire to have Property Inspection.

INSPECTION CONTINGENCY. Broker(s) recommend that Buyer conduct independent private inspection(s) of property at ▇▇▇▇▇’s Buyer's expense. Due diligence may include, but is not limited to, any inspection(s) or research deemed necessary by Buyer, including; structural integrity, condition of mechanical systems, environmental status, health or safety conditions, surveys or infestation. To ensure intended use of premises it is recommended that Buyer research: square footage; building and use restrictions; easements, ; ordinances; regulations; school district, ; and/or property tax status. If ▇▇▇▇▇ Buyer DOES NOT notify Seller, in writing, within _ __ _ calendar days from date of final acceptance of Agreement that Buyer is dissatisfied with results of due diligence, Agreement shall be binding without regard to said inspection(s). If ▇▇▇▇▇ Buyer notifies Seller, in writing and within specified time, that, in ▇▇▇▇▇’s Buyer's sole judgment, ▇▇▇▇▇ Buyer is dissatisfied with results of due diligence, Buyer shall do one, or a combination, of the following within the contingency period stated above. A. Present to Seller an amendment for mutual agreement that cites a list of repairs and/or conditions to be remedied. B. Present to Seller an amendment for mutual agreement with a credit to be applied against the purchase price, and/or a price reduction, in full satisfaction of inspection contingency. C. Present to Seller a Notice of Dissatisfaction with due diligence which shall render Agreement null and void, in which case Seller agrees to authorize Broker to return all ▇▇▇▇▇▇▇ monies to Buyer. D. In the event Seller and Buyer are unable to reach an Agreement to Buyer’s 's proposals made under A or B, Buyer shall either elect to proceed with transaction by waiving this contingency in writing, or declare Agreement void by election of C within 3 calendar days of receipt of Seller’s 's written response to A or B above. Buyer: Does Does Not desire to have Property Inspection.