Common use of Lead Testing Clause in Contracts

Lead Testing. BUYER HEREBY RELEASES, QUIT CLAIMS AND FOREVER DISCHARGES AND RELEASES SELLER AND AUCTIONEER FROM ANY AND ALL CLAIMS, LOSSES OR DEMANDS, INCLUDING, BUT NOT LIMITED TO, PERSONAL INJURIES AND PROPERTY DAMAGE AND ALL OF THE CONSEQUENCES THEREOF, WHETHER NOW KNOWN OR NOT, WHICH MAY ARISE FROM THE PRESENCE OF TERMITES OR OTHER WOOD-BORING INSECTS, RADON, LEAD-BASED PAINT HAZARDS, MOLD, ENVIRONMENTAL HAZARDS, ANY DEFECTS IN THE SEWAGE DISPOSAL SYSTEM, OR DEFICIENCIES IN THE WATER SERVICE SYSTEM, OR ANY DEFECTS OR CONDITIONS ON THE PROPERTY. THIS DISCHARGE AND RELEASE WILL SURVIVE CLOSING. 15 NO BUYER CONTINGENCIES. WITH THE EXCEPTION OF SELLER’S OBLIGATION TO DELIVER TITLE TO THE PROPERTY AS PROVIDED IN THIS AGREEMENT, THERE ARE ABSOLUTELY NO BUYER CONTINGENCIES WHATSOEVER, INCLUDING, BUT NOT LIMITED TO, FINANCING, ENVIRONMENTAL, ZONING, PROPERTY OR SYSTEM INSPECTION, SALE OF OTHER REAL PROPERTY BY BUYER, SIMULTANEOUS CLOSING, CONDOMINIUM ASSOCIATION APPROVAL, OR OF ANY OTHER NATURE. 16 CONDOMINIUM ASSOCIATION APPROVAL. BUYER MUST MAKE APPLICATION FOR MEMBERSHIP IN THE SABAL PALM CONDOMINIUMS OF PINE ISLAND RIDGE ASSOCIATION, INC. (THE “ASSOCIATION”). BUYER HAS HAD ACCESS TO THE CONDOMINIUM DOCUMENTS AND FORMS, INCLUDING THE APPLICATION FOR MEMBERSHIP IN THE ASSOCIATION. THE APPLICATION PROCESS INCLUDES CREDIT AND BACKGROUND CHECKS. BUYER’S OBLIGATION TO PAY THE CONTRACT PRICE (INCLUDING THE BUYER’S PREMIUM) IS NOT CONTINGENT ON APPROVAL OF THE MEMBERSHIP APPLICATION BY THE ASSOCIATION. IN OTHER WORDS, BUYER WILL BE CONTRACTUALLY OBLIGATED TO PAY THE CONTRACT PRICE (INCLUDING THE BUYER’S PREMIUM) REGARDLESS OF WHETHER THE ASSOCIATION APPROVES BUYER’S APPLICATION FOR MEMBERSHIP. IF BUYER’S APPLICATION IS NOT APPROVED BY THE ASSOCIATION, TITLE TO THE PROPERTY MAY NOT BE TRANSFERRED TO BUYER. ▇▇▇▇▇ ACKNOWLEDGE AND AGREES THAT BUYER UNDERSTAND – AND ASSUMES – THIS RISK.

Lead Testing. BUYER HEREBY RELEASES, QUIT CLAIMS AND FOREVER DISCHARGES AND RELEASES SELLER AND AUCTIONEER FROM ANY AND ALL CLAIMS, LOSSES OR DEMANDS, INCLUDING, BUT NOT LIMITED TO, PERSONAL INJURIES AND PROPERTY DAMAGE AND ALL OF THE CONSEQUENCES THEREOF, WHETHER NOW KNOWN OR NOT, WHICH MAY ARISE FROM THE PRESENCE OF TERMITES OR OTHER WOOD-BORING INSECTS, RADON, LEAD-BASED PAINT HAZARDS, MOLD, ENVIRONMENTAL HAZARDS, ANY DEFECTS IN THE SEWAGE DISPOSAL SYSTEM, OR DEFICIENCIES IN THE WATER SERVICE SYSTEM, OR ANY DEFECTS OR CONDITIONS ON THE PROPERTY. THIS DISCHARGE AND RELEASE WILL SURVIVE CLOSING. 15 NO BUYER CONTINGENCIES. WITH THE EXCEPTION OF SELLER’S OBLIGATION TO DELIVER TITLE TO THE PROPERTY AS PROVIDED IN THIS AGREEMENT, THERE ARE ABSOLUTELY NO BUYER CONTINGENCIES WHATSOEVER, INCLUDING, BUT NOT LIMITED TO, FINANCING, ENVIRONMENTAL, ZONING, PROPERTY OR SYSTEM INSPECTION, SALE OF OTHER REAL PROPERTY BY BUYER, SIMULTANEOUS CLOSING, CONDOMINIUM / HOA ASSOCIATION APPROVAL, OR OF ANY OTHER NATURE. 16 CONDOMINIUM ASSOCIATION APPROVAL. BUYER MUST MAKE APPLICATION FOR MEMBERSHIP IN THE SABAL PALM CONDOMINIUMS OF PINE ISLAND RIDGE ASSOCIATION, INC. (THE “ASSOCIATION”). BUYER HAS HAD ACCESS TO THE CONDOMINIUM DOCUMENTS AND FORMS, INCLUDING THE APPLICATION FOR MEMBERSHIP IN THE ASSOCIATION. THE APPLICATION PROCESS INCLUDES CREDIT AND BACKGROUND CHECKS. BUYER’S OBLIGATION TO PAY THE CONTRACT PRICE (INCLUDING THE BUYER’S PREMIUM) IS NOT CONTINGENT ON APPROVAL OF THE MEMBERSHIP APPLICATION BY THE ASSOCIATION. IN OTHER WORDS, BUYER WILL BE CONTRACTUALLY OBLIGATED TO PAY THE CONTRACT PRICE (INCLUDING THE BUYER’S PREMIUM) REGARDLESS OF WHETHER THE ASSOCIATION APPROVES BUYER’S APPLICATION FOR MEMBERSHIP. IF BUYER’S APPLICATION IS NOT APPROVED BY THE ASSOCIATION, TITLE TO THE PROPERTY MAY NOT BE TRANSFERRED TO BUYER. ▇▇▇▇▇ ACKNOWLEDGE AND AGREES THAT BUYER UNDERSTAND – AND ASSUMES – THIS RISK.