Common use of Practice Tip Clause in Contracts

Practice Tip. Under the Home Inspection Law, Home Inspectors may provide repair estimates, but only as a range of costs with the source of the estimate being identified, and accompanied by a statement that the parties should consider consulting with a contractor who performs the type of repairs involved. Keep in mind that you may wish to provide time to obtain outside estimates if you consider that they may be perceived as being more reliable than estimates provided by a home inspector; providing a reliable estimate as a Buyer may make it easier to negotiate for repairs or a credit. Note: The Buyer should be sure that requested repairs would be compliant with relevant codes and other requirements. The Agreement provides that if the Seller performs according to the terms of a Written Corrective Proposal, the Buyer cannot try later to hold the Seller liable for non-compliance. Note: The Seller can address each Written Corrective Proposal as it comes in, or can hold each of them and formulate a response once all of the proposals have been received.