Common use of RESIDENTIAL PROPERTY DISCLOSURE Clause in Contracts

RESIDENTIAL PROPERTY DISCLOSURE. Seller represents that the property ( ) is OR ( ) is not subject to the State Residential Property Disclosure Act, which requires the Seller of certain residential property to furnish the Purchaser a property disclosure statement. No representations have been made by Seller regarding parcels adjacent to the Property. The Purchaser should exercise whatever due diligence he or she deems necessary with respect to adjacent parcels prior to settlement on the Property. The Purchaser has been furnished a Residential property Disclosure Form prior to signing this Contract. If the Disclosure is not furnished prior to the signing of this Contract, Purchaser shall have the right to terminate the Contract at or prior to the earliest of (i) three (3) days after delivery of the Disclosure in person, or (II0 five days after the postmark if the Disclosure is deposited in the United Sates mail, postage prepaid, and properly addressed to the Purchaser, or (iii) settlement upon purchase of the Property, or

Appears in 15 contracts

Samples: Real State Purchase Agreement, Real State Purchase Agreement, Real State Purchase Agreement

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