Common use of Water Availability Clause in Contracts

Water Availability. The Buyer shall have permission to enter the property for the purpose of drilling a well for water at Buyer’s expense provided that Buyer shall deposit as security in Seller’s attorney’s trust account an amount sufficient to cover the maximum expense of well drilling shown on a written estimate provided by Buyer’s well driller. If the water supply is unsatisfactory in the opinion of the Buyer, then the Buyer shall have the option of canceling this Contract by written notice to the Seller without further liability on the part of either party. Buyer shall make such determination within calendar days of acceptance. Buyer shall restore the ground to the same condition as found.

Water Availability. The Buyer buyer shall have permission to enter the property for the purpose of pf drilling a well for water at the Buyer’s expense expense, provided that Buyer shall deposit as security in Seller’s attorney’s trust account in an amount sufficient to cover the maximum expense of well drilling shown on a written estimate provided by Buyer’s well driller. If the water supply is unsatisfactory in the opinion option of the Buyer, then the Buyer shall have the option of canceling cancelling this Contract contract by written notice to the Seller without further liability on the part of either party. Buyer shall make such determination within calendar days of acceptance; otherwise, this contingency is waived. Buyer shall restore the ground to the same condition as found.