Common use of Property Condition Clause in Contracts

Property Condition. Seller agrees to maintain the Property in its current condition, subject to ordinary wear and tear, from the time this Agreement comes into effect until the Closing. Xxxxx recognizes that the Seller, along with any licensed real estate agent(s) involved in this transaction, make no claims as to the validity of any property disclosure information. Buyer is required to perform their own inspections, tests, and investigations to verify any information provided by the Seller. Afterward, the Buyer shall submit copies of all tests and reports to the Seller at no cost. Therefore, Buyer shall hold the right to hire licensed contractors, or other qualified professionals, to further inspect and investigate the Property until [DATE], at [TIME] ☐ AM ☐ PM. After all inspections are completed, Buyer shall have until [DATE], at [TIME] ☐ AM ☐ PM to present any new property disclosures to the Seller in writing. The Buyer and Seller shall have [#] business days to reach an agreement over any new property disclosures found by the Buyer. If the Parties cannot come to an agreement, this Agreement shall be terminated with the Xxxxxxx Money being returned to the Buyer. XII.

Appears in 19 contracts

Samples: Purchase Agreement, Real Estate Purchase Agreement, Real Estate Purchase Agreement

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Property Condition. Seller agrees to maintain the Property in its current condition, subject to ordinary wear and tear, from the time this Agreement comes into effect until the Closing. Xxxxx recognizes that the Seller, along with any licensed real estate agent(s) involved in this transaction, make no claims as to the validity of any property disclosure information. Buyer is required to perform their own inspections, tests, and investigations to verify any information provided by the Seller. Afterward, the Buyer shall submit copies of all tests and reports to the Seller at no cost. Therefore, Buyer shall hold the right to hire licensed contractors, or other qualified professionals, to further inspect and investigate the Property until [DATE], at [TIME] ☐ AM ☐ PM. After all inspections are completed, Buyer shall have until [DATE], at [TIME] ☐ AM ☐ PM to present any new property disclosures to the Seller in writing. The Buyer and Seller shall have [#] business days to reach an agreement over any new property disclosures found by the Buyer. If the Parties cannot come to an agreement, this Agreement shall be terminated with the Xxxxxxx Money being returned to the Buyer. XII.

Appears in 2 contracts

Samples: Real Estate Purchase Agreement, Real Estate Purchase Agreement

Property Condition. Seller agrees to maintain the Property in its current condition, subject to ordinary wear and tear, from the time this Agreement comes into effect until the Closing. Xxxxx recognizes that the Seller, along with any licensed real estate agent(s) involved in this transaction, make no claims as to the validity of any property disclosure information. Buyer is required to perform their own inspections, tests, and investigations to verify any information provided by the Seller. Afterward, the Buyer shall submit copies of all tests and reports to the Seller at no cost. Therefore, the Buyer shall hold the right to hire licensed contractors, or other qualified professionals, to further inspect and investigate the Property until [DATE], at [TIME] ☐ AM ☐ PM. After all inspections are completed, the Buyer shall have until [DATE], at [TIME] ☐ AM ☐ PM to present any new property disclosures to the Seller in writing. The Buyer and Seller shall have [#] business days to reach an agreement over any new property disclosures found by the Buyer. If the Parties cannot come to an agreement, this Agreement shall be terminated with the Xxxxxxx Money being returned to the Buyer. XIIXI. Appraisal.

Appears in 1 contract

Samples: Land Agreement

Property Condition. Seller agrees to maintain the Property in its current condition, subject to ordinary wear and tear, from the time this Agreement comes into effect until the Closing. Xxxxx recognizes that the Seller, along with any licensed real estate agent(s) involved in this transaction, make no claims as to the validity of any property disclosure information. Buyer is required to perform their own inspections, tests, and investigations to verify any information provided by the Seller. Afterward, the Buyer shall submit copies of all tests and reports to the Seller at no cost. Therefore, Buyer shall hold the right to hire licensed contractors, or other qualified professionals, to further inspect and investigate the Property until [DATE], at [TIME] ☐ AM ☐ PM. After all inspections are completed, Buyer shall have until [DATE], at [TIME] ☐ AM ☐ PM to present any new property disclosures to the Seller in writing. The Buyer and Seller shall have [#] business days to reach an agreement over any new property disclosures found by the Buyer. If the Parties cannot come to an agreement, this Agreement shall be terminated with the Xxxxxxx Money being returned to the Buyer. XII.be

Appears in 1 contract

Samples: Real Estate Purchase Agreement

Property Condition. Seller agrees to maintain the Property in its current condition, subject to ordinary wear and tear, from the time this Agreement comes into effect until the Closing. Xxxxx recognizes that the Seller, along with any licensed real estate agent(s) involved in this transaction, make no claims as to the validity of any property disclosure information. Buyer is required to perform their own inspections, tests, and investigations to verify any information provided by the Seller. Afterward, the Buyer shall submit copies of all tests and reports to the Seller at no cost. Therefore, the Buyer shall hold the right to hire licensed contractors, or other qualified professionals, to further inspect and investigate the Property until [DATE], at [TIME] ☐ AM ☐ PM. After all inspections are completed, the Buyer shall have until [DATE], at [TIME] ☐ AM ☐ PM to present any new property disclosures to the Seller in writing. The Buyer and Seller shall have [#] business days to reach an agreement over any new property disclosures found by the Buyer. If the Parties cannot come to an agreement, this Agreement shall be terminated with the Xxxxxxx Money being returned to the Buyer. XII.Agreement

Appears in 1 contract

Samples: static1.squarespace.com

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Property Condition. Seller agrees to maintain the Property in its current condition, subject to ordinary wear and tear, from the time this Agreement comes into effect until the Closing. Xxxxx recognizes that the Seller, along with any licensed real estate agent(s) involved in this transaction, make no claims as to the validity of any property disclosure information. Buyer is required to perform their own inspections, tests, and investigations to verify any information provided by the Seller. Afterward, the Buyer shall submit copies of all tests and reports to the Seller at no cost. Therefore, the Buyer shall hold the right to hire licensed contractors, or other qualified professionals, to further inspect and investigate the Property until [DATE], at [TIME] ☐ AM ☐ PM. After all inspections are completed, the Buyer shall have until [DATE], at [TIME] ☐ AM ☐ PM to present any new property disclosures to the Seller in writing. The Buyer and Seller shall have [#] business days to reach an agreement over any new property disclosures found by the Buyer. If the Parties cannot come to an agreement, this Agreement shall be terminated with the Xxxxxxx Money being returned to the Buyer. XII.

Appears in 1 contract

Samples: static1.squarespace.com

Property Condition. Seller agrees to maintain the Property in its current condition, subject to ordinary wear and tear, from the time this Agreement comes into effect until the Closing. Xxxxx recognizes that the Seller, along with any licensed real estate agent(s) involved in this transaction, make no claims as to the validity of any property disclosure information. Buyer is required to perform their own inspections, tests, and investigations to verify any information provided by the Seller. Afterward, the Buyer shall submit copies of all tests and reports to the Seller at no cost. Therefore, the Buyer shall hold the right to hire licensed contractors, or other qualified professionals, to further inspect and investigate the Property until [DATE], at [TIME] ☐ AM ☐ PM. After all inspections are completed, the Buyer shall have until [DATE], at [TIME] ☐ AM ☐ PM to present any new property disclosures to the Seller in writing. The Buyer and Seller shall have [#] business days to reach an agreement over any new property disclosures found by the Buyer. If the Parties cannot come to an agreement, this Agreement shall be terminated with the Xxxxxxx Money being returned to the Buyer. XIIXI.

Appears in 1 contract

Samples: static1.squarespace.com

Property Condition. Seller agrees to maintain the Property in its current condition, subject to ordinary wear and tear, from the time this Agreement comes into effect until the Closing. Xxxxx recognizes that the Seller, along with any licensed real estate agent(s) involved in this transaction, make no claims as to the validity of any property disclosure information. Buyer is required to perform their own inspections, tests, and investigations to verify any information provided by the Seller. Afterward, the Buyer shall submit copies of all tests and reports to the Seller at no cost. Therefore, Buyer shall hold the right to hire licensed contractors, or other qualified professionals, to further inspect and investigate the Property until [DATE], at [TIME] ☐ AM ☐ PM. After all inspections are completed, Buyer shall have until [DATE], at [TIME] ☐ AM ☐ PM to present any new property disclosures to the Seller in writing. The Buyer and Seller shall have [#] business days to reach an agreement over any new property disclosures found by the Buyer. If the Parties cannot come to an agreement, this Agreement shall be terminated with the Xxxxxxx Money being returned to the Buyer. XII.

Appears in 1 contract

Samples: Real Estate Purchase Agreement

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