Page 14 - Purchase Contract Guide Book Title Alliance Infinity Agency May 2017
P. 14
Due Diligence
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INFINITY AGENCY LLC
Lines 243-246: If the premises has any septic or alternative system the AAR on-site waste
water treatment facility addendum shall be come a part of the purchase contract
Lines 247-251: Buyer acknowledges receipt of the AZ Dept of Health Services approved
private pool safety notice
Lines 246 and 251: Buyers initials required
Lines 260-263: Prior to expiration of inspection period, buyer shall deliver to seller a signed
notice of any items disapproved of. This form is called a BINSR.
Lines 264-284: If buyer disapproves of any items on the property buyer must notify seller in
writing of those items, within the inspection period. Buyer shall indicate if they wish to cancel
contract immediately or provide the seller an opportunity to correct the items.
Lines 285-286: Only written agreements can extend response times or cancellation rights
Lines 287-289: If buyer fails to give notice of disapproval of items or cancellation of this
contract within the specified time period given, this constitutes as buyers election to proceed
without correction of disapproved items
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