Page 12 - Purchase Contract Guide
P. 12
SECTION 5 - Warranties
5a Lines 191-199 Seller can make no warranty for the zoning or condition of the property. The buyer needs to perform their due
diligence in having the property inspected during the inspection period, per section 6J of the purchase contract. Sellers
are responsible to remove any personal property (not included in the sale) and debris prior to possession or COE.
5b Lines 200-206 Seller warrants that all known material defects have been disclosed and Seller warrants payment in full will
have been made for work performed on the property.
SECTION 6 - Due Diligence
6a Lines 191-202 The Inspection Period begins “the day after acceptance of the Contract”. Buyer as the right to perform any
inspections desired within the period specified. Buyer is encouraged to conduct all investigations necessary to determine the
value and condition of the property. Buyer shall provide Seller and Broker(s) copies of all inspection reports concerning the
Premises.
6c Lines 228-232 Buyer shall order AND PAY for the termite inspection. Any issues in the inspection must be addressed within
the inspection period noted in 6a.
NOTE Conditions Conducive to Infestation on the reverse of the Wood Infestation Report may be a concern to the Buyer or
the Buyer’s Lender. Nearly all lenders will require that active insect infestation be treated.
12