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What is the biggest red flag in a home inspection?
An addendum may also be as simple as a buyer request that certain appliances -- such as the refrigerator, the washer or dryer -- remain in the home. Another example of an addendum is one that includes contingencies.
What is the inspection addendum?
inspection addendum or clause. in a contract to buy or sell real estate, a clause or attachment that allows the buyer (or a qualified party) to inspect the property. If repairs are needed, the seller may be allowed to perform the repairs up to a dollar limitation or choose not to sell.
What is an example of an inspection clause?
Example Clause: The Buyer shall inspect the goods within 5 business days of delivery to ensure they comply with the specifications set out in Appendix A. If the goods conform to these specifications, the Buyer shall provide written acceptance.
What is the purpose of an addendum?
Instead of scratching out and handwriting over certain parts of the contract, addendums are drafted and signed to prove both buyer and seller agree. This includes: Modifying the purchase price, closing date, and financing terms.
Jun 14, 2023 It is a condition of this contract that the work shall be subject to inspection during normal working hours and during any time work is in
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