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Property inspection contingency removal addendum 2025

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The document is a Home Inspection Removal of Contingency Addendum to a Residential Contract of Purchase by the Virginia Association of REALTORS®. It outlines the process for removing the home inspection contingency in a real estate transaction, detailing the responsibilities of both the purchaser and seller regarding property repairs and inspections.

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Click ‘Get Form’ to open the property inspection contingency removal addendum in the editor.
Begin by entering the date of the addendum at the top of the form. This is crucial for establishing a timeline for your agreement.
Fill in the names of both the Purchaser and Seller, ensuring accuracy to avoid any legal complications.
Specify the property address involved in this transaction. This helps clarify which property is being discussed.
Review the attached inspection report(s) and list any specific deficiencies that you request the Seller to remedy, along with your proposed solutions.
Confirm that all repairs will be conducted by qualified professionals and note that receipts will be provided before final walkthrough.
Finally, ensure both parties sign and date the document to validate the agreement.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the most common addendum?

An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document.

What is the inspection contingency removal addendum?

Inspection Contingency Addendum Per contingency addendums, if the home does not pass inspection, the buyer and seller can renegotiate the terms of the sale. Another option contingency addendums provide is releasing the buyer from the agreement.

What is a contingency removal addendum?

Contingency Removal: A contingency removal addendum formally documents the agreement to proceed without certain previously outlined conditions, marking docHub milestones in the transaction process.

What is a contingency removal?

Contingency removal occurs when you, as the buyer, initially include a contingency in your offer but then remove it before closing, often after certain conditions are met or reassessed. For instance, a loan contingency might be removed after securing mortgage approval.

What is the property inspection addendum in Maryland?

The Maryland property inspection addendum is a document used in real estate transactions that allows buyers to request property inspections and outline the terms related to those inspections.

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What is a contingency addendum?

Contingency removal means the buyer becomes more committed as they risk losing their earnest money deposit if they want to back out after removing their contingencies. The sale has become more certain, and the transaction can proceed.

What does removal of contingency mean?

The addendum grants the buyer the right to withdraw from the purchase agreement without penalty if the parties cannot agree to waive, adjust, or negotiate any issues found during the inspection.