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Conditions

The document contains three real estate agreements that are conditional on property inspections. The first agreement is conditional on a home inspection by the buyer's inspector and the buyer finding the report satisfactory. The second agreement is conditional on the buyer arranging financing within 5 days. The third agreement is conditional on the buyer being satisfied with a builder's report within 5 days, and allows the seller to remedy any issues found.

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0% found this document useful (0 votes)
107 views3 pages

Conditions

The document contains three real estate agreements that are conditional on property inspections. The first agreement is conditional on a home inspection by the buyer's inspector and the buyer finding the report satisfactory. The second agreement is conditional on the buyer arranging financing within 5 days. The third agreement is conditional on the buyer being satisfied with a builder's report within 5 days, and allows the seller to remedy any issues found.

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This Agreement is conditional upon the inspection of the Property by a home

inspector of the Buyers choice and at the Buyers sole expense, and receipt of a
report satisfactory to him, in his sole and absolute discretion. Unless the
Buyer/Cooperating Broker gives notice in writing, delivered to the Seller/Listing
Broker on or before Wednesday August 19, 1998, that this condition is fulfilled, this
Agreement shall be null and void and the deposit shall be returned to the Buyer
without interest or deduction. This condition is included for the sole benefit of the
Buyer and may be waived at his sole option by notice in writing to the Seller/Listing
Broker within the time period stated herein.
This Offer is conditional upon the Buyer arranging satisfactory financing, at the
Buyer's expense, within 5 Banking days of acceptance of this Offer, failing which
this agreement shall become null and void and the Buyer's deposit shall be returned
in full, without interest or deduction. Buyer reserves the right to waive this
condition.
This agreement is conditional upon the Purchaser being satisfied within (5) working
days of the date of this agreement with a builders report on the subject property.
Should the Purchaser be dissatisfied with matters contained in the report then the
purchaser must provide a copy of the report to the Vendor giving rise to the said
defect(s). Upon receiving notice from the Purchaser of the said defect(s) the Vendor
shall advise the Purchaser within (2) working days whether or not the Vendor is
prepared to remedy the said defect(s). In the event of the Vendor agreeing to
remedy to said defect(s) then the Vendor warrants the said defect(s) will be
corrected prior to settlement in accordance with the local authoritys requirements
and at the Vendor expense. If the Vendor fails to respond or advise the Purchaser
within the said (2) days that the Vendor will not remedy the said defect(s) then the
Purchaser shall be entitled at the Purchasers discretion by notice in writing to the
Vendor to cancel this agreement. Failing the giving of such notice to the Vendor the
Purchaser shall be deemed to have accepted such said defect(s).
This Offer is conditional upon the inspection of the subject property by a home inspector at the Buyer's
own expense, and the obtaining of a report satisfactory to the Buyer in the Buyer's sole and absolute
discretion. Unless the Buyer gives notice in writing delivered to the Seller not later than _____ p.m. on the
______day of ____________, 20____, that this condition is fulfilled, this Offer shall be null and void and
the deposit shall be returned to the Buyer in full without deduction. The Seller agrees to co-operate in
providing access to the property for the purpose of this inspection. This condition is included for the
benefit of the Buyer and may be waived at the Buyer's sole option by notice in writing to the Seller within
the time period stated herein.
INSP - 2 Condition -- Inspection of Property by a Home Inspector - General Inspection -- Condo
This Offer is conditional upon the inspection of the unit and common elements by a home inspector at the
Buyer's own expense and the obtaining of a report satisfactory to the Buyer in the Buyer's sole and
absolute discretion. Unless the Buyer gives notice in writing delivered to the Seller not later than ___ p.m.
on the ____ day of _________, 20____, that this condition is fulfilled, this Offer shall be null and void and

the deposit shall be returned to the Buyer in full without deduction. The Seller agrees to co-operate in
providing access to the unit for the purpose of this inspection. This condition is included for the benefit of
the Buyer and may be waived at the Buyer's sole option by notice in writing to the Seller within the time
period stated herein.
INSP - 3 Condition -- Inspection of Property - Limited Inspection
This Offer is conditional upon the Buyer, at the Buyer's own expense, having the relevant building(s)
inspected by a bona fide home inspection firm to determine that the building(s) are in sound structural and
mechanical condition and that the electrical system is safe and adequate, and that, in the written opinion
of the home inspection firm, all deficiencies can be remedied at a cost not greater than
_________________ ($_______________). Unless the Buyer gives notice in writing delivered to the
Seller not later than _____ p.m. on the ______day of _________, 20____, that this condition is fulfilled,
this Offer shall be null and void and the deposit shall be returned to the Buyer in full without deduction.
This condition is included for the benefit of the Buyer and may be waived at the Buyer's sole option by
notice in writing to the Seller within the time period stated herein.
INSP - 4 Condition -- Inspection of Property -- Seller Allowed to Remedy
This Offer is conditional upon the inspection of the subject property by a home inspector at the Buyer's
own expense and the obtaining of a report satisfactory to the Buyer or a report revealing deficiencies in
the property which the Seller is willing and able to remedy. Unless the Buyer gives notice in writing
delivered to the Seller not later than _____ p.m. on the __________ day of _____________, 20_______,
that this condition is fulfilled, this Offer shall be null and void and the deposit shall be returned to the
Buyer in full without deduction. The Seller agrees to co-operate in providing access to the property for the
purpose of this inspection. This condition is included for the benefit of the Buyer and may be waived at the
Buyer's sole option by notice in writing to the Seller within the time period stated herein.
INSP - 5 Condition -- Upon Inspection - Seller Allowed to Remedy -- Condo
This Offer is conditional upon the inspection of the subject unit by a home inspector at the Buyer's own
expense and the obtaining of a report satisfactory to the Buyer or a report revealing deficiencies in the
unit which the Seller is willing and able to remedy. Unless the Buyer gives notice in writing to the Seller
not later than ____ p.m. on the _____ day of ________,20 __ , that this condition is fulfilled, this Offer
shall be null and void and the deposit shall be returned to the Buyer in full without deduction. This
condition is included for the benefit of the Buyer and may be waived at the Buyer's sole option by notice in
writing to the Seller within the time period stated herein.
INSP - 6 Conditional -- Inspection of Property -- Termites
This Offer is conditional upon the Buyer or the Buyer's appointed representative inspecting the subject
property for termites and obtaining a report satisfactory to the Buyer at the Buyer's own expense. Unless
the Buyer gives notice in writing delivered to the Seller not later than ___ p.m. on the __day of ____,
20____, that this condition is fulfilled, this Offer shall be null and void and the deposit shall be returned to
the Buyer in full without deduction. The Seller agrees to co-operate in providing access to the property for
the purpose of this inspection. This condition is included for the benefit of the Buyer and may be waived at
the Buyer's sole option by notice in writing to the Seller within the time period stated herein.

INSP - 7 Condition -- Inspection of Property -- Third Party


This Offer is conditional upon the inspection of the subject property by ________________________
and the obtaining of a report satisfactory to the Buyer at the Buyer's own expense. Unless the Buyer
gives notice in writing delivered to the Seller not later than ____p.m. on the _____day of
______________, 20 , that this condition is fulfilled, this Offer shall be null and void and the
deposit shall be returned to the Buyer in full without deduction. The Seller agrees to co-operate in
providing access to the property for the purpose of this inspection. This condition is included for the
benefit of the Buyer and may be waived at the Buyer's sole option by notice in writing to the Seller within
the time period stated herein.
INSP - 8 Condition -- Upon Inspection of Property by a Third Party -- Condo
This Offer is conditional upon the inspection of the unit and common elements by _____________ and
the obtaining of a report satisfactory to the Buyer at the Buyer's own expense. Unless the Buyer gives
notice in writing delivered to the Seller not later than ____ p.m. on the ____ day of _______, 20___, that
this condition is fulfilled, this Offer shall be null and void and the deposit shall be returned to the Buyer in
full without deduction. The Seller agrees to co-operate in providing access to the unit for the purpose of
this inspection. This condition is included for the benefit of the Buyer and may be waived at the Buyer's
sole option by notice in writing to the Seller within the time period stated herein.
INSP - 9 Delivery of Report
In the event the foregoing condition is not fulfilled or waived by the Buyer, the Buyer agrees to provide the
Seller with a true copy of the Inspection Report and all estimates related thereto prior to the return of the
deposit herein.
INSP - 10 Inspection of Systems
Upon acceptance of this Offer, the Buyer shall be allowed to enter the premises, from time to time, after
permission from the Seller, for the purpose of obtaining information about heating and electrical systems,
maintenance, and any other related utility service for the building.
INSP - 11 Right of Re-inspection Prior to Completion
The Buyer shall have the right to inspect the property one further time prior to completion, at a mutually
agreed upon time, provided that written notice is given to the Seller. The Seller agrees to provide access
to the property for the purpose of this inspection.

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