This Offer shall be conditional upon the Buyer, at the Buyer’s expense, obtaining a home inspection of the property by a qualified home inspector within 5 days of acceptance of this offer.
Should the inspection reveal major items on the Repair Request List the Buyer wishes to address, the Buyer shall provide such list to the Seller within 1 day following completion of the inspection. The Seller reserves the sole, absolute, and unfettered option to remedy such items. If the Seller elects not to complete or address the requested items, the Buyer shall have the option to:
Proceed with the transaction on the terms of this Agreement as written; or
Provide written notice of termination within 1 day of the Seller’s response, in which case this offer shall be null and void and the deposit shall be returned to the Buyer in full, without deduction.
Failure by the Buyer to deliver such written notice within the specified timeframe shall be deemed acceptance of the property in its current condition, and this condition shall be deemed waived and fulfilled. The Seller agrees to provide access to the property for the purpose of this inspection. These conditions are 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.
Condition · Source: Notion: Purchase Clauses
Seller agrees to address any major system issues(electrical, heating, cooling, mechanical, and plumbing) and/or safety issues uncovered by a licensed professional home inspector during the inspection period and submitted to the seller by the buyer on the appropriate inspection repair request form by the inspection period deadline. Buyer agrees not to include any minor defects, normal wear and tear items, or cosmetic issues on the inspection repair request form.
Agreement · Source: Drive: Andrew - Standard Clause Sheet
⚠️ Needs cleanup: Starts with an internal note. Check wording before use.
F(Note this clause is used typically with aluminum wiring and is important as the insurance company will insist on this. If this is not done then the client will not get insurance and of course will not get the mortgage as you need insurance to get a mortgage)
Agreement · Source: Drive: Andrew - Standard Clause Sheet
⚠️ Needs cleanup: Several pieces pasted together. Split into clean options.
The seller agrees to provide at the sellers expense by the last date set to examine title, a fire certificate by the local fire department confirming that the said premises are up to current fire codes. Should said certificate reveal any deficiencies, then the seller agrees to remedy such deficiencies and have the property re-inspected confirming that the deficiencies have been cured. (this is a good clause to use when buying a multi residential property as it puts the onus on the seller to make sure the property is up to fire code)
conditional upon the receipt of an up to date fire safety compliance letter regarding the use of a legal duplex, obtained and provided to the Buyer at the Seller's own cost and expense. satisfactory to the Buyer in the Buyer's sole and absolute discretion respecting retrofitting pursuant to and in compliance with the Fire Protection and Prevention Act, 1997, and its regulations as amended from time to time.