Home Inspection Roof Contingency Clause Sample

Inspections may at buyer s option and expense include but are not limited to.

Home inspection roof contingency clause sample.

Be cautious about hiring a company that stands to profit by installing a new roof to do an inspection. Many home inspectors will not walk on a roof due to the possibility of damage and liability if the roof is damaged so some buyers hire a separate roofing company to conduct a roof inspection. Inspections for structural and mechanical matters pests including wood boring insects lead paint mold asbestos radon gas other hazardous substances underground. The buyers offer is contingent upon a satisfactory inspection within ten 10 days.

What are the pros of a roofing contingency contract. An inspection contingency also called a due diligence contingency gives the buyer the right to have the home inspected within a specified time period such as five to seven days. The buyer and buyer s consultants shall have the right of access to the property for the purpose of conducting a home inspection at reasonable times upon twenty four 24 hours advance notice to the seller s agent. For example you might say the buyer is responsible.

Prepare a clause for the contingency that states you have the right to cure any issues the home inspector finds and set a base price limit. The home inspection or due diligence contingency clause is designed to allow the buyer to back out of the transaction based on the home inspector s report. The inspection contingency addendum allows the buyer of real estate to opt out of a purchase agreement if they should find material defects in the property. Before you write them off as all bad there are some positives that come with using a roofing contingency contract.

This agreement comprises the entire agreement between company and homeowner. Upon receipt of the results of such inspection the buyers may request in writing at any time within that ten 10 day period that the sellers make certain repairs or that the sellers reduce the sales price to compensate for such defect s. It s in the buyer s best interests to use this addendum to allow home inspectors electricians plumbers or any other contractors to inspect the premises. Example home inspection contingency.

This agreement shall be governed by the laws of the state of georgia.