Removing Contingencies In California, there is a process of “active contingency removal.” This means buyers must remove them in writing. In other words, a contingency is not automatically removed. This applies even if the time frame for their removal passes.
A home inspection contingency means that the buyer's offer only stands dependent on the results of a home inspection. Within the formal offer, the contingency should include timeline details when it comes to getting the inspection completed. You can raise objections to the seller, and re-negotiate based on the results.
Inspection Contingency It covers the buyers' physical inspection and the title report or homeowner's association documents. Generally, buyers have 17 days to remove the inspection contingency.
The contingency period typically lasts 30 days, but it varies by state. If you're buying a house, your agent will help you navigate all of this—especially if there are any contingencies on your end that need to be met before moving forward with a transaction.
If the seller wants to enforce the deadline, they may send a Notice to Buyer to Perform, and then cancel the contract if the buyer still does not remove the contingencies.
“Day(s)” or “day(s)” means calendar day(s) unless otherwise specified in Contract. For the purpose of computing time periods, the first Day will be the Day following Delivery; and. The time period will end at p.m. on the Day specified.