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  • Inspection Contingency Addendum - Jim Miner

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INSPECTION CONTINGENCY ADDENDUM This form approved by the Minnesota Association of REALTORS , which disclaims any liability arising out of use or misuse of this form. 2009 Minnesota Association of.

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How to fill out the INSPECTION CONTINGENCY ADDENDUM - Jim Miner online

The inspection contingency addendum is a crucial document in real estate transactions, ensuring that buyers can thoroughly inspect a property before finalizing a purchase. This guide will walk you through the process of filling out the INSPECTION CONTINGENCY ADDENDUM - Jim Miner online, making it easier for users of all experience levels to complete the form accurately.

Follow the steps to successfully complete the addendum.

  1. Click the ‘Get Form’ button to access the inspection contingency addendum document and open it for editing.
  2. In the first section, enter the date when the addendum is being filled out. Make sure to use the correct format as specified on the form.
  3. Specify the parties involved in the purchase agreement by writing the names of the buyer and seller in the designated spaces.
  4. Fill in the address of the property being inspected. Ensure that all details are accurate to avoid any confusion later.
  5. Review the terms of the inspection. It's important to note that inspections must be completed by a qualified inspector of the buyer's choice, at their expense.
  6. Indicate whether the buyer agrees to allow intrusive testing during inspections by checking the appropriate box, either 'Does' or 'Does Not.'
  7. Specify the number of business days allocated to complete inspections in the designated section. Clarify the time frame for both buyer and seller.
  8. If issues arise from the inspection, the buyer must provide written notification to the seller within the timeframe indicated in the form, describing the identified issues and proposed remedies.
  9. Complete all signature fields at the end of the form. Gather signatures from all parties involved, including dates, to validate the document.
  10. Once all sections are completed and reviewed, save the changes made to the addendum. You may then choose to download, print, or share the finalized form with relevant parties.

Complete your documents online today for a smoother real estate transaction!

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An inspection contingency clause states something like, “Buyer's obligation to purchase is contingent upon Buyer's inspection and approval of the condition of the property.” Another variation states that the Buyer may hire a home inspector to inspect the property and that the Seller must fix any issues found by the ...

A contingency is a potentially negative future event or circumstance, such as a global pandemic, natural disaster, or terrorist attack. By designing plans that take contingencies into account, companies, governments, and individuals are able to limit the damage done by such events.

A contingency clause should clearly outline what the condition is, how the condition is to be fulfilled, and which party is responsible for fulfilling it. The clause should also provide a timeframe and what happens if the condition is not met.

Filling Out the Inspection Contingency Addendum Template Indicate the parties. Write down all the information from the buyer and seller. ... Indicate the property. Write down the date of the original purchase agreement and the address of the property that is being sold. Indicate the inspection closing date. ... Signatures.

It's important to understand removing the inspection contingency means that you give up your right to ask the seller to lower the price, provide a credit for the needed repairs, or make the repairs before closing if the inspection report uncovers major defects.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232