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The specifics will vary from one contract to the next. But a standard clause will usually indicate who -- buyer or seller -- will order and pay for a wood-destroying pest report and who will pay for needed repairs.
The Five Elements of a ContractOffer.Acceptance.Consideration.Capacity.Lawful Purpose.
A contract of sale lists all the relevant information pertaining to the sale of a property, including such things as names and address of the buyer and seller, conditions of the sale and inclusions. Once signed, is a legally binding agreement between the purchaser and the seller.
Distinguish between the two main parts in a standard form contract for the sale of real estate. Two sections of a standard form contract are the negotiated items that need to be "filled in," and the standard provisions that seldom need to be negotiated.
Therefore, California courts have held that the effect of an as-is provision is to cause the buyer to take the property in the condition visible or observable to him. As explained by one court, an 'as is' provision may be effective as to a dilapidated stairway but not as to a missing structural member, a
Florida is a great place for termites to flourish, so it is important to perform a termite inspection regularly. A termite inspection, or as it called by the State of Florida, Termite and Other Wood Destroying Organism Report (WDO Report), is required and strongly recommended when purchasing a home.
Anyone buying a home or condo in Florida should get a thorough inspection before their closing. In fact, every standard residential real contract in Florida has a provision giving the buyer an inspection period to determine if the property is acceptable to the buyer.
What kind of inspection do you need in Florida? Many prospective buyers seek an inspector who performs a Four Point Inspection, which includes a review of the heating, ventilation, and air conditioning (HVAC) systems, the electrical panels and wiring, the plumbing fixtures and connections, and the roof.
Among the terms typically included in the agreement are the purchase price, the closing date, the amount of earnest money that the buyer must submit as a deposit, and the list of items that are and are not included in the sale.
As leading pest and termite control experts in the region, many home and business owners ask us "is termite protection necessary in Florida?" The answer is that "yes, it absolutely is necessary", and the reality is that effective termite prevention and control can save you quite a bit of money in otherwise costly