The Michigan Agreement for Termite Inspection of Improvements and Corrective Work is a legal document that outlines the terms and conditions for conducting termite inspections, improvements, and corrective work on a property located in Michigan. This agreement is specifically designed to address the specific requirements and regulations set forth by the state of Michigan in relation to termite inspections. The purpose of this agreement is to protect both the buyer and the seller of a property from any potential issues related to termite infestations or damage. By signing this agreement, both parties agree to adhere to the terms and conditions outlined within, ensuring a thorough and professional inspection process as well as the completion of any necessary improvements or corrective work. Some key elements included in the Michigan Agreement for Termite Inspection of Improvements and Corrective Work are: 1. Parties: This section identifies the buyer, seller, and any other relevant parties involved in the real estate transaction. 2. Inspection: This outlines the responsibilities of the termite inspection company, including conducting a comprehensive inspection of the property, identifying any termite infestations or damage, and providing a detailed report of their findings. 3. Improvements: If termite infestation or damage is found, this section specifies the improvements that need to be made to rectify the situation. It may include recommendations for treatment methods, repairs, or any other necessary actions. 4. Costs: The agreement clearly outlines who are responsible for the costs associated with the termite inspection, improvements, and any corrective work. It may specify whether the buyer or the seller bears the financial obligation. 5. Timelines: This section specifies the timeframe for completion of the inspection, improvements, and corrective work. It ensures that all parties are aware of when the work needs to be completed, allowing for a smooth real estate transaction. It is important to note that there may be different types or versions of the Michigan Agreement for Termite Inspection of Improvements and Corrective Work, depending on the specific requirements set by different municipalities within Michigan. These variations may include additional clauses or specifications to accommodate local regulations and practices. In conclusion, the Michigan Agreement for Termite Inspection of Improvements and Corrective Work outlines the responsibilities and expectations of both the buyer and the seller in relation to termite inspections and related work. This legally binding document helps protect all parties involved, ensuring a thorough and professional inspection process, and timely completion of any improvements or corrective work needed.