If any problems exist and the buyer is still interested in the home, cost estimates should be received to better evaluate the need for further negotiation."(1) a copy of any plats, declarations, covenants, conditions and restrictions burdening the Property, and (2) if a title insurance commitment is required to be furnished.If the agreements is not legally recorded it must be disclosed by the seller to the buyer by this date.Responsible Party: Buyer Date Range : 2-5 Days after acceptance Contract Section: 10c Contract Language: "This contract is conditioned upon Buyer's satisfaction, in Buyer's subjective discretion, with the availability, terms, conditions and premium for property insurance.
It includes information about when each event should reasonably be completed, so you can use it as a checklist to make sure you haven't missed an important legal step.
These issues must be listed along with a proposed action for the seller to remedy.
This is a negotiation and both parties will need to agree on a resolution by the Resolution deadline listed below or the contract will terminate.
(Reference contract section 8-a) Responsible Party: Buyer Date Range : Same as Title Objection Deadline Contract Section: 8d Contract Language: "In the event the Property is located within a special taxing district and Buyer desires to terminate this contract as a result, if written notice is received by Seller on or before Off-Record Matters Objection Deadline (§ 2c), this contract shall then terminate.
If Seller does not receive Buyer's notice by such date, Buyer accepts the effect of the Property's inclusion in such special taxing district and waives the right to terminate." Explanation : Written notice of any unsatisfactory condition(s) disclosed by Seller or revealed by Off-Record Matters Deadline shall be signed by Buyer and given to Seller on or before this date.