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Addendum to Purchase Agreement Buyer's Home Inspection Mnbar Form

Addendum to Purchase Agreement Buyer's Home Inspection Mnbar Form

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Instructions and help about Addendum To Purchase Agreement Buyer's Home Inspection Mnbar

the inspection contingency addendum modifies a purchase contract between the seller and the buyer of real estate to give the buyer the option to inspect the property in order to acquire a test report by any reputable professional in each respective field such as home inspectors electricians and plumbers the buyer may not be allowed to repudiate the contract based on a deficiency that does not substantially affect the conditions of the property for example a deficiency in the structure of the property that affects the integrity of the building may be considered a substantial and material damage to the property and will allow the buyer to opt out of the original purchase agreement upon conclusion of the inspection the buyer may either give notice of the defect to the seller to negotiate or fix the defect or waive any requirements in regard to the condition of the property generally when a defect or damage to the property is found the seller is given a determined amount of days to fix or

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