Real Estate Shingles Document

REAL ESTATE SHINGLES DOCUMENT

Parties

Property Identification

Property Address:

Shingle & Roof Information (Seller Representations)

Shingle Manufacturer:

Shingle Type and Profile:

Approximate Age of Shingles (years):

Last Replacement / Substantial Repair Date: Month Day Year

Disclosures (Seller to indicate Yes or No)

Has the roof been replaced within the last 10 years? Yes No

Are there any known active leaks? Yes No

Has the roof sustained storm damage or hail damage in the past five (5) years? Yes No

Has any insurance claim been filed for roof damage? Yes No

Are original warranty documents available and transferable to Buyer? Yes No

Were required permits obtained for roof work? Yes No

Are there visible signs of mold, rot, or structural deterioration in roof framing or decking? Yes No

Are there any mechanical penetrations, skylights, solar arrays or other equipment mounted on the roof? Yes No

Inspection, Remedies & Financial Terms

Buyer inspection period (number of days following effective date):

Complete repairs prior to Closing at Seller's expense
Allow an escrow holdback for repairs in the amount: $
Receive a purchase price credit in the amount: $

If escrow holdback applies, proposed release date for holdback funds:

Warranties, Records and Transfer

Seller shall deliver to Buyer, at or prior to Closing, copies of all available roof-related records, invoices and warranty documents: Yes No

Seller represents that to the best of Seller's knowledge the stated disclosures are true and complete and that there are no undisclosed material defects of the roof other than those specifically identified herein. Seller's representations are subject to the limitations of Seller's actual knowledge and are not guarantees beyond such knowledge.

Indemnification, Default and Remedies

Seller shall indemnify and hold Buyer harmless from any undisclosed roof liens, unpaid roofing contractor claims, or other third-party claims arising from roof work performed prior to Closing, provided Buyer notifies Seller in writing within thirty (30) days of discovery.

In the event of Seller's material breach of the representations in this document, Buyer may elect, as its sole remedies, (a) require Seller to complete repairs at Seller's expense prior to Closing, (b) accept a negotiated credit or holdback as provided above, or (c) terminate the underlying purchase contract if such breach is material and cannot be cured within a reasonable time prior to Closing.

Additional Provisions

Survival: The representations and warranties contained in this Real Estate Shingles Document shall survive Closing for a period of one (1) year, except for matters involving fraud which shall survive as permitted by law.

Entire Agreement; Governing Law: This document, together with any incorporated terms of the purchase agreement, constitutes the entire agreement between the parties with respect to the subject matter hereof. This document shall be governed by and construed in accordance with the laws of the state in which the Property is located.

Execution: This document may be executed in counterparts and by electronic signature, each of which shall be deemed an original and which together shall constitute one instrument.

Acknowledgement

By signing below, Seller certifies under penalty of perjury that the statements made in this Real Estate Shingles Document are true and correct to the best of Seller's knowledge. Buyer acknowledges receipt of the disclosures and the opportunity to inspect the roof and related records during the inspection period.

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