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An explanation of Pennsylvania Agreement of Sale Part 5
PA Agreement of Sale part 5
Part 1
Part 2
Part 3
Part 4
Part 6
Part 7
Part 8
Part 9
Page 5 of the Agreement of Sale is quite simple. I always find that pages 1 thru 4 take the longest to complete, after that it moves much faster.
Paragraph 12 handles Wood Infestation inspection contingency. Obviously this can be waived or elected. If waived our usual paragraph 27 the Release is agreed upon as well.
If elected the number of days is selected again running from the execution of the contract. Paragraph A says the inspection is at the buyer's expense and will be carried out within the contingency period selected. It is limited to all readily visible and accessible areas of all structures on the property except fences and any structures which are identified. If there is active infestation Paragraph B states buyer can at their own expense obtain within the contingency period a proposal for treatment. Paragraph C states buyer again at his own expense may obtain a written report and proposal for repair if there is any damage from active or previous infestation dealing with repairs limited to that damage caused by the infestation all to be done in the contingency period. ... more

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