BUYER INSPECTION CONTINGENCY REMOVAL / NOTIFICATION
(Amendment to Purchase and Sale Agreement)
1
2
3
4
5
6
7
8
9
10
11
The undersigned parties agree to and accept this inspection amendment to the Purchase and Sale Agreement with a
Binding Agreement Date of ________________________ (“Agreement”) for the purchase and sale of the real property
commonly known as: __________________________________________________________________________________
as follows (SELECT ONE OF THE OPTIONS BELOW. THE SECTIONS NOT CHECKED WILL NOT BE PART OF
THIS AGREEMENT):
□
1.
Buyer has made any and all inspections available under the Inspection section of the Purchase and Sale Agreement
and is exercising Buyer’s right to immediately TERMINATE this Agreement with all Earnest Money refunded to
Buyer. Buyer is hereby providing a list of written specified objections which Buyer has discovered in good faith.
As additional consideration for Buyer’s right to terminate, Buyer shall deliver to Seller or Seller’s representative,
upon Seller’s request, a copy of all inspection reports pursuant to the Agreement. An Earnest Money
Disbursement and Mutual Release of Purchase and Sale Agreement is attached;
12
LIST OF SPECIFIED OBJECTIONS:
13
14
15
16
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
17
OR
18
19
20
21
□
22
OR
23
24
25
26
□
2.
Buyer has made any and all inspections available under the Inspection section of the Purchase and Sale Agreement
and ACCEPTS the property in its present AS IS condition with any and all faults and no warranties expressed or
implied. Seller has no obligation to make repairs. However, Buyer has not waived their rights under the Final
Inspection paragraph of the Purchase and Sale Agreement;
3.
Buyer has made any and all inspections available under the Inspection section of the Purchase and Sale Agreement
and is furnishing a written list of items which Buyer requires to be repaired and/or replaced with like quality or
value in a professional and workmanlike manner prior to the Final Inspection. Upon Seller’s request, Buyer shall
submit a copy of any supporting documentation or any portion thereof substantiating any item listed.
27
LIST OF ITEMS TO BE REPAIRED AND/OR REPLACED:
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
47
OR
Copyright 2013 © Tennessee Association of Realtors®
F4 – Buyer Inspection Contingency Removal / Notification, Page 1 of 2
Version 1/01/2013
48
49
□
4.
Buyer WAIVES any and all inspection contingencies available under the Inspection section of the Purchase and
Sale Agreement except as to the Final Inspection section of the Purchase and Sale Agreement.
50
51
It is agreed by the parties hereto that all of the other terms and conditions of the aforementioned Agreement shall remain in
full force and effect other than as specifically modified herein.
52
The party(ies) below have signed and acknowledge receipt of a copy.
53
54
_____________________________________________
BUYER
_____________________________________________
BUYER
55
56
_______________ at __________ o’clock □ am/ □ pm
Date
_______________ at __________ o’clock □ am/ □ pm
Date
57
The party(ies) below have received and
58
□ ACCEPTED this Inspection Contingency Removal/Notification and agree to the above terms.
59
□ COUNTERED this Inspection Contingency Removal/Notification with Inspection/Repair Counter Proposal.
60
61
_____________________________________________
SELLER
_____________________________________________
SELLER
62
63
_______________ at __________ o’clock □ am/ □ pm
Date
_______________ at __________ o’clock □ am/ □ pm
Date
NOTE: This form is provided by TAR to its members for their use in real estate transactions and is to be used as is. By downloading and/or using this form,
you agree and covenant not to alter, amend, or edit said form or its contents except as where provided in the blank fields, and agree and acknowledge that
any such alteration, amendment or edit of said form is done at your own risk. Use of the TAR logo in conjunction with any form other than standardized
forms created by TAR is strictly prohibited. This form is subject to periodic revision and it is the responsibility of the member to use the most recent
available form.
Copyright 2013 © Tennessee Association of Realtors®
F4 – Buyer Inspection Contingency Removal / Notification, Page 2 of 2
Version 1/01/2013