Buyer and Seller Response To Property Inspection
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Transcript of Buyer and Seller Response To Property Inspection
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8/7/2019 Buyer and Seller Response To Property Inspection
1/2
Louisiana Real Estate Commission
BUYER RESPONSE TO PROPERTY INSPECTION
PROPERTY DESCRIPTIONMunicipal Address Subdivision
Lot Number City Parish
RESIDENTIAL AGREEMENT TO BUY AND SELLDated
Name of Buyer
Name of Seller
Name of Buyer
Name of Seller
Inspections allowed by the Residential Agreement to Buy and Sell have been completed. The reports and the conditions statedtherein are satisfactory and hereby approved by BUYER .
Inspections allowed by the Residential Agreement to Buy and Sell have been completed. The reports and the conditions statedtherein are unsatisfactory and hereby not approved by BUYER . Deficiencies and the desired remedies are listed below:
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BUYERhas attached a copy of all applicable inspection reports. Remedy of any or all of the deficiencies listed herein are to be madeat SELLERexpense.
SELLERshall respond in writing within seventy-two (72) hours after receipt of this Buyer Response to Property Inspection, or withinseventy-two (72) hours after SELLER DESIGNATED AGENThas received this Buyer Response to Property Inspection, whichever isearlier. Seller response shall be made on the Seller Response to Property Inspection form (Page 2) .
If SELLERrefuses to remedy any or all of the deficiencies listed herein, BUYERshall have seventy-two (72) hours from the date of theSeller Response to Property Inspection, or from the date that such response was due, whichever is earlier, to (a) accept the SellerResponse to Property Inspection, or (b) accept the Property in its current condition, or (c) terminate the Residential Agreement to Buyand Sell. BUYERresponse shall be made on the Buyer Final Response form (Page 2).
If BUYER fails to respond in writing to the Seller Response to Property Inspection within the seventy-two (72) hours specified herein,or if BUYERelects to terminate the Residential Agreement to Buy and Sell, the Agreement shall be automatically ipso facto null andvoid, with no further action required by either party, except for return of the Deposit to the BUYER.
This agreement does not void any prior written agreement between the parties for the correction or repair of other propertydeficiencies that are not listed herein, and any prior written agreement shall remain binding on the parties.
Buyer Signature
Buyer Signature
Date/Time
Date/Time
Seller Designated Agent Signature Date/Time
Page 1 of 2
Acknowledgement of Receipt
Jude Thomas SmithDigitally signed by Jude Thomas SmithDN: cn=Jude Thomas Smith, o=sharpMLS.com andHelpMeSell.com, ou=Real Estate (Flat Fee),[email protected], c=USDate: 2010.03.01 14:08:00 -06'00'
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8/7/2019 Buyer and Seller Response To Property Inspection
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