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INSPECTION CONTINGENCY ADDENDUM This Inspection Contingency Addendum (Addendum) made on, 20 shall amend the agreement created on, 20 (Agreement) for the property located at City of, State of (Property)
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How to fill out inspection contingency addendum

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How to fill out inspection contingency addendum

01
Obtain a copy of the inspection contingency addendum form from your real estate agent or the appropriate agency.
02
Read the form carefully to understand the terms and conditions.
03
Prior to signing the addendum, schedule a professional inspection of the property.
04
Review the inspection report thoroughly and identify any issues or concerns.
05
Fill out the addendum by providing details about the inspection and any necessary repair or negotiation requests.
06
Include specific deadlines for the completion of repairs or negotiations.
07
Sign and date the addendum, ensuring all parties involved also sign the document.
08
Submit the completed addendum to the relevant parties, such as the seller or their agent.
09
Keep a copy of the addendum for your records.

Who needs inspection contingency addendum?

01
Buyers who are purchasing a property and want the opportunity to conduct a professional inspection before finalizing the purchase.
02
Sellers who are open to potential repair or negotiation requests based on the inspection findings.
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Inspection contingency addendum is a document attached to a real estate contract that allows the buyer to conduct inspections of the property within a certain timeframe.
The buyer is usually required to file the inspection contingency addendum.
The inspection contingency addendum can be filled out by the buyer with the help of their real estate agent or attorney.
The purpose of the inspection contingency addendum is to protect the buyer by giving them the opportunity to identify any issues with the property before finalizing the purchase.
The inspection contingency addendum must include details about the inspections that will be conducted, the timeframe for completing the inspections, and any potential remedies if issues are found.
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