Definition
This contract rider defines how long you have to inspect the property, what happens if you find issues, and how the two of you will resolve repair requests. It clarifies the inspection process.
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Addendum details inspection contingency. Specified timeframe for inspection. Inspection reports provided. Repair negotiations process. Cure periods defined. Contingency removal conditions. Professional language critical. State-specific requirements apply. Clear terms prevent disputes. Both parties sign. Modification to original contract. Essential for clarity.
Pro Tip
Your inspection addendum should clearly define rights and timelines for everyone.
Example
Inspection addendum specified 10-day period and repair negotiation process.