Contracts
Under the Colorado CBS contract, if the buyer wishes to terminate during the inspection objection period, the buyer must:
AA. Provide only verbal notice to the seller
BB. Provide written notice to terminate before the inspection objection deadline, or the right to terminate is waived✓ Correct
CC. Wait until after the closing date to cancel
DD. Only terminate if the inspector finds structural defects
Explanation
In the Colorado CBS contract, the Inspection Objection Deadline is a firm date. The buyer must deliver written notice of termination before that deadline to preserve their right to terminate and receive the earnest money refund. Failure to provide timely written notice waives the buyer's right to terminate on this basis.
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