Contracts (alternative)
A Maryland home inspection contingency typically gives the buyer the right to:
ARequest any improvement to the property the buyer desires
BTerminate the contract or negotiate repairs if unacceptable conditions are found✓ Correct
CExtend the settlement date indefinitely pending repairs
DRequire the seller to obtain a new certificate of occupancy
Explanation
A home inspection contingency allows the buyer to have the property professionally inspected and, if unsatisfactory conditions are found, to negotiate for repairs, credits, or price reductions, or to terminate the contract.
Related Maryland Contracts (alternative) Questions
- In Maryland, the 'merger doctrine' in real estate contracts states that:
- A Maryland real estate contract requires mutual assent, which means:
- A Maryland new construction contract typically includes a specification sheet that:
- In Maryland, a seller who accepts two offers on the same property simultaneously has:
- In Maryland, a seller who accepts a contingent offer but continues to receive offers keeps them as:
- In Maryland, the phrase 'time is of the essence' in a purchase contract means that:
- In Maryland, a real estate contract signed under duress is generally:
- Maryland's Residential Property Disclaimer means the seller is stating:
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