Contracts
Vermont's real estate purchase contract may include a radon inspection contingency, which allows the buyer to:
ATest for radon after closing
BTest for radon and negotiate remediation or exit the contract if levels exceed EPA action levels✓ Correct
CRequire the seller to provide a radon certificate
DSkip the radon test entirely
Explanation
A radon contingency gives the buyer the right to test for radon during the due diligence period. If levels exceed EPA action level (4 pCi/L), the buyer may negotiate mitigation or exit the contract.
Related Vermont Contracts Questions
- A Vermont 'notice to perform' or 'cure notice' in a real estate transaction is used when:
- Under Vermont contract law, mutual assent means:
- An addendum to a Vermont purchase contract is:
- A Vermont buyer makes an offer to purchase a home. The seller responds with a 'counter-offer' at a higher price. The buyer's original offer is now:
- Vermont's 'tenancy clause' in a purchase contract specifies:
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- Vermont's 'seller's use and occupancy agreement' (rent-back) after closing allows:
- Vermont's 'seller's remedies for buyer's default' may include:
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