property condition addendum or clause

0.01 sec.

A clause in a real estate purchase contract permitting the buyer to cancel the contract without penalty or loss of the earnest money if an inspection reveals defects. Wise sellers will insert a basket clause, specifying that minimal defects, such as those that would cost no more than $500 to repair,may not be grounds for cancellation and that anything estimated to cost between $501 and $2,000 (or wherever the seller's comfort level is) may be repaired by the seller within a reasonable time and the contract may not be cancelled.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		Financial browser	?		Full browser	?
No references found			Project Loan Certificate Project Loan Securities Project Loan Security Project Loans Project Note Project Notes Projected Benefit Obligation Projected Maturity Date projection projection period Projeto de lei Promediar a la baja Promediar al alza Promediar precio por compras regulares Promedio Promedio de ingresos Promedio variable Promissoria comercial de fidelidade promissory note Propaganda publicada Propensao marginal a consumir Propensao marginal a investir Propensao marginal a poupar property Property Casualty Insurers Association of America property condition addendum or clause property depreciation property description Property Dividend Property Inventory property line property management property report Property Rights property tax Property, Plant and Equipment Propina suborno Proporcion de acciones ordinarias Proportional Representation proportional tax Proportionate Redemption Proposta em aberto Propriedade Propriedade arrendada Propriedade comercial Proprieta letteraria Proprietary Proprietary Debit Card Proprietary Fund Proprietary Information proprietary lease			Property Asset Tracking System Property Authorised Investment Funds Property Based Improvement District Property Before-Tax Cash Flow property bond Property Book Property Book Identification Code Property Book Non-Commissioned Officer Property Book Officer Property Book Unit Supply - Enhanced Property Book Unit Supply Enhanced Property boundaries Property Care Association Property Casualty Property Casualty Insurers Property Casualty Insurers Association of America Property Casualty Insurers Association of America Property Casualty Insurers Association of America Property Casualty Insurers Association of America Property Casualty Insurers Association of America Property Casualty Underwriters Club property centre Property Change Control Request Property Claim Law Associate Property Claim Services Property Claims Agreement Property Classification and Accounting Property Clearance Assessment property condition addendum or clause Property Condition Assessment Property Condition Disclosure Act Property Condition Disclosure Statement Property Condition Index Property Condition Report Property Construction and Project Management Property Control and Inventory Unit Property Control Number Property Control Office Property Control System Property Control System Analysis Property Council New Zealand Property Counselors Management Group Property Custodial Officer Property Custody and Depreciation Property damage Property damage Property Damage Accident Property Damage Auto Accident property damage insurance property damage insurance Property Damage Only Property Debt Liquidation Group property depreciation property description property detector

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.