Termite Inspection Clauses: Contract for Real Property are clauses that allow for a termite inspection of a real property prior to the sale or transfer of the property. These clauses can be used to protect both the buyer and seller from potential damage and losses resulting from termite infestations. The clauses can also be used to ensure that the property is free of any infestations, or that any infestations are identified and remedied prior to the sale. There are three main types of Termite Inspection Clauses: Contract for Real Property: 1. Standard Inspection Clause: This clause specifies that the buyer is entitled to have a termite inspection performed on the property by an independent, third-party inspector prior to the sale. The clause also requires the seller to provide the buyer with a copy of the inspection report. 2. Pre-Sale Treatment Clause: This clause allows the buyer to require the seller to have the property treated for termites prior to the sale. The buyer can also require that the seller provide proof of treatment in order to complete the sale. 3. Warranty Clause: This clause allows the buyer to require the seller to provide a warranty that the property is free of any existing or future infestations. The buyer can also require that the seller provide proof of the warranty in order to complete the sale.
Termite Inspection Clauses: Contract for Real Property
Description
How to fill out Termite Inspection Clauses: Contract For Real Property?
Preparing legal paperwork can be a real burden unless you have ready-to-use fillable templates. With the US Legal Forms online library of formal documentation, you can be confident in the blanks you find, as all of them correspond with federal and state regulations and are verified by our experts. So if you need to prepare Termite Inspection Clauses: Contract for Real Property, our service is the best place to download it.
Obtaining your Termite Inspection Clauses: Contract for Real Property from our library is as easy as ABC. Previously registered users with a valid subscription need only sign in and click the Download button after they find the proper template. Later, if they need to, users can take the same blank from the My Forms tab of their profile. However, even if you are new to our service, registering with a valid subscription will take only a few minutes. Here’s a quick instruction for you:
- Document compliance verification. You should attentively examine the content of the form you want and check whether it suits your needs and complies with your state law regulations. Previewing your document and looking through its general description will help you do just that.
- Alternative search (optional). Should there be any inconsistencies, browse the library through the Search tab on the top of the page until you find an appropriate blank, and click Buy Now when you see the one you need.
- Account creation and form purchase. Register for an account with US Legal Forms. After account verification, log in and select your most suitable subscription plan. Make a payment to proceed (PayPal and credit card options are available).
- Template download and further usage. Select the file format for your Termite Inspection Clauses: Contract for Real Property and click Download to save it on your device. Print it to fill out your paperwork manually, or take advantage of a multi-featured online editor to prepare an electronic copy faster and more efficiently.
Haven’t you tried US Legal Forms yet? Sign up for our service today to get any official document quickly and easily whenever you need to, and keep your paperwork in order!
Form popularity
FAQ
This ?termite letter?, or termite inspection report for closing is formally known as the Official Georgia Wood Infestation Inspection Report in the state of Georgia, and it must be completed by a licensed pest control professional who is specifically trained in detecting active infestations, inactive infestations, and
A record of termite infestation can reduce your resale value - even if the problem has been controlled. ing to many experts, you may take a 20% hit in terms of your market value or asking price. This is understandable as these pests can cause extensive structural damage.
A termite letter in Georgia is called an ?Official Georgia Wood Infestation Inspection Report,? provided by a licensed pest control professional. Georgia homeowners should expect to pay between $100 and $200 for their termite letter.
Though ?termite damage? can sound scary for buyers, you can take five steps as a seller to calm their concerns: Pay for a pest inspection.Disclose known issues (even if you're not required to by law)Handle the repairs before you list the home on the market.Offer a warranty to bring peace of mind to potential buyers.
Importance of a Termite Letter in Georgia A termite letter is a document that confirms a home for sale has been inspected for any signs of wood-destroying insects and organisms.
However, a termite warranty is well worth the cost of protecting your home. The average cost of a termite repair is around $3,000. Some termite repairs can cost tens or even hundreds of thousands of dollars, so a warranty is well worth the cost.
In most cases, termite damage shouldn't be a deal-breaker, unless you find that: ? There is an active and unresolved termite infestation. ? There is extensive and unresolved structural damage to the home caused by termites.
If you receive a ?clear? termite letter, it is essentially a 90-day letter that states that the home does not appear to have any active termites. If termites are found within the 90 days, the termite company is responsible for performing an adequate treatment in the home at no cost to the homeowner.
If the seller isn't willing to make repairs, then you can either walk away from the sale (with a contingency) or negotiate further. This can include getting quotes from licensed contractors and requesting that the seller provide the amount as a cash credit that can be applied toward your closing costs.
