Is radon a deal breaker?

The presence of radon doesn't have to be a deal breaker, especially if there's a radon mitigation system in the home. It just helps to be prepared.

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Radon Inspection Clauses: Contract for Real Property

Radon Inspection Clauses: Contract for Real Property

Name: Radon Inspection Clauses: Contract for Real Property
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.79 (312 reviews)

Category:

Contracts - Clauses

State:

Multi-State

Control #:

US-C-CL-575-1

Format:

Instant download

Description

A clause dictates the conditions under which the contract is legally enforceable and determines the terms of the contract. Contracts often contain boilerplate clauses or standard clauses found across most contracts. These standard clauses do not require a lot of negotiation. Included is a Sample Radon Inspection Clauses for a Contract for Real Property. Buyer Delivers to Seller a copy of the radon testing report. It confirms the presence of radon that equals or exceeds the action level established by the EPA together with either A or B. Radon Inspection Clauses: Contract for Real Property are clauses that are added to a real estate contract in order to protect the buyer from any health risks associated with radon gas. Radon is a naturally occurring radioactive gas that is known to be hazardous to human health. Radon can enter homes through cracks in the foundation, flooring, walls, or other openings. There are several types of Radon Inspection Clauses: Contract for Real Property, including: • A “radon disclosure clause” which requires the seller to disclose any known information regarding radon gas in the home. • A “radon testing clause” which requires the seller to have the home tested for radon gas by a certified inspector prior to sale. • A “radon remediation clause” which requires the seller to remediate any hazardous levels of radon gas found in the home prior to sale. • A “radon warranty clause” which guarantees that the home is free from hazardous levels of radon gas for a certain period of time.

Radon Inspection Clauses: Contract for Real Property are clauses that are added to a real estate contract in order to protect the buyer from any health risks associated with radon gas. Radon is a naturally occurring radioactive gas that is known to be hazardous to human health. Radon can enter homes through cracks in the foundation, flooring, walls, or other openings. There are several types of Radon Inspection Clauses: Contract for Real Property, including: • A “radon disclosure clause” which requires the seller to disclose any known information regarding radon gas in the home. • A “radon testing clause” which requires the seller to have the home tested for radon gas by a certified inspector prior to sale. • A “radon remediation clause” which requires the seller to remediate any hazardous levels of radon gas found in the home prior to sale. • A “radon warranty clause” which guarantees that the home is free from hazardous levels of radon gas for a certain period of time.

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FAQ

The best thing to do is to test for radon now and save the results. In most instances, radon testing and mitigation are not mandatory, however, radon test results are subject to real estate disclosure laws.

Real Estate Contingencies Contingencies can include details such as the time frame (for example, ?the buyer has 14 days to inspect the property?) and specific terms (such as, ?the buyer has 21 days to secure a 30-year conventional loan for 80% of the purchase price at an interest rate no higher than 4.5%?).

Radon reduction systems work. In most homes, use of radon-reducing features will keep radon levels to below 2 pCi/l. An effective radon mitigation system can reduce the radon level in your home by up to 99 percent.

What's a real estate licensee's responsibility regarding radon? Advise all buyers to have homes tested for radon, regardless of the location.

Radon can seep into any home that is in contact with the ground. It is undetectable unless you perform a radon test. It is the second leading cause of lung cancer and ing to the EPA and CDC, it kills more than 20,000 annually. It is not something you want in the home you are buying.

The presence of radon doesn't have to be a deal breaker, especially if there's a radon mitigation system in the home. It just helps to be prepared.

Radon levels can almost always be reduced, so if you like a home, you should buy it. Radon is not a good reason to walk away from the deal. The issue is negotiable between the buyer and the seller, and there are a lot of options to consider.

Fix the home if the radon level is 4 picocuries per liter (pCi/L) or higher. Radon levels less than 4 pCi/L still pose a risk and, in many cases, may be reduced. Take steps to prevent device interference when conducting a radon test.

More info

This Contract is contingent upon Buyer obtaining, at Buyer's expense, a radon inspection, within days after acceptance, exclusive of that date. Radon testing and reduction information for non-real estate situations.An inspection contingency is a critical part of a real estate contract. Home inspection contingency. This clause involves the window of time the buyer has to get the property professionally inspected. For real estate transactions, the radon test is conducted during the inspection period. That the Buyer is unable to obtain a loan on the real property, this contract shall be null and void and. To Contract of Sale between Buyer. "Seller to install radon mitigation system using contractor acceptable to all parties. Follow up radon test to be completed at seller expense.

Radon Inspection Clauses: Contract for Real Property

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