The San Bernardino California Termite Report Provision for Contract for the Sale and Purchase of Real Property is a crucial part of any real estate transaction in the area. This provision ensures that both the buyer and seller are aware of any existing termite infestations or damages in the property and outlines the responsibilities and actions that need to be taken in such cases. In San Bernardino, there are two primary types of termite reports that are relevant to the Contract for the Sale and Purchase of Real Property: 1. Section 1 Termite Report Provision: This provision focuses on addressing active termite infestations, current damages caused by termites, and conditions that are deemed to be conducive to future infestations. The Section 1 includes a detailed description of the necessary termite treatments, repairs, and corrections required to rectify any infestation or damage. It specifies that the seller will be responsible for the costs associated with these repairs. 2. Section 2 Termite Report Provision: This provision deals with conditions that are deemed conducive to termite infestations but do not currently have active infestations or damages. It indicates that the seller is not obligated to repair or treat these conditions but identifies them for the buyer's knowledge. This section allows the buyer to have a better understanding of the property's potential termite risks, although no immediate action is required. The San Bernardino California Termite Report Provision for Contract for the Sale and Purchase of Real Property aids in protecting both the buyer and the seller. It ensures that all parties are aware of any existing termite issues and establishes a transparent framework for addressing these concerns. By clearly identifying the responsibilities and necessary repairs, this provision helps to streamline the real estate transaction process and promote fair and informed negotiations between the involved parties.
San Bernardino California Termite Report Provision for Contract for the Sale and Purchase of Real Property
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How to fill out San Bernardino California Termite Report Provision For Contract For The Sale And Purchase Of Real Property?
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