The rest of this document will focus on providing a large amount of information on the terms of this agreement. It is strongly recommended that both parties be given sufficient time to verify this information responsibly. Some of these items also require attention. The first “X. Survey”, which gives the buyer the right to obtain a real estate survey before the closing date. The first space in this section defines the last day this is allowed by asking how many days before closing such an action must be completed before it is no longer allowed. Therefore, if the seller does not authorize a survey conducted when the diploma is three days away, enter the number “3”. If the buyer expects the seller to remedy the defects up to a certain number of days before closing, note how many days before closing, if all of these corrective measures are to be affected by the seller in the second empty line. It is a similar task that we will accomplish in “XII Title”.
Start by recording the number of days the buyer has after receiving the title search report to object (in writing) to questions they deem unacceptable in the first blank line. In the second empty field, enter the number of days from the date the buyer`s objections are received that the seller can address and correct the issues reported in the title search report. In “XIII State of Ownership” we must set the last calendar date on which the buyer notifies Professional for the inspection of the premises.
