In order to avoid the possibility, or even the appearance, of a conflict of interest, it is recommended that lessees not pay the cost of the inspection report on behalf of a buyer. If the licensee paid, the inspector could be suspected of not wanting to jeopardize the transaction of the person paying the licensee, who may or may not request his services in the future, depending on the findings of the inspection report. 7. “Weasel” clauses. A buyer wants as many contingencies or “weasels” clauses as possible. If the buyer can withdraw from a contract without breaking, he gets his serious money back. My philosophy is that the less serious money you find, the less you will need a weasel clause. If you need it, here are my favorites: In a number of developments, the developer has entered into a contract to rent the parking stands/collective warehouses to himself or to a company related to the developer. After the lease of the joint property, the developer then enters into agreements with buyers in which the developer sublets and transfers one or more stands/warehouses to a buyer. The developer may charge a fee for all sublets or only request additional parking/lockers.
However, if the property has been used to grow cannabis or produce illicit substances and the buyer is willing to accept the condition of the property “as intended”, RECBC recommends that such a clause be signed as part of a separate document from the purchase and sale agreement before the offer is made. In recent years, property inspections have become more frequent in the market before the purchase. Recbc considers this to be a positive development, as a property inspection helps the buyer understand the condition of the property before the purchase and what repairs may be needed. In order to avoid confusion, licensees must use the following clause: an aid to the seller is almost like a credit in which the seller agrees to bear part of the additional costs normally borne by a buyer. While it seems strange that a seller pays a fee to sell their home, it`s quite common. Sometimes a buyer may also be willing to pay a little more for the house if the seller agrees to pay more for closing costs….