By allowing this type of contingency the seller has accepted the risk that the contract may not close. Lead Paint Contingency Federal law requires that sellers of homes built prior to 1978 notify the buyer of any knowledge or inspections that they may have regarding lead paint. We have touched on the most common termination clauses in standard realestate contracts in Texas. The seller may want to receive compensation from the buyer for the delay in selling [...] Inspections are done within the option period.
Westchester Real Estate
Information is deemed reliable but not guaranteed.