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New Hampshire Purchase and Sales Agreement and Deposit Receipt Form

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New Hampshire Purchase and Sales Agreement and Deposit Receipt Form Page 2
New Hampshire Purchase and Sales Agreement and Deposit Receipt Form
PURCHASE AND SALES AGREEMENT AND DEPOSIT RECEIPT
New Hampshire Association of REALTORS® Standard Form
10. TAXES,
condo fees, special assessments, rents, water and sewage bills and fuel in storage shall be prorated as of time and
date of closing or
.
11. PROPERTY INCLUDED:
All Fixtures
.
12.
In compliance with the requirements of RSA 477:4-a, the following information is provided to BUYER relative to Radon Gas and
Lead Paint:
RADON GAS
: Radon gas, the product of decay of radioactive materials in rock may be found in some areas of New Hampshire. This
gas may pass into a structure through the ground or through water from a deep well. Testing can establish its presence and equipment
is available to remove it from the air or water.
LEAD PAINT
: Before 1978, paint containing lead may have been used in structures. The presence of flaking lead paint can present a
serious health hazard, especially to young children and pregnant women. Tests are available to determine whether lead is present.
Disclosure Required
YES NO
BUYER
ACKNOWLEDGES
PRIOR
RECEIPT
OF
SELLER
PROPERTY
DISCLOSURE
FORM
ATTACHED
HERETO
AND
SIGNIFIES BY INITIALING HERE: _______________ _______________
13. DUE DILIGENCE:
The BUYER is encouraged to seek information from professionals normally engaged in the business
regarding any specific issue of concern. SELLER'S AGENCY makes no warranties or representations regarding the
condition, permitted use or value of the SELLER'S real or personal property. This Agreement is contingent upon the
following inspections, with results being satisfactory to the BUYER:
TYPE OF INSPECTION: YES NO
RESULTS TO SELLER
TYPE OF INSPECTION: YES NO
RESULTS TO SELLER
a. General Building
within days f. Lead Paint within days
b. Sewage Disposal within days g. Pests within days
c. Water Quality within days h. Hazardous Waste within days
d. Radon Air Quality
within days i. within days
e. Radon Water Quality within days j. within days
The use of days is intended to mean calendar days from the effective date of this Agreement.
All inspections will be done
by professionals normally engaged in the business, to be chosen and paid for by BUYER. If BUYER does not notify SELLER
that the results of an inspection are unsatisfactory within the time period set forth above, the contingency is waived by BUYER.
TIME IS OF THE ESSENCE. If the results of any inspection specified herein reveal significant issues or defects, which were not
previously disclosed to BUYER, then:
(a) SELLER shall have the option of repairing or remedying the unsatisfactory condition(s) prior to transfer of title, so long as
BUYER and SELLER both agree on the method of repair or remedy; or
(b) if SELLER is unwilling or unable to repair or remedy the unsatisfactory condition(s) or BUYER and SELLER cannot reach
agreement with respect to the method of repair or remedy, then this Agreement shall be null and void, and all deposits will be
returned to BUYER in accordance with the procedures required by the New Hampshire Real Estate Practice Act (N.H. RSA
331-A:13); or
(c) BUYER may terminate this Agreement in writing and all deposits will be returned to BUYER in accordance with the
procedures required by the New Hampshire Real Estate Practice Act (N.H. RSA 331-A:13).
SELLER(S) INITIALS
_____________/_____________
BUYER(S) INITIALS
_____________/_____________
© 2008 NEW HAMPSHIRE ASSOCIATION OF REALTORS
, INC. ALL RIGHTS RESERVED FOR USE BY NHAR REALTOR
MEMBERS ONLY. ALL OTHER USE PROHIBITED 01.2008
PAGE 2 OF 5
New Hampshire Purchase and Sales Agreement and Deposit Receipt Form