Am I entitled to a copy of the inspection reportif the buyer cancels thepurchase contractbecause of it?
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Am I entitled to a copy of the inspection reportif the buyer cancels thepurchase contractbecause of it?
A buyer rented my house while waiting for the finality of a divorce, with intentions to buy it. We had a makeshift rental agreement drawn up w/language stating that the renter intended to purchase the property for the specified price. We also had language in the agreement such as “at the time renter purchases the property, etc…” After nearly 1 year and no divorce the renter/buyer finally ordered an inspection, then claimed that it failed. One of the items the renter mentioned was one we were willing to fix. However, the renter moved out and gave us no more info. Am I entitled to a copy?
Asked on August 15, 2011 Ohio
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
You are entitled to the copy of the inspection report forming the basis of the buyer's refusal to close escrow on your property for the following reasons:
1. to verify that the buyer has legitimate reasons to not close escrow on the property;
2. for your own future disclosure requirements of this property to other potential buyers.
You should write the buyer requesting a copy of this inspection report for your home stating the specific reasons for your request and that it be provided to you by a specific date in order for you to consider cancellation of the escrow for this particular buyer's purchase of your home.
If not provided by this stated time, the buyer should be advised in writing that you intend that he close escrow and that you are able, ready and willing to do all that is necessary to close the transaction and if he fails to comply, you will avail yourself of all of your legal remedies.
Good luck.
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