How loose is the Property Inspection/Right to Cancel clause on an AS IS purchase agreement in FL
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How loose is the Property Inspection/Right to Cancel clause on an AS IS purchase agreement in FL
We seller accepted an offer on 1/11/19 from a buyer through her agent for the sale of our condo in Florida. It is a standard
Asked on January 23, 2019 under Real Estate Law, Florida
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
In a standard inspection clause, the buyer must inspect, because the cancellation is only if problems with the home are discovered; an inspection clause is not an open-ended right to terminate the agreement for any reason. While you need to read the inspection claue or contingency to see exactly what it says (since contracts are enforced as per their plain language), if it is standard provision, it will not let her cancel without conducting an inspection and finding problems.
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