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Disclosure Laws >Disclaimer Clauses

Before the professional inspects the home that you are buying, you will be asked to sign an acknowledgment of the scope of the inspection. This document will probably include a disclaimer clause designed to relieve the company of responsibility if they should miss a defect. What happens if a defect is missed during an inspection?

The disclaimer clause may get the inspection company off the hook for a defect if there is no visual indication of a problem. If the inspector clearly indicated that he was not checking for that problem--many inspectors do not check for dry rot or inspect roofs--then the recourse will be limited. If negligence is involved, or if the defect should have been obvious to a professional inspector, the disclaimer is not likely to protect the inspector. If you find an undiscovered defect, discuss the matter with the inspector. Depending on the situation, the responsibility for remedying the problem may rest with you, the sellers, and/or the inspector.

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Q	What does "contingency" mean in real estate?
A	A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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The Larry Chappell Team, REALTOR®, real estate agent and broker for Ft. Campbell, Clarksville and Sango, Tennessee home listings, property and land for sale - NUMBER1EXPERT(tm)

The Larry Chappell Team
ERA Chappell & Associates Realty, LLC.
1347 Ft. Campbell Blvd.
Clarksville, TN 37042
931-552-2412
Fax: 931-245-6000
larrychappell@NUMBER1EXPERT.com

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