Additional contingency

removal clauses
This is an addendum to the following agreement:
_____ Residential Purchase Agreement and Receipt for Deposit
_____ Mobile Home Purchase Agreement
_____ other_________________________________________________________________________

Dated __________, 20 ___, on the property known as: _______________________________________________________________

in the City of ___________________________________________ County of ____________________________________ in which
_______________________________________________________________________________________ is referred to as "Buyer"
and ___________________________________________________________________________________ is referred to as "Seller".

Buyer notifies the Seller that the following contingencies, initialed by Buyer(s), have been satisfied,
waived, or approved, in accordance with the terms of the Agreement.
PEST CONTROL REPORT
(_____) (_____) Buyer has read and approves the report-dated _______ by ____________________________________________.
(_____) (_____) Buyer waives this contingency without any inspection against the advice of brokers.
BONDS AND ASSESSMENTS
(_____) (_____) Buyer has verified and approves the bonds and assessments shown on the preliminary title report.
PROPERTY TAX BILL
(_____) (_____) Buyer approves the property tax bill.
EXAMINATION OF TITLE
(_____) (_____) Buyer approves the exceptions to title (other than monetary liens to be paid on close of escrow) contained in the title
report on the property.
COMMON INTEREST DEVELOPMENT. Buyer has read and approves the:
(_____) (_____) Governing documents, including the CC&Rs.
(_____) (_____) Budget and Reserve Analysis dated _______________, 20_____.
(_____) (_____) Insurance summary dated _______________, 20_____.
(_____) (_____) Preliminary list of claimed defects, if any.
(_____) (_____) Disclosure re delinquent assessments, pending special assessments, and pending litigation.
(_____) (_____) Minutes of previous_________months of director meetings.
CONTINGENT ON SALE OF BUYER'S PROPERTY
(_____) (_____) Buyer's property at ___________________________________________________________________________ has
sold and is in escrow at ______________________________ Title Company, and is scheduled to close on _______________. The
contract is still contingent on the successful close of escrow of Buyer's property.
(_____) (_____) Buyer waives the sale contingency provision in its entirety. Buyer's ability to purchase is not contingent on sale or
close of any property, and Buyer provides reasonable proof of ability to perform (attached).
EXISTING LOANS
(_____) (_____) Buyer approves the terms of the note(s) and deed(s) of trust being assumed or taken subject to.
RENTAL PROPERTY
(_____) (_____) Buyer has read and approves the existing leases and rental agreements, including any outstanding claims or notices,
with estoppel certificates.
(_____) (_____) Buyer has read and approves the statement of rental income and expenses, including existing deposits.
(_____) (_____) Buyer has read and approves the service and equipment rental contracts, which run beyond close of escrow.
(_____) (_____) Buyer has inspected and approves the condition of all rental units.
The undersigned agree to and acknowledge receipt of a copy hereof.

Dated: __________, 20 ___ Buyer ________________________________________________

Dated: __________, 20 ___ Buyer ________________________________________________

Receipt by Seller.

Receipt of a copy of the above waiver is hereby acknowledged.

Dated: __________, 20 ___ Seller ________________________________________________

Dated: __________, 20 __ _ Seller ________________________________________________

Each Office is Independently Owned and Operated. Equal Housing Opportunity. © 1996 CENTURY 21 Alpha. All rights Reserved.
Nothing herein may be reproduced in whole or in part without written permission from CENTURY 21 Alpha.