What's New on Page 6

16. TERMITE INSPECTION: No more options for a 60-day-old termite report. All reports must now be dated within 30 days of closing.

17. REPAIRS: New sentence explicitly states that if Property is sold “as is,” Purchaser will be responsible for all repairs.

18. DAMAGE OR LOSS. This paragraph is identical to Pargagraph 15 in the 1999 Sales Contract.

19. TITLE: Purchasers are advised to seek legal counsel as to how they should take title to the property. Sentence on Special Assessments is moved to end of the paragraph (to make it easier to find).

20. POSSESSION DATE: Language added requiring keys to be delivered at Settlement.

21. FEES: “Appropriate” is changed to “Purchaser’s” when referring to legal fees to be paid by the Purchaser.

22. BROKER’S FEE: UNCHANGED FROM 1999.
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