A buyer in Allegheny County enters into a PA Agreement of Sale. The agreement provides for the buyer to obtain a wood-destroying insect (termite) inspection. The inspection reveals active termite infestation. Under the standard PAR provisions, who is responsible for treatment costs?
Correct Answer
A) Treatment responsibility is negotiated between the parties as part of the agreement
Under the PAR Agreement of Sale, the responsibility for wood-destroying insect treatment costs is a negotiable term between the buyer and seller. The standard form allows the parties to agree on who will pay for treatment if an infestation is discovered.
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Under the PAR Agreement of Sale, all of the following are obligations of the buyer under the mortgage contingency EXCEPT:
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