A buyer in Northampton County, PA includes a contingency for satisfactory review of the property's Certificate of Occupancy (CO). The municipality issues a report showing code violations that must be corrected before a CO can be issued. Under the contingency, who is typically responsible for correcting the violations?
Correct Answer
B) The seller is typically responsible for delivering the property with a valid CO or correcting violations
When a PA Agreement of Sale includes a CO contingency, the seller is typically responsible for ensuring the property meets code requirements and can receive a valid Certificate of Occupancy. Existing code violations are the seller's responsibility to correct.
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Previous Question
A seller in Pennsylvania accepts an offer that includes a home sale contingency. Two weeks later, the seller receives a better offer from another buyer without any contingencies. Under the PAR Sale of Buyer's Property Contingency Addendum, what process must the seller follow?
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A buyer in Westmoreland County has an inspection contingency that expires in 5 days. The buyer has not yet scheduled an inspection. On day 4, the buyer asks the seller for a 10-day extension. The seller refuses. What happens?