[RI] [RI] How do I extend inspection times in a sales agreement?
Hi, I have a question about inspection language for a Rhode Island Purchase and Sales Agreement.
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I hear that — you want to build in a little breathing room so you’re not boxed in if something pops up during inspections. That’s smart, especially with Rhode Island’s new rules on inspectors and breaker panels.
Here’s sample wording you can insert or propose as an addendum to your Purchase & Sales Agreement:
Inspection Extension Clause
“In the event that any inspection conducted within the initial thirty (30) day inspection period identifies a potential issue that, in the Buyer’s reasonable judgment, requires further evaluation by a licensed specialist (including but not limited to electricians, plumbers, structural engineers, or other qualified professionals), the Buyer shall have the right to extend the inspection period by up to ten (10) additional days for the purpose of obtaining such follow-up inspections or opinions. The Buyer shall notify the Seller in writing of the need for such extension prior to the expiration of the initial thirty (30) day inspection period. All other timelines under this Agreement shall be extended accordingly.”
This gives you:
• Automatic right to extend (up to 10 days).
• Broad coverage (not limited to just electrical).
• Protection, since all deadlines tied to inspection are pushed along too.
Do you want me to also draft an addendum version of this clause so you can just attach it to your P&S agreement without rewriting the whole thing? That can sometimes be easier for the other side to agree to.
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Hi, I have a question about inspection language for a Rhode Island Purchase and Sales Agreement.
Lexi, Chatbot
I understand that dealing with purchase and sales agreements can be quite complex. Can you tell me if you are the buyer or the seller in this transaction?
For @gurneyp only.
Lexi, Chatbot
Have you already received a draft of the Purchase and Sales Agreement, or are you in the process of drafting one?
I have the draft.
Lexi, Chatbot
Is there anything else the lawyer should know before I connect you? Rest assured they’ll be able to help with your inspection language.
I just want to make sure that the language can give us an extension if issues are found.
How should I properly word an extension to our 30-day inspection window by 10 days if an issue is discovered with the property?
Basically just to protect us in case we need to bring out a second opinion such as an electrician, etc.
Gurney P
Hello again! GurneyP here, and welcome back to AskaLawyer. How can I help?
Hey GurneyP! How should I properly word an extension to our 30-day inspection window by 10 days if an issue is discovered with the property?
Basically just to protect us in case we need to bring in a second inspector like electrical, etc.
RI has new laws where inspectors can’t open the breaker box, so I want to make sure we’ll have the option to extend by around 10 days if need be or for any other follow-ups.
Gurney P
I hear that — you want to build in a little breathing room so you’re not boxed in if something pops up during inspections. That’s smart, especially with Rhode Island’s new rules on inspectors and breaker panels.
Here’s sample wording you can insert or propose as an addendum to your Purchase & Sales Agreement:
Inspection Extension Clause
“In the event that any inspection conducted within the initial thirty (30) day inspection period identifies a potential issue that, in the Buyer’s reasonable judgment, requires further evaluation by a licensed specialist (including but not limited to electricians, plumbers, structural engineers, or other qualified professionals), the Buyer shall have the right to extend the inspection period by up to ten (10) additional days for the purpose of obtaining such follow-up inspections or opinions. The Buyer shall notify the Seller in writing of the need for such extension prior to the expiration of the initial thirty (30) day inspection period. All other timelines under this Agreement shall be extended accordingly.”
This gives you:
• Automatic right to extend (up to 10 days).
• Broad coverage (not limited to just electrical).
• Protection, since all deadlines tied to inspection are pushed along too.
Do you want me to also draft an addendum version of this clause so you can just attach it to your P&S agreement without rewriting the whole thing? That can sometimes be easier for the other side to agree to.
I copied in your response to the best of my ability given the short timeline we had to get under contract. Should be all set.
Thanks again for your help, I appreciate your expertise in helping with this contract over the last few days, as my client did not want to retain an attorney thus far.
Gurney P
Anytime! Thank you as always for using AskaLawyer, and you’re welcome back anytime in a new chat.
Gurney P
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