Well Water Flow and/or Quality Tests Addendum Addendum to Contract for Purchase and Sale of Real Estate Between
_____________________________ AND _____________________________
Regarding the property located at:
This Agreement is contingent upon (1) a potability water quality test to meet the standards of the New York State Department of Health to be performed by a New York State approved laboratory; (2) any chemical, metal, inorganic, or other tests as the Purchaser may request; and (3) a flow test to be performed indicating a minimum flow of sufficient quantity to (strike one):
(a) Obtain mortgage financing on subject property or;
(b) To produce ______ gals. per minute for ______ hours.
These tests are to be completed on or before _______________ and at Purchaser's expense. This contingency shall be deemed waived unless Purchaser shall notify _______________________, in writing, by certified or registered mail, return receipt requested, postmarked no later than _______________________, or by personal service by such date, of the failure of either of these tests. If the Purchaser so notifies, and further supplies written confirmation by a copy of the inspection report, or letter from the inspector, then this entire Agreement shall be deemed cancelled, null and void, and all deposits made hereunder shall be returned to Purchaser.
_______________________________ ______________________________
Purchaser Date Seller Date
_______________________________ ______________________________
Purchaser Date Seller Date This document and accompanying materials are designed to provide authoritative information in regard to the subject matter covered in it. It is for illustration purposes only and presented with the understanding that the author and publisher are not engaged in rendering legal, accounting or other professional opinions. If legal advice or other expert assistance is required, the services of a competent professional should be sought. |
