Special Forms Update: Private Well and/or Septic Inspection Contingency Addendum Revised
Effective September 15, 2018, NVAR’s K1360 – Private Well and/or Septic Inspection Contingency Addendum has been updated to permit the parties to designate either the Buyer or Seller as the responsible party for the Septic Inspection. The form was also revised to create additional protections for the Buyer in the event the Seller is responsible for the Septic Inspection but fails to perform the Septic Inspection or make timely delivery of the Septic Inspection Report. Some of the terminology was updated to coincide with regulatory standards. The revised form allows the parties to mutually identify the Septic Inspector during contract negotiations. Finally, the revisions clarify Seller’s responsibility to remove impediments to the Septic Inspection.
View the educational version of the form here.
Courtesy of the Northern Virginia Association of REALTORS