Here’s a comprehensive list of potential questions about the Septic Inspection, Well Inspection, and Property Monument Addendum, with explanations for each:
- What is the purpose of the Septic, Well, and Property Monument Addendum?
It outlines the agreements between buyer and seller regarding the inspection, repair, and verification of a property’s septic system, water well, and property boundary monuments before or during escrow.
- Who is responsible for ordering the inspections?
The addendum specifies whether the buyer, seller, or both will arrange for septic, well, and monument inspections, helping avoid confusion or delays.
- Who pays for these inspections?
It clarifies cost responsibility. In some cases, sellers agree to cover inspection fees; in others, the buyer pays. Local custom or negotiation often determines this.
- When must these inspections be completed?
The addendum includes deadlines to ensure the inspections are completed within the contingency period, preventing last-minute delays to closing.
- What happens if the inspection reveals a defect or non-compliance?
It explains whether the seller will repair the issues, provide a credit, or if the buyer can cancel the contract without penalty.
- What is the definition of a “passing” septic or well inspection?
Clarifies acceptable standards, such as compliance with local health department codes or water quality safety standards.
- What if the property monument markers are missing or incorrect?
Details the process for confirming property boundaries and the steps to take if monuments are moved, missing, or reveal encroachments.
- Are there regulatory requirements for septic or well inspections in this area?
Some counties or states mandate inspections during a transfer of ownership. The addendum can confirm compliance with these legal requirements.
- What documentation must be provided after the inspections?
The addendum outlines the inspection reports, lab results, or surveyor’s notes that must be delivered to the buyer or both parties.
- Does this addendum affect the close of escrow date?
If inspections or repairs are delayed, the addendum may allow an extension of escrow or contingency removal deadlines.
Disclaimer:
The questions and answers provided are for general guidance only and may not cover all details or apply to every situation. If anything is unclear or you need further clarification, please visit car.org for official resources and the most up-to-date information from the California Association of REALTORS®.
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