How long does a buyer have to remove repair contingencies after a repair is completed?
Question Details: During inspection, the buyers identified an item to be repaired with receipts provided prior to final walk-through. After repair was completed per ROC, the buyers didn't approve and would like additional work to be completed before signing off. As the seller, I'm not willing to do more work than was necessary. How long does the buyer have to remove contingencies or submit cancel/release form to me? Can I initiate a cancel/release if not completed in a timely manner?
They have until the end of the repair contingency period as set forth in the contract. If they do not cancel by the time that period has expired, they will be deemed to have waived the contingency and to be accepting the property.
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