DIAMELA ATENCIO V, INC
ORLANDO, FLORIDA

Because I went to IE Business School (2010) and received an MBA I will bring these skill sets: Business Administration, Management, Leadership         Unfortunately, the Buyer does not maintain any right to reinspect the Property after Hurricane Irma under the FR/BAR after the initial inspection period has expired. However, pursuant to Paragraph 11, "Property Maintenance," the Seller shall has an obligation to maintain the Pro perty, including, but not limited to, the lawn, shrubbery, and pool in the condition existing as of the effective date ("AS  IS Maintenance Requirement"). Therefore, the Seller must keep the property in the same condition existing as of the Effective Date.The Buyer can also perform a walkthrough on the day prior to Closing. Pursuant to Paragraph 12(b), Buyer may perform a walkthrough inspection of the Property...and to verify that Seller has maintained the Property as required by Paragraph 11, as aforementioned. Q: RISK OF LOSS AND SELLERS DUTY TO REPAIR. IF THE PROPERTY IS DAMAGED, IS THE BUYER REQUIRED TO CLOSE? FR/BAR Standard M: If the cost of restoration (including pruning or removing damaged trees) does not exceed 1.5% of the Purchase Price, the Seller is obligated to repair the damage and proceed to closing. In the event the restoration is not completed prior to closing, 125% of the estimate is to be escrowed.  Note:Seller's sole obligation with respect to tree damage by casualty or other natural occurrence shall be the cost of pruning or removal. In the event the damage to the Property exceeds 1.5% of the Purchase Price, the Parties may proceed to closing if they agree. In the event the cumulative damage exceeds 1.5% of the Purchase Price, it is advised that the Seller submit a claim to their homeowner's insurance policy and assign the insurance claim to the Buyer. If the P arties wish to proceed this route, Barry Miller Law can prepare the Seller's assignment of the insurance claim to the Buyer for a flat fee starting at $495.00. The answer to this question is contingent upon the language contained in the Loan Approval. However, keep in mind that under the latest version of the FR/BAR the Buyer doesn't need to provide a copy of the Loan Approval and therefore the Seller may not know the Property related conditions contained in the Loan Approval. Due to this flaw in the Contract, agents should, in the future, include this provision: Buyer shall provide written verification from Buyer's mortgage broker or lender of the Loan Approval, in accordance with the terms set forth in this Contract, to Seller. If Buyer fails to obtain Loan approval within the time set forth and thereby terminates this Contract, Buyer shall provide written verification of same and the reason for such denial to Seller. Our Attorneys are available to assist agents, Buyers and Sellers with questions and drafting need Addendums.  to 313131 (393939 in Canada). For help text HELP