Financing Contingencies

• Mortgage
• Special Mortgage Provisions: Balloon Payment
• Special Mortgage Provisions: Insured Mortgage (FHA Loan)
• Special Mortgage Provisions: VA Loan
• Special Mortgage Provisions: Direct Loan (WHEDA)
• Special Mortgage Provisions: Direct Loan (FmHA)
• Special Mortgage Provisions: Payment - Interest Only
• Special Mortgage Provisions: Special Principal Payments
• Second Mortgage (Third Party Lender)
• Second Mortgage (Seller Financing Alternate 1)
• Second Mortgage (Seller Financing Alternate 2)
• Open End Mortgage
• Blanket Mortgage
• Assumption
• Land Contract

Inspections, Approvals, and Permits Contingencies

• Map of the Property
• Lot Size and Boundaries/Survey
• Appraisal
• Home Inspection
• Third Party Inspection
• Buyer Inspection
• Approval of Property
• Attorney Approval: Buyer
• Attorney Approval: Seller
• Septic Permit
• Septic Soils Test
• Private Sanitary System Inspection (Alternative 1)
• Private Sanitary System Inspection (Alternative 2)
• Sanitary District Sewer Construction
• Soils Test
• Lateral Hook-up Costs
• Well Water Test (Alternative 1)
• Well Water Test (Alternative 2)
• Well Water Test (Alternative 3)
• Well System Inspection (Alternative 1)
• Well System Inspection (Alternative 2)
• Active or Abandoned Wells
• Termite/Pest Inspection
• Code Compliance
• Rental Weatherization: Buyer to Pay Costs of Certificate
• Rental Weatherization: Buyer and Seller to Share Costs of Stipulation
• Highway Access
• Land Use Approval (Rezoning, Permit, or License)
• Zoning Classification Confirmation
• Joint Driveway/Well
• Shared Driveway
• Shared Well
• Private Covenants and Private Building and Use Restrictions (Alternative 1)
• Private Covenants and Private Building and Use Restrictions (Alternative 2)
• Private Covenants and Private Building and Use Restrictions (Alternative 3)
• Testing

Contingencies Related to the Sale or Purchase of Other Property

• Sale of Other Property by Buyer
• Sales of Buyer's Property/Subject to Sale: No Accepted Offer on Buyer's Property or Accepted Offer with Contingencies Other Than Financing
• Sale of Buyer's Property/Subject to Sale: Accepted Offer on Buyer's Property - Contingency Free or Subject Only to Financing/No Bump Clause
• Priority Clause (Bump Clause)
• Secondary Offer: No Priority Clause
• Secondary Offer: Priority Clause
• Purchase of Other Property by Seller
• Waiver of Contingency

Miscellaneous Provisions

• Repairs (Nondefective Conditions)
• Property Tax Credit (Lottery Credit)
• Lottery Tax Credit
• Property Tax Proration: Individual Property/Areawide Reassessment
• Personal Property: Valuation and Transfer
• Personal Property: Valuation and Transfer (No Monetary Value)
• Personal Property: Valuation and Transfer
• Closing Fees
• Closing Documentation Provisions: Municipal Report/Code Compliance
• Closing Documentation Provisions: Abstract
• Closing Documentation Provisions: Title Insurance/Abstract/Gap Insurance
• Closing Documentation Provisions: Escrow Closing

Representations and Disclosures

• As-Is
• Insulation: New Homes
• Land Use
• Zoning and Building Restrictions, Comprehensive Plans and Nonconforming
• Property
• Legal Nonconforming Use
• Historic Building Status
• Historic District
• Acceptance or Acknowledgment of Defect or Condition Affecting the Property
• Encroachments: Acknowledgment by Buyer
• Water Supply
• Well/Septic: As-Is
• Asbestos, Lead, Lead-Based Paint, and Radon Gas
• Asbestos, Lead, Radon Gas, and Other Hazardous Substances
• Hazardous Substances
• Floodplain, Wetland, and Shoreland Regulations
• Floodplains/Wetlands
• Underground Storage Tanks (Alternate 1)
• Underground Storage Tanks (Alternate 2)
• Underground (UST) and Above Ground Storage Tanks
• Basement Fuel Oil Tanks
• Buyer's Reliance: Buyer's Responsibility to Ascertain Condition of the Property and Material Facts (Alternate 1)
• Buyer's Reliance: Buyer's Responsibility to Ascertain Condition of the Property and Material Facts (Alternate 2)

Disclosures by Broker Contingencies

• Broker is Buyer
• Broker is a Relative of Buyer
• Broker is Seller
• Broker is a Relative of Seller
• Inspections, Tests, Appraisals, and Opinions
• Broker: Disclosure of Personal Interest, Fees, and Profits
• Home Warranty Program (Alternate 1)
• Home Warranty Program (Alternate 2)

Accepting the Contract and Satisfying Contingencies

• Duty to Use Good Faith in Satisfying Contingencies; Waiver of Claims; Hold Harmless from Acts by Inspectors
• Days - Definition
• Days and Hours - Definition
• Acceptance, Amendments, and Notices by Electronic Means
• Delivery/Receipt
• Reading/Understanding of Entire Offer

Rental Properties

• For Rent Sign
• Rental Property
• Occupancy: Occupancy Charge
• Occupancy: Security Deposit
• Occupancy: Insurance
• Occupancy: Utilities
• Occupancy: Maintenance
• Occupancy: Keys
• Occupancy: Use of Property
• Occupancy: Quiet Enjoyment
• Occupancy: Hold Harmless
• Occupancy: Property Taxes
• Occupancy: Not Landlord-Tenant
• Occupancy: Termination

Commercial and Business Offer Provisions

• Commercial: Document Review/Receipt
• Commercial: Environmental Evaluation/Assessment
• Commercial: Inspection
• Business: Document Review/Receipt; Obtaining Licenses and Leases
• Business: Bulk Sales
• Business: Allocation of Purchase Price
• Business Allocation of Purchase Price (Optional)
• Business: Sales Tax

The clause library is available as a downloadable file or on diskette. Click here to order and download the clause library now. Please call the WRA if you wish to order a diskette. You can also access sample contingencies online.