Inspection Objection Notice {NTC43}

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (NTC43-6-16) (Mandatory 1-17) THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING. INSPECTION OBJECTION NOTICE Date: This Inspection Objection Notice relates to the contract dated ___________________, between (Seller) and (Buyer) relating to the sale and purchase of the Property known as: (Contract). Terms used herein shall have the same meaning as in the Contract. 1. BUYER'S INSPECTION OBJECTION NOTICE. 1.1. 1.2. Buyer gives notice to Seller that that the Property or Inclusions are unsatisfactory. Description of what is unsatisfactory that Buyer requires Seller to correct: If more space is required, attached are additional pages. NOTE: Resolution of inspection or other items agreed to by the parties may alter the terms of the Contract and require disclosure by Buyer to Buyer's lender. Buyer is encouraged to consult Buyer's lender prior to entering into a final resolution on inspection as well as other matters as the resolution may (1) have a detrimental impact on the Buyer's ability to get the loan; (2) cause delays in the lender's processing and funding of the loan by Closing; and (3) require further inspections and repairs. Communication with the lender should be in writing. 1.3. Inspection Report Is Is Not attached. If Buyer and Seller have not agreed in writing to a settlement of the above matters on or before the Inspection Resolution Deadline, the Contract will terminate unless Seller receives written notice from Buyer withdrawing this Inspection Objection Notice on or before expiration of the Inspection Resolution Deadline. Buyer 40 41 42 43 44 45 46 Date Buyer Date 2. BUYER'S WITHDRAWAL OF INSPECTION OBJECTION NOTICE. Buyer withdraws this Inspection Objection Notice and elects to proceed with the Contract. Buyer 47 Date Buyer Date NTC43-6-16. INSPECTION OBJECTION NOTICE American LegalNet, Inc. www.FormsWorkFlow.com Page 1 of 1