Q: With the MD "as is" addendum, does the buyer have the right to terminate with no inspection.
I am the seller. They buyer's realtor says they are terminating the contract because of the house's oil tank. They did not have the oil tank inspected. Can they just terminate without inspecting it?
A:
An attorney would need to look at the specific Contract and Addenda at issue before drawing a conclusion on the rights of the parties. Sometimes a contract is written giving a buyer a general right to terminate if dissatisfied after inspections -- in that case, there is usually not much a seller can do if the buyer decides to exercise their rights to back out so long as notice is given in the time frames and ways described in the contract. How your particular contract was written is unknown.
While not legal advice I hope this general information offers some help.
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