Page 1 of 1 M. DEFECTIVE DRYWALL
CR-4 Rev. 9/15 © 2015 Florida Realtors® and The Florida Bar. All rights reserved.
Comprehensive Rider to the
Residential Contract For Sale And Purchase
THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR
If initialed by all parties, the clauses below will be incorporated into the Florida Realtors®/Florida Bar Residential Contract
For
Sale And Purchase between (SELLER)
and (BUYER)
concerning the Property described as
Buyer’s Initials ___________ ___________ Seller’s Initials ___________ __________
M. DEFECTIVE DRYWALL
During the time Florida was experiencing building material shortages, some homes were built or renovated using drywall
imported from or manufactured in China or elsewhere which reportedly emit levels of sulfur, methane and/or other volatile
organic compounds that cause corrosion of air conditioner and refrigerator coils, copper tubing, electrical wiring, computer
wiring and other household items as well as create noxious odors which may also pose health risks (“Defective Drywall”).
1. Seller’s Knowledge: Except as indicated below, Seller has no actual knowledge of the presence of Defective Drywall
or the existence of any information, records, reports, or other documents pertaining to Defective Drywall affecting the
Property: (describe all known Defective Drywall information and list all available documents pertaining to Defective
Drywall and provide documents, if any, to Buyer before accepting Buyer’s offer)
2. Defective Drywall Inspection: (Check One):
(a)
Buyer waives the opportunity to conduct a risk assessment or inspection for the presence of Defective Drywall
and accepts the Drywall in the Property in its existing condition.
(b)
Buyer, at Buyer’s expense, may have a home inspector, licensed contractor or other licensed professional (if
required by law) to conduct an inspection or risk assessment of the Property for the presence of Defective Drywall
within __________ (if left blank, then 15) days from the Effective Date (“Drywall Inspection Period”). If the drywall
inspection or risk assessment reveals the presence of Defective Drywall or reveals damage to the Property
resulting from the Defective Drywall and the cost to remove/replace the Defective Drywall or damage resulting
from the Defective Drywall exceeds $_______________ (if left blank, $500.00), Buyer may cancel this Contract
by giving written notice to Seller on or before expiration of the Drywall Inspection Period. If Buyer timely
terminates this Contract, the Deposit shall be refunded to Buyer; thereby releasing Buyer and Seller of all further
obligations under this Contract, except as provided in Paragraph 3 below. If Buyer fails to timely cancel or fails to
conduct the inspections permitted in this Paragraph, Buyer may not terminate this Contract pursuant to this
Addendum.
IF NEITHER BOX IS CHECKED, THEN OPTION (b) SHALL BE DEEMED SELECTED.
3. Repair of Inspection Damages to Property: Buyer shall be responsible for prompt payment for such inspections
and repair all damages to the Property resulting from the inspections.
4. Professional Advice: Buyer acknowledges that Broker has not conducted any independent investigations to verify
the accuracy or completeness of any representations about Defective Drywall made by Broker or Seller. Buyer agrees
to rely solely on Seller, professional inspectors, governmental agencies or any third parties retained by the Buyer
regarding any issue related to Defective Drywall.
This software is licensed to [Cynthia Benchick - Charles Rutenberg Realty LLC] www.transactiondesk.com.
