What is the purpose of a 'state of repair' clause in a real estate transaction?
A) to relieve the seller of any liability for hidden defects in the property
B) to require the seller to notify the buyer of any defects that would impact its decision to purchase the property
C) to require the seller to ensure the condition of the property remains unchanged until closing
D) to require the seller to repair hidden defects in the property

Question

Quizplus · Accepted Answer

The 'state of repair' clause is designed to ensure that the property's condition does not deteriorate from the time the sale agreement is signed until the transaction is closed, thereby protecting the buyer's interests.

What Is the Purpose of a 'State of Repair' Clause