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Updated about 3 years ago, 09/17/2021
Can seller terminate contract due to environmental defects in IL?
Can the seller terminate contract due to environmental defects in ILLINOIS?
Following a mold inspection, we (buyers) found out that there is mold in the house. After we gave our Inspection Response, the seller;
- first, refused to negotiate
-Then, they sent us a message saying that they are terminating the contract based on the following:
"244 environmental repair(s)at Closing. In the event either Seller or Buyer elects to terminate the
245 Contract due to an environmental defect as provided herein, the non-terminating Party shall
246 be obligated to sign the document terminating this Contract, and the Earnest Money shall be
247 refunded to Buyer. "
Can the seller do that? We have until 9/10 to negotiate. Is it legal?