Home Inspection Clauses in Ontario

When purchasing a home, it’s important to have an inspection done on the property. This will ensure that the property is structurally sound and that there are no major problems with it. Home inspection clauses are a part of most buyer agreements in Ontario. In this blog post, we will discuss what they are, how they protect you, and what your lawyer will do when writing one.

Is a home inspection required?

Home inspections are not required by law in Ontario, but they are highly recommended. A home inspection will give you a clear idea of the condition of the property you are interested in purchasing. It is important to remember that a home inspector is looking for major problems with the property. They are not concerned with cosmetic issues such as cracked tiles or chipped paint.

How much are home inspections in Ontario?

Home inspection fees in Ontario vary depending on the size and age of the property. The average fee for a home inspection is between $300 and $500.

If you are purchasing a new home, the builder may offer to include a home inspection as part of the purchase agreement. If this is the case, be sure to get a copy of the report from the builder so that you can review it before making your final decision.

It is important to note that home inspectors are not required by law to be licensed in Ontario. However, many professional organizations, such as The Canadian Association of Home & Property Inspectors (CAHPI) offer certification for qualified inspectors. This certification ensures that inspectors have met certain standards and have completed adequate training.

What’s a home inspection clause?

A home inspection clause is a provision in a buyer agreement that states that the sale of the property is contingent on the results of a home inspection. This means that if the home inspector finds any major problems with the property, you have the right to back out of the sale.

Your lawyer will be able to help you write a home inspection clause into your buyer agreement. This clause will protect you in the event that the home inspector finds any major problems with the property.

If you are purchasing a new home, the builder may already have a home inspection clause included in the purchase agreement. Be sure to review this clause carefully with your lawyer before signing anything.

It is important to remember that a home inspection clause is not a guarantee that there will be no problems with the property. Home inspectors are not perfect and they can miss things. However, having a home inspection clause in your buyer agreement will give you some peace of mind knowing that you have the right to back out of the sale if major problems are found.

The bottom line on inspection clauses in Ontario

Home inspection clauses are a common and important part of buyer agreements in Ontario. They protect you in the event that the home inspector finds any major problems with the property. If you are purchasing a new home, be sure to review the home inspection clause carefully with your lawyer before signing anything. And remember, a home inspection clause is not a guarantee that there will be no problems with the property, but it does give you some peace of mind knowing that you have the right to back out of the sale if major problems are found.

If you have any questions about home inspection clauses or any other aspect of purchasing a home in Ontario, please contact our office. We would be happy to help you through every step of the process.

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