The COMPANY agrees to conduct an inspection for the purpose of informing the CLIENT of major defi ciencies in the condition of the property, subject to the UNCONDITIONAL RELEASE AND LIMITED LIABILITY below. Home inspectors are licensed by the NYS Department of State. Home Inspectors may only report on readily accessible and observed conditions as outlined in this pre-inspection agreement, Article 12 B of the Real Property Law and the regulations promulgated there under including, but not limited to, the Code of Ethics and Regulations and the Standards of Practice as provided in Title 19 NYCRR Subparts 197-4 and 197-5 et seq. Home inspectors are not permitted to provide engineering or architectural services. If immediate threats to health or safety are observed during the course of the inspection, the client hereby consents to allow the home inspector to disclose such immediate threats to health or safety to the property owner and/or occupants of the property. The inspection and report are performed and prepared for the sole, conditional and exclusive use and possession of the CLIENT. The written report will only include the following:
It is understood and agreed that Home Inspectors may only report on readily accessible and observed conditions as outlined in the

standards of practice and limited to visual observations of apparent conditions existing only at the time of the inspection. Latent and concealed defects and defi ciencies are excluded from the inspection: equipment, items, and systems will not be dismantled.

Maintenance and other items may be discussed, but they are not a part of the inspection. The report is not a compliance inspection or certifi cation for past or present government codes or regulations of any kind.

The inspection and report do not address and are not intended to address the possible presence of or danger from any potentially harmful substances and environmental hazards, including but not limited to radon gas, lead paint, asbestos, mold, mildew, urea formaldehyde, toxic or fl ammable chemicals, and water and airborne hazards. Also excluded are inspections of and reports on swimming pools, wells, septic systems, security systems, central vacuum systems, water softeners, sprinkler systems, fi re and safety equipment, and the presence or absence of rodents, termite, animal/rodent waste and other insects.

It is understood and agreed that the COMPANY is not an insurer and that the inspection and report are not to be intended or construed as a guarantee or warranty of the adequacy, performance, or condition of any structure, item or system at the property address.

The CLIENT hereby releases and exempts the COMPANY and its agents and employees of and from all liability and responsibility for the cost of repairing or replacing any unreported defect or defi ciency and for any consequential damage, property damage, or personal injury of any nature.

In the event the COMPANY and/or it’s agents or employees are found liable due to a breach of the contract, breach of warranty, negligence, negligent misrepresentation, negligent hiring or any other theory of liability, then the liability of the COMPANY and it’s agents and it’s employees shall be limited to the sum equal to the amount of the fee paid by the CLIENT the COMPANY for the inspection and report.

Any dispute, controversy, interpretation or claim including claims for, but not limited to, breach of contract, any form of negligence, fraud or misrepresentation arising out of, from or related to this contract or arising out of, from or related to the inspection and inspection report shall be submitted for fi nal and binding arbitration under the Rules and procedures of the American Arbitration Association. CLIENT agrees to pay all required fi ling fees. The decision of the Arbitrator appointed thereunder shall be fi nal and binding and judgment on the Award may be entered in any court of competent jurisdiction.

In the event of litigation relating to the subject matter of this Agreement, the non-prevailing party shall reimburse the prevailing party for all reasonable attorney fees and costs resulting therefrom.

The parties acknowledge that each of them has had ample opportunity for their own counsel to participate in negotiating and drafting this Agreement. Therefore, no rule of construction shall apply to this Agreement that construes ambiguous or unclear language in favor of or against any party.”

Any claim arising out of or related to any act or omission of the Inspector in connection with the inspection of the property shall be made in writing and reported to the Inspector within fourteen (14) business days of discovery and to allow Inspector a reasonable opportunity to reinspect the issue giving rise to the claim before undertaking any repairs. Client agrees that a failure to comply with the terms of this paragraph shall constitute a waiver of such claim.

This Agreement shall be binding upon and inure to the benefi t of the parties hereto and their respective spouses, heirs and successors.”

This Agreement constitutes the entire agreement of the parties with respect to the subject matter thereof, and supersede all prior negotiations, agreements and understandings with respect thereto. This Agreement may only be amended by a written document duly executed by all parties and shall be construed and enforced in accordance with the laws of the New York.

The failure by one party to require performance of any provision shall not affect that party’s right to require performance at any time thereafter, nor shall a waiver of any breach or default of this Contract constitute a waiver of any subsequent breach or default or a waiver of the provision itself.

Any dispute, controversy, interpretation or claim including claims for, but not limited to, breach of contract, any form of negligence, fraud or misrepresentation arising out of, from or related to this contract or arising out of, from or related to the inspection and inspection report shall be commenced within one year of the date of the inspection, without regard to the date the breach is discovered. Any action not brought within that one-year time period shall be barred, without regard to any other limitations period set forth by law or statute

CLIENT and COMPANY agree that should a court of a competent jurisdiction determine and declare that any portion of this agreement is void, voidable or unenforceable, the remaining provisions and portions shall remain in full force and effect.

I HAVE CAREFULLY READ, AGREED AND UNDERSTOOD THIS AGREEMENT.