This offer is conditional upon the Purchaser completing within ten (10) Working days from the date of this Agreement a due diligence investigation of the Property on the terms and conditions satisfactory to the Purchaser in all respects including without limitation title, compliance with the local council, and other authority requirements, the raising of finance, and any other matter which the Purchaser in their sole discretion may decide to investigate.
The Vendor undertakes and agrees to allow the Purchaser and its consultants full access to the Property for the purposes of the due diligence investigation and to provide the Purchaser with any information held relating to the Property relevant to the due diligence investigation.
This clause is inserted for the sole benefit of the Purchaser and the Purchaser may waive it by giving written notice to the Vendor. Satisfaction of this clause will be at the sole discretion of the Purchaser and if this clause is not satisfied the Purchaser will not be obliged to disclose any reason for non-satisfaction and any deposit paid must immediately be refunded in full.
*Warning. This clause is not independent legal advice and you should consult with your own lawyer about entering into any agreement with this clause.
**Please note, the Purchaser needs to take all reasonable steps to fulfill this due diligence condition. Without going into any case law, this means you need to make some effort e.g. instructing your lawyer to review legal documents, arranging finance etc.
***Please make sure when you email the real estate agent to request this due diligence condition is included in your offer, make sure you mention you only require this due diligence condition. Click here to see how to make an offer with this due diligence condition.
