1 2 3 4 5 6 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (NTC43-8-10) (Mandatory 1-11) THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING. INSPECTION NOTICE 7 8 9 10 11 12 13 14 15 16 Date: This document affects the Contract dated , (Seller) and relating to the sale and purchase of the Property known as: Terms used herein shall have the same meaning as in the Contract. 1. , between (Buyer) . BUYER’S NOTIFICATION OF UNSATISFACTORY PHYSICAL CONDITION. 17 (Buyer to check only one box) 18 19 20 21 22 1.1. Notice to Terminate. Pursuant to § 10.2.1 of the Contract, Buyer notifies Seller that the Contract is terminated because the physical condition of the Property or Inclusions is unsatisfactory to Buyer. 1.2. Notice to Correct. Pursuant to § 10.2.2 of the Contract, Buyer notifies Seller that Buyer requires Seller, on or before , to correct or resolve the following unsatisfactory physical conditions of the Property or Inclusions: 23 24 25 26 27 28 29 30 31 32 33 If more space is required, attached are A copy of the inspection report Is additional pages. Is Not provided in conjunction with this Notice. Pursuant to § 10.3 of the Contract, if Buyer and Seller have not agreed in writing to a settlement of the above matters on or before the Inspection Resolution Deadline, the Contract will terminate unless Seller receives written notice from Buyer withdrawing this Notice to Correct no later than before expiration of the Inspection Resolution Deadline. Buyer Date Buyer Date 34 35 36 37 Seller Agrees Counters Seller Rejects to correct all items in § 1.2. Date Seller Date 38 NTC43-8-10. INSPECTION NOTICE Page 1 of 2 American LegalNet, Inc. www.FormsWorkFlow.com 39 40 2. SELLER’S ALTERNATIVE RESOLUTION: 41 42 43 44 Seller 45 46 47 48 Buyer Date Agrees Counters Buyer Seller Date Rejects the proposed Alternative Resolution in Part 2 of this Notice. Date Buyer Date 49 50 51 52 53 54 55 56 57 3. SURVIVAL. If any agreed upon correction requires action after Closing, the obligations agreed upon shall survive Closing. 4. BUYER’S WITHDRAWAL OF NOTICE TO CORRECT. Buyer withdraws the Notice to Correct and elects to proceed with the Contract. Buyer Date Buyer Date 58 NTC43-8-10. INSPECTION NOTICE Page 2 of 2 American LegalNet, Inc. www.FormsWorkFlow.com