How to Fill Out Form 525

Form 525 at a glance

What it is: Form 525, the Repair Request Proposal, is in reference to an Agreement to Buy and Sell Real Estate, Residential Rental Agreement, Counter Offer or Other, covering improvements and the real property, business or premises.

Who signs: IN WITNESS WHEREOF, this Agreement has been duly executed by the parties: BUYER/TENANT signs with Date and Time. SELLER/LANDLORD signs with Date and Time.

A filled-in Form 525 example: a buyer asks for two repairs

Form 525 example filled out, example: a buyer asks for two repairs
Dana Sample, a buyer, fills out Form 525 for a house purchase. She ticks the buy and sell agreement and real property, then lists two repairs. The picture shows page 1, and all its values are invented. The other agreement boxes, business and premises stay empty because the sale is of a house. Nothing goes in the 1. Requested repairs attached sheet box because both repairs fit on the lines. Nothing goes in Witness signing because the picture shows page 1.

How to fill out Form 525, box by box

Which agreement and which property

Form 525 example filled out, which agreement and which property

The boxes are Agreement to Buy and Sell Real Estate, Residential Rental Agreement, Counter Offer or Other, and the real property, business or premises.

The property

Form 525 example filled out, the property

Enter the Lot, Block, Section and Subdivision, then the Address, Tax Map #, City, Zip and County of the property, in the State of South Carolina.

1. Requested repairs

Form 525 example filled out, 1. Requested repairs

Buyer/Tenant requests Seller/Landlord to complete the following repairs to the Property; list them under 1. REQUESTED REPAIRS, and check the box if you attach a sheet.

Sign by HAVE READ THIS PAGE

Form 525 example filled out, sign by HAVE READ THIS PAGE

Buyer/Tenant [ ] [ ] Seller/Landlord [ ] [ ]: SIGN.

Witness signing

Form 525 example filled out, witness signing

WITNESS signs with Date and Time.

More rules for Form 525

At such time as Buyer/Tenant and Seller/Landlord agree which of the repairs set forth in paragraph 1 will be completed, Seller/Landlord shall complete the agreed upon repairs (the Repairs) at Seller's expense and in a good and workmanlike manner. Repairs shall be requested and completed prior to closing providing reasonable time for inspection and remediation if repairs are not completed in a good and workmanlike manner.

Seller/Landlord shall notify Buyer/Tenant upon completion of the Repairs prior to closing and provide time for inspection and if necessary, remediation. Buyer/Tenant shall have the right to inspect to verify that the Repairs were completed in a good and workmanlike manner. Inspection shall at the expense of the Buyers/Tenants.

Buyer/Tenant shall have the right to inspect the property until closing for a final walk-through inspection, structural inspection, wood infestation inspection, environmental inspection, HVAC inspection, electrical system inspection, plumbing system inspection, and equipment inspection or any inspection called for by initial inspections.

Seller/Landlord at their expense shall maintain appropriate utility connections (electricity, gas, water, etc.) to allow such inspections until closing.

Any additional repairs that Buyer/Tenant may request and the Seller may agree to complete as a result of such additional inspections will be added and become part of this Agreement.

Inspections shall be at the expense of the Buyer/Tenant.

Buyer/Tenant agrees to release any inspection reports to Seller/Landlord upon request.

Sources

[1] Form 525 Repair Request Proposal (04/07), South Carolina Association of REALTORS (the served file; no issuer file found) (the Official source link on this page).

Repair Request Proposal Form PDF Details

Navigating the intricacies of property transactions can often lead to the discovery that a repair or several repairs are necessary before the final sale can close. Whether you're buying or leasing real estate, or find yourself involved in a counteroffer situation, having a structured approach to negotiating and finalizing these repairs is crucial. Enter the Repair Request Proposal form, an essential tool for clearly communicating and agreeing upon repair work between parties. This form can be applied to various agreements including buying and selling real estate, residential rental agreements, counteroffers, or other related agreements, specifically within the state of South Carolina. Its primary function is to list requested repairs in a detailed manner, provide a framework for agreement upon those repairs, and outline the process for their completion, inspection, and verification. Additionally, it enables further inspections and outlines the responsibilities for maintaining utility connections for such inspections up until the closing of the deal. The form also touches on the release of inspection reports, ensuring both parties are kept informed. As a key document, it ensures that both parties—buyers/tenants and sellers/landlords—are aligned on the work to be done, thereby smoothing the path to a successful conclusion of the property transaction.

QuestionAnswer
Form NameRepair Request Proposal Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namessc real estate repair addendum, repair addendum, repair addendum real estate, real estate repair request form