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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">Warning - this may be a dumb question! I don’t handle a lot of real property transactions, so I want to put this question out to the hive.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">Client (Personal Representative) is selling deceased dad’s home as PR. She questions the language in Section 9.9 of the PSA, below, regarding representations and warranties
that “survive closing.” Does this mean indefinitely? Is this standard PSA language, or is there usually a time limit?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:#156082">9.9. Survivability. The truth and accuracy of the representations set forth in this<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:#156082">Agreement shall constitute conditions precedent to Closing. All covenants of Purchaser or Seller<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:#156082">that are intended hereunder to be performed in whole or in part after Closing, and all<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:#156082">representations and warranties by either Party to the other, shall
</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:#C00000">survive Closing and shall be<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:#C00000">binding upon and inure to the benefit of the respective Parties hereto and their respective heirs,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:#C00000">executors, administrators, successors and assigns.
</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:#156082">As provided herein, the indemnification<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:#156082">obligations set forth in this Agreement shall also</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">
<span style="color:#C00000">survive Closing.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:#C00000"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">Thanks in advance,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">Jim Dolan<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">=========================<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">Jones Butler Dolan, PS<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">P.O. Box 458<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">10027 SR 532<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">Stanwood, WA 98292<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">(tel) 360-336-2939<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif">(fax) 360-336-2949<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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