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Dear Forms Committee: Why are well tests not addressed on OREF 064 – Notice of Unconditional Disapproval?

OREF 082 – Private Well Addendum does not allow unconditional disapproval of well test results. Instead, the buyer must show deficiencies in the system. Per Section 5, the buyer must provide the seller a notice of intent to declare termination (using OREF 109 – Notice from Buyer to Seller) along with a list of the substantial deficiencies and copies of all test reports. The buyer and seller then have a default of 2 business days to negotiate correction of the deficiencies. The transaction is automatically terminated if an agreement is not reached by 5:00 pm on the last day of the negotiation period.


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