ASA and PSIA Instructor
Join Date: Apr 2000
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The YBAA P&S has suitable provisions for the issues that I mentioned - just cut out the stuff about the broker fees.
I'd never give the deposit to the Owner, give it to your lwayer (or maybe his), or better yet, don't hand over a deposit until after the survey is completed and no longer a contingency. A survey costs many hundreds of dollars abnd that cost ensure that the Buyer is not a tire-kicker.