The Virtual Tour Sight Unseen Waiver has become increasingly important in the U.S. real estate market, particularly since the rise of remote property transactions. This document is essential when buyers or renters make decisions based solely on virtual property tours without physical inspection. The waiver serves to protect all parties by clearly documenting that the buyer/renter understands and accepts the limitations and risks of virtual-only viewing. It includes acknowledgments of the virtual tour's scope, explicit waivers of rights typically associated with physical viewings, and assumptions of risk related to sight-unseen transactions. The document is particularly relevant in cross-state transactions and situations where physical viewing is impractical or impossible.
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1. Parties: Identification of all parties involved in the transaction
2. Background: Context of the virtual tour and property viewing arrangement
3. Definitions: Key terms used in the waiver including 'Virtual Tour', 'Property', and 'Sight Unseen'
4. Acknowledgment of Virtual Tour: Confirmation that property was viewed virtually only and understanding of limitations
5. Waiver of Rights: Explicit waiver of rights related to physical inspection and acknowledgment of risks
6. Assumption of Risk: Acceptance of risks associated with sight-unseen purchase/rental decision
7. Execution: Signature blocks, date, and witnessing requirements
1. Property Condition Disclosure: Detailed description of known property conditions and existing documentation
2. Virtual Tour Technical Specifications: Details about the virtual tour technology used and any technical limitations
3. Third-Party Rights: Rights and obligations of third-party service providers involved in creating/providing virtual tour
1. Property Details Schedule: Detailed information about the property including address, specifications, and features
2. Virtual Tour Documentation: Screenshots, recordings, or documentation from the virtual tour session
3. Property Disclosure Statement: Standard property disclosure documentation as required by applicable state law
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