Tennessee Real Estate Contract Quiz: Can you Calculate the Inspection Period Deadline in this Example?
- Sarah Bates
- Mar 10
- 2 min read
Updated: Mar 27
In every real estate contract where the buyer wishes to conduct inspections, the Inspection Period refers to the contractually agreed-upon number of days from the Effective Date (Binding Contract Date) when all inspections must be conducted and written notice must be delivered to the Seller(s) (typically in the form of a Repair Proposal or As-Is Notification).
The Inspection Period Deadline marks the last day of the Inspection Period (and time if the Effective (Binding) Date records a time) where written notice must be provided to the Seller by the Buyer.
Test Your Knowledge: What Date is the Inspection Period Deadline?
Your Real Estate Contract provides the following information:
Offer Date: February 3, 2025 at 8:20pm
Countered Date of Purchase & Sale Agreement: February 4, 2025 at 8:20pm
Bound Date of Counter Agreement: February 5, 2025 at 8:20pm
Inspection Period: 10 days from the Effective Date
Resolution Period: 3 days from delivery of Written List
The Inspection Period Deadline is:
A. February 13, 2025 at 8:20pm
B. February 14, 2025 at 8:20pm
C. February 15, 2025 at 8:20pm
D. February 17, 2025 at 8:20pm
E. February 18, 2025 at 8:20pm
WARNING: ANSWER BELOW!
Answer: E. February 18, 2025.
The Inspection Period is 10 days from the Effective Date of the Counter Agreement on February 5, 2025 at 8:20pm which falls on March 15, 2025, which is a Saturday. Because the Inspection Period falls on a weekend, it is pushed to the next business day which would be February 17th, but is not because this day is a legal holiday, which makes the Inspection Period Deadline Tuesday, March 18, 2024 at 8:20pm.
17.E "Terminology" of the Purchase and Sale Agreement specifies relevant performance dates being pushed to the next business day if such date lands on a Saturday, Sunday, or legal holiday.
Meet the Author
Sarah Bates is a Transaction Coordinator with a strong foundation in real property transaction management and contract compliance. She holds a B.A. in English/Pre-Law from the University of Tennessee at Chattanooga and earned her Juris Doctorate from the Nashville School of Law, earning her the nickname of “a TC with a JD”.
She began her real estate journey as an Office Manager for a boutique brokerage, where she quickly applied her legal education and attention to detail to real estate transactions. In 2023, Sarah completed advanced professional training from the Transaction Coordinator Academy, solidifying her expertise in real estate transaction management.
Today, she serves as a Certified Transaction Coordinator at SmoothTC with five years experience in the industry, specializing in managing residential real estate contracts, deadlines, and compliance for real estate agents. Her legal education, combined with hands-on experience, makes her a trusted resource for agents seeking smooth, accurate, and efficient closings.
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