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Building Inspection Reports - How they affect both the buyer and the seller of property

Many contracts for the sale of land are subject to a condition which allows the buyer to terminate the contract if not satisfied with the contents or building inspection reports about the property.  Whilst these clauses are a worthwhile means to encourage buyers, it's important all parties understand their options when applying them, so as to avoid unnecessary outcomes and complications. I'm Building inspection specialists, and I would like to make a couple important points about these clauses.  Image - ebi.net.au Firstly pay careful attention to the wording of the relevant clause. In many cases the clause may require the buyer to act reasonably. This means the contract can't be terminated on the basis of a few minor defects. Exactly what constitutes a defect sufficient to justify termination will depend on the circumstances.  But a buyer who wants complete flexibility to terminate a contract for any reason should not rely on standard clauses but instead