contract condition

Understanding Conveyancing – The Building and Pest Condition:

Understanding Conveyancing – The Building and Pest Condition:

In Queensland the standard contracts of sale, being either the REIQ Contract, or the ADLForms Contract, include a standard building and pest condition. What this means is that a contract for the purchase of property will be subject to the buyer undertaking a building and pest inspection of the property and being satisfied with the report they receive following the inspection.