Pre-Purchase Building Inspection Agreement

Agreement Name:

Pre-Purchase Building Inspection Agreement

Who is a Pre-Purchase Building Inspection Agreement Intended for?

This agreement is intended for prospective property buyers who want a thorough inspection of a property before finalizing their purchase.

What is a Pre-Purchase Building Inspection Agreement?

A Pre-Purchase Building Inspection Agreement is a contract between a prospective buyer and an inspector. It outlines the terms, conditions, scope, and limitations of a comprehensive building inspection prior to the property purchase.

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How would an Inspector promote a Pre-Purchase Building Inspection Agreement?

Inspectors can promote this agreement as an essential step in the buying process, emphasizing the value of understanding a property's condition before purchase to avoid costly surprises and make an informed decision.

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What is included in a Pre-Purchase Building Inspection Agreement?

A Pre-Purchase Building Inspection Agreement will include the following sections:

1. Customer Details
   This section captures the information about the property vendor, including name and contact information.
   
2. Inspection Provider Details
   This section includes information about the inspector or inspection company conducting the inspection, such as their name, contact information, and ABN details.
   
3. Inspection Details
   This part outlines the scope of the inspection, property address, the areas that will be inspected, the inspection methods to be used, and any areas that will not be inspected.
   
4. Execution
   This section is where both parties - the inspector and the vendor - sign to confirm their understanding and acceptance of the terms of the agreement.
   
5. General Terms & Conditions
   This area lays out the terms and conditions of the agreement, including the responsibilities and obligations of both parties, the limitations of the inspection, any exclusions, and the fee for the inspection service.