Vendor Pre-Sale Building Inspection Agreement
Everything You Need to Know about a Vendor Pre-Sale Building Inspection Agreement
Vendor Pre-Sale Building Inspection Agreement
Agreement Name:
Vendor Pre-Sale Building Inspection Agreement
Who is a Vendor Pre-Sale Building Inspection Agreement Intended for?
This agreement is intended for property vendors who are preparing to sell their property and want to provide potential buyers with a comprehensive pre-sale building inspection report.
What is a Vendor Pre-Sale Building Inspection Agreement?
A Vendor Pre-Sale Building Inspection Agreement is a contract between a property vendor and an inspector, outlining the scope, limitations, and terms of a pre-sale building inspection. It does not include a timber pest inspection.
How would an Inspector promote a Vendor Pre-Sale Building Inspection Agreement?
Inspectors can promote this agreement as a way for vendors to demonstrate transparency to potential buyers by identifying and rectifying any potential structural issues before listing the property for sale.
What is included in a Vendor Pre-Sale Building Inspection Agreement?
A Vendor Pre-Sale Building Inspection Agreement will include the following sections:
- Customer Details
This section captures the information about the property vendor, including name and contact information. - 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. - 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. - 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. - 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.