What to Look For:
A quality pest and building report should cover both structural and pest-related concerns. Its focus is on identifying matters which would not have been obvious to you on an inspection.
Key red flags include:
- Structural cracks or damage
- Evidence of termite activity or damage
- Drainage issues or water ingress
- Roofing defects or rust
- Electrical or plumbing faults
Ensure the report is completed by a licensed and insured inspector. It's also wise to request photographs and clear explanations of any major issues. We recommend you attend the pest and building inspection, so any issues can be discussed at the property.
Your rights:
In Queensland, contracts have a standard pest and building inspection clause and as the buyer you can insert a Pest and Building Inspection Date. If this is completed, you will have rights under the contract, including a right of termination if a significant issue arises.
The contact requires the buyer to act reasonably. This means you cannot terminate or have issue with minor or cosmetic matters, or matters you would have been able to see when you inspected the property (cracked bathroom tiles etc).
If there is evidence of major structural defects or active termite infestations this may give you the right to terminate the contract. The Seller is entitled to receive a copy of the report (so you must have a report to rely on this clause).
Before you take action, you must seek legal advice on your rights and obligations.
At Holt Ronan Lawyers we help buyers navigate property purchases with confidence. Contact us today for expert conveyancing and contract advice tailored to your situation.
Disclaimer: This advice is general in nature and is not intended to be legal advice.
If you would like legal advice, please call our office on (07) 5619 0440 and we would be pleased to assist you.