What does it mean when a Contract is conditional upon obtaining a building or pest inspection?
Property Law
When a purchaser requests a Special Condition, it should be drafted carefully and you should always be careful of using an old precedent clause that might not necessarily be binding. It is always prudent for a lawyer to draft such clauses rather than an agent that will give the agent protection against any claim by a disappointed vendor. It is also important that vendors understand that a "major structural defect" might not be as obvious as everyone thinks!