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Building Inspection Report – Long version (Right To Rectify)
This agreement is conditional upon the purchaser obtaining a building report in respect of the property which is satisfactory to the purchaser by …………………………………………….
If any aspect of the report is unsatisfactory to the purchaser the purchaser shall before exercising any right of cancellation pursuant to this clause, by written notice to the vendor require the vendor to remedy any such aspect. The vendor shall within ………………working days of receiving the purchasers notice advise the purchaser whether or not he will remedy the matter notified by the purchaser. If the vendor does not notify the purchaser in writing within such period that he intends to rectify, the purchaser may at any time thereafter cancel the agreement.
If the Vendor does give notice that he intends to rectify it shall be the vendor’s obligation to undertake such rectification in a tradesman like manner at his cost prior to the settlement date. |
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