Common use of TERMITE REPORT Clause in Contracts

TERMITE REPORT. A. On or before the date of Closing, Seller, or Seller’s Broker, if applicable, shall either furnish Buyer, in care of Buyer’s Broker, if applicable, at Seller’s expense, a soil treatment report issued by a licensed applicator or exterminator reflecting that the ground upon which the structure(s) has been constructed was treated prior to construction to prevent the infestation of termites; or the Seller, or Seller’s Broker, if applicable, shall provide, at Seller’s expense, a report by a licensed exterminating company of any structure(s) on the Property. If such report reveals visible infestation by termites or other wood destroying insects, Seller shall pay for such treatment and repairs, and provide a subsequent report reflecting that any structure(s) on the Property are free of infestation by termites and other wood destroying insects. Soil treatment report shall be dated within one (1) year prior to date of Closing, or an inspection report shall be dated within ninety (90) days prior to date of Closing. B. In addition to the report provided by the Seller, Buyer at Buyer’s option and expense may have an inspection by a licensed exterminating company of any structures on the Property. If such inspection reveals visible infestation by termites or other wood destroying insects, Seller shall pay for such treatment and repairs, and provide a subsequent report reflecting that any structure(s) on the Property are free of infestation by termites and other wood destroying insects.