Common use of WOOD DESTROYING INSECT INFESTATION REPORT Clause in Contracts

WOOD DESTROYING INSECT INFESTATION REPORT. If the buyer is financing the property and has elected to have a Wood Destroying Organisms (aka Termite) Inspection, buyer may complete the inspection after loan approval or as prescribed by the lender. The cost of the inspection shall be paid for by the (Buyer/Seller). If visible evidence of active wood destroying insects is observed, Seller shall, at Seller’s expense, have the property treated by a qualified technician prior to closing and present proof of said treatment to the buyer at closing or this contract shall be voidable by either party and xxxxxxx money returned. If structural repairs are necessary due to active or prior infestation, then Seller is to repair said damage or this contract shall be voidable by either party and the xxxxxxx money returned. Buyer’s Initials Date/Time_ Seller’s Initials Date/Time Buyer’s Initials Date/Xxxx Xxxxxx’x Initials Date/Time

WOOD DESTROYING INSECT INFESTATION REPORT. If the buyer is financing the property and has elected to have a Wood Destroying Organisms (aka Termite) Inspection, buyer may complete the inspection after loan approval or as prescribed by the lender. The cost of the inspection shall be paid for by the (Buyer/Seller). If visible evidence of active wood destroying insects is observed, Seller shall, at Seller’s expense, have the property treated by a qualified technician prior to closing and present proof of said treatment to the buyer at closing or this contract shall be voidable by either party and xxxxxxx money returned. If structural repairs are necessary due to active or prior infestation, then Seller is to repair said damage or this contract shall be voidable by either party and the xxxxxxx money returned. Buyer’s Initials Date/Time_ Time Seller’s Initials Date/Time Buyer’s Initials Date/Xxxx Xxxxxx’x Initials Date/Time