This article was written by Nancy Wang Pricipal Solicitor and Grace Blake Solicitor at W & G Lawyers.
Most residential contracts signed in Queensland are “subject to building and pest”. Buyers often see the condition as a safety net that lets them walk away if the inspection turns up anything they do not like; sellers often assume it lets the buyer walk away for almost nothing. Neither view is quite right. The condition has its own mechanics, its own deadlines and a requirement that the buyer act reasonably. This article explains in general terms how it works, what a report may and may not tell you, and where the line could fall when a report reveals only minor issues.
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