Building Reports are starting to have a marked effect on the outcome of a sale, as more traditional homes come on to the market. This makes the clause that is included in your Sale & Purchase Agreement all the more important.
The building report clause used by a buyer usually refers to the buyer being satisfied with the general condition of the building and any other buildings on the property, their weather tightness and structural integrity.
There are a number of reports that have been used by buyers to get, what may be considered cosmetic issues, fixed by the seller has the option of whether they get these fixed, or have their solicitor tell the buyers solicitor that they are not part of the building report in the agreement.
The broken tiles in the bathroom, the textured ceiling in the lounge, the paint flaking on a couple of window sills, the cracks in the concrete driveway, the worn edges of wall paper... are a few examples.
Building reports were initially intended to have buyers get a house or building that had no "building" issues, was structurally sound and had been "built properly". In other words, they had all their legal issues met, they had been built to the required standards, and had inspections completed to show this. And clauses are in every Sale and Purchase Agreement for the protection and use of both groups involved. Their benefit however, may be to only one of those groups.
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