8. Contract subject to purchaser obtaining satisfactory building report

This Contract is conditional upon the Buyer obtaining within one [1] day(s) from the date of this Contract from [2] a report to the Buyer’s satisfaction as to the structural soundness of the dwelling house located on the land. If the said report concludes that the dwelling is structurally unsound the Buyer may terminate this Contract by written notice to the Seller at any time before 5.00 pm on the due date. If the Buyer does not terminate this Contract by 5.00 pm on the due date then this condition shall be deemed to be satisfied.

[1] number of days to obtain building report
[2] registered builder/architect/engineer

NOTE: Leave the inspection Date and Inspector details blank in the Reference Schedule when using this clause.