7. Special Building Clause

(a) This Contract is conditional upon the Buyer obtaining at their expense a pest and building report from a registered building/pest inspector as to structural soundness of the building on the land. If either or both of such reports conclude that the building is structurally unsound then the Buyer shall notify the Seller in writing (together with a copy of the Building/Pest report) (“the Notice”) by 5.00 pm on the Building Inspection date. If the Buyer does not give the Notice as aforesaid or if the building and/or pest report does not conclude that the property is structurally unsound then this condition shall be deemed to be satisfied.

(b) Within four (4) days of receiving the Notice the Seller shall notify the Buyer in writing that:

(i) It is prepared to make the building structurally sound prior to completion whereupon this condition shall be deemed satisfied (subject to the Seller completing such works);
(ii) It is not prepared to make the building structurally sound whereupon this Contract shall terminate and all deposit monies shall be refunded to the Buyer in full.

Any works to be undertaken by the Seller pursuant to this clause shall be carried out in a proper and workmanlike manner prior to completion.

(c) Clause 4 of the Standard Conditions does not apply.