Subject to Satisfactory Building Report
- The Contract is subject to and conditional upon the Buyer obtaining from a licensed builder or a registered engineer or architect, on or before the xxxx a report satisfactory to the Buyer as to the condition of the improvements on the Land.
- The Buyer shall immediately arrange for the report to be made by builder, engineer or architect.
- The Seller shall permit the builder, engineer or architect reasonable access to inspect the improvements for the purpose of compiling the report.
- The Buyer upon receipt of the report shall forthwith notify the Seller in writing as to whether or not the Buyer wishes to terminate this Contract because the report is not satisfactory to the Buyer. In the event that the Buyer terminates this Contract pursuant to this Clause then all moneys paid by the Buyer shall be refunded to the Buyer.
- In the event that the Seller does not receive written notification by the xxxx advising that this Contract is terminated, then the Buyer is deemed to be satisfied with the report and this Clause is deemed to have been fulfilled.
Subject to F.I.R.B Approval
- This Contract is subject to Foreign Investment Review Board (hereinafter called ‘F.I.R.B.’) granted approval for the transaction.
- The Buyer shall forthwith apply to the F.I.R.B. for approval and use his best endeavours to obtain such approval.
- In the event that such approval is not granted before xxxx then this Contract shall be at an end and all monies paid by the Buyer shall be refunded in full.
- The Buyer agrees that immediately upon this becoming aware of the result of this application to the F.I.R.B. he shall advise the Seller of such result.
Disclosure of Non Approved Building works (eg Pergola)
- The Buyer acknowledges that the improvements on the Land include xxxx which has been erected on the subject property without Local Government Approval
- The Buyer agrees not to make and requisition, objection or claim in relation to the existence of the xxxx (pergola) and agrees that Clause 7.6 of the Terms of Contract for Houses and Land does not apply to the xxxx (pergola).
Subject to Engineer’s / Pest Controller’s Report
- This contract is subject to and conditional upon the Buyer obtaining from an xxxx engineer/a pest controller* on or before xxxx a report satisfactory to the Buyer as to the stability of the soil/the infestation of pests to the improvements on the land.
- The Buyer shall immediately arrange for the report to be made by an engineer/pest controller*.
- The Seller shall permit the engineer/pest controller* reasonable access to inspect the Property for the purpose of compiling the report.
- The buyer upon receipt of the report shall forthwith notify the Seller in writing as to whether of not the Buyer wishes to terminate this Contract because the report is not satisfactory to the Buyer. In the event that the Buyer terminates this Contract pursuant to this clause then all monies paid by the Buyer shall be refunded to the Buyer.
- In the event that the Seller does not receive written notification by the xxxx advising that this Contract is terminated, then the Buyer is deemed to be satisfied with the report and this Clause is deemed to have been fulfilled.
[Note: * Delete whichever does not apply]