repair and retreatment bond

repair and retreatment bond

If available,an agreement by a pest control company that if a property has been treated and continuously protected by it against termites or other wood-destroying insects, but an infestation occurs and results in damage, the company will repair all damage and eradicate all such insects, at no charge to the property owner, with the possible exception of a deductible.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.