termite clause

termite clause

A provision in a sales contract that allows a buyer to obtain a termite inspection, also called a wood infestation report,and either cancel the contract or require the seller to eradicate and repair as a condition of closing if termites are discovered.

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