Subject to Building & Pest Inspection

A contract clause letting the buyer pull out if a building or pest inspection finds material defects.

A "subject to building and pest inspection" clause gives the buyer a defined window after exchange (commonly 7 to 14 days) to commission a qualified building inspector and pest inspector. If either report finds material defects the buyer can negotiate price reduction, request rectification, or rescind the contract entirely. Auction contracts typically do not allow this clause — inspections must be done before bidding.