Puerto Rico Termite Report Provision for Contract for the Sale and Purchase of Real Property is a crucial component in the real estate transactions in Puerto Rico, aimed at safeguarding the interests of both the buyers and sellers. This provision ensures that the property being sold is free from termite infestation and damage, protecting the investment and ensuring a secure living environment for the future occupants. One type of Puerto Rico Termite Report Provision is the "Termite Inspection Clause," which is commonly included in the contract for sale and purchase of real property. This clause requires the seller to provide a termite inspection report conducted by a licensed termite inspector, documenting the condition of the property and any termite-related issues. Another type is the "Termite Treatment Clause," which is applicable when the termite inspection report uncovers evidence of termite infestation or damage. This clause specifies the steps that the seller must take to rectify the issue before the completion of the sale, such as conducting termite treatment and repairing any structural damage caused by termites. Additionally, the "Termite Warranty Clause" may be included in the contract, which grants the buyer a specified period within which they can request termite treatment if evidence of termites is discovered after the purchase. In this case, the seller is usually responsible for covering the costs associated with eliminating termites, ensuring that the property remains termite-free during the warranty period. The inclusion of these Puerto Rico Termite Report Provisions in real estate contracts is essential to protect the buyers from purchasing a property that may be infested with termites or at risk of termite damage. It also allows sellers to address any termite-related issues upfront, improving the marketability and value of the property. In conclusion, the Puerto Rico Termite Report Provision for Contract for the Sale and Purchase of Real Property is a necessary component in real estate transactions. It ensures that the property being sold is free from termite infestation, and if any such issues are identified, it mandates the seller to address and rectify them. By including these provisions, both buyers and sellers are protected, creating a more secure and confident real estate market in Puerto Rico.