What is the difference between a Termite Clearance Letter and a Termite Bond?
When it comes to real estate in Georgia there are two types of homes:
1. Houses that HAVE TERMITES.
2. Houses that WILL HAVE TERMITES.
Nearly every real estate contract written in Georgia stipulates a request that the SELLER PROVIDE, AT NO COST TO THE BUYER, A TERMITE CLEARANCE LETTER PRIOR TO CLOSING.
Many times that request will go on to request a TRANSFERRABLE TERMITE BOND (Warranty on the treatment) for one year at no cost to the buyer.
Understanding the distinction between a clearance letter and a bond is very important.
A TERMITE CLEARANCE LETTER indicates that the property has been inspected by a certified, licensed professional pest control company and they found NO ACTIVE INFESTATION OF TERMITES.
A TRANSFERRABLE TERMITE BOND indicates that the property has previously been treated for termites and is under warranty with the pest control company.