If the previous owner of your home already had a termite bond (or warranty), you should check if you can have their termite bond transferred to you. If the previous owners' termite bond or warranty is transferrable, bond transfer fees are typically significantly cheaper than paying a termite company to come to treat your home for termites. It is easiest to transfer a termite bond before you close on a property but there is also often a grace period to transfer the bond after you purchase the property.