Could someone kindly confirm for me – it is definitely my responsibility to pay for the building and the termite inspections on my investment property isn't it?  This is my first one and I just want to check I'm not being silly and paying for something the vendor has to do as I've made the two inspections a condition of the contract to buy. 
My understanding is – it's my responsibility to pay, the vendor should fix anything the building inspection etc finds or if she/he doesn't then either the price is negotiable or I decide whether to go through with sale or not and finally the upside is that as an investment property the fees for these insepctions are tax deductible if the sale goes through.

Be grateful for verification.
many thanks