Great New Condo Clause June 26, 2001 |
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| With
the passage of the new Condominium Act, many Realtors have been asking
us to help with clauses that reflect the new terminology. The following
is a great conditional clause for use when representing buyers of
condominiums;
"This Offer is conditional upon the Purchaser obtaining a Status Certificate and associated documents as required under The Condominium Act 1998 from the condominium corporation herein satisfactory to the solicitor for the Purchaser. Unless the purchaser gives notice in writing delivered to the Vendor not later than ___ p.m. on ___, that this condition is fulfilled, this offer shall be null and void and the deposit shall be returned to the Purchaser in full without deduction. This condition is included for the benefit of the purchaser and may be waived at his sole option by notice in writing to the Vendor within the time period stated herein." Korman
& Associates PLEASE CHECK OUT OUR WEBSITE - IT'S THE BEST REAL ESTATE LAW FIRM WEB SITE AROUND! |
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