Common use of Area Variations Clause in Contracts

Area Variations. (a) The Purchaser agrees that the Total Unit Area is an approximation by the Seller of the final as-built measurements of such area which will be calculated in accordance with the Jointly Owned Property Law. (b) If, on Completion, the actual Total Unit Area varies by more than what is permissible pursuant to the Applicable Laws as compared to the Total Unit Area specified in Item 3, the Purchase Price shall be adjusted accordingly to the extent of such variation. The Purchaser agrees that any variation in Purchase Price shall be adjusted from the final Purchase Price Instalment due pursuant to the Payment Schedule. (c) The Purchaser shall not be entitled to request the Seller to make any variations of whatsoever nature to the Unit.

Area Variations. ‌ (a) The Purchaser agrees that the Total Unit Area is an approximation by the Seller of the final as-built measurements of such area which will be calculated in accordance with the Jointly Owned Property Law. (b) If, on Completion, the actual Total Unit Area varies by more than what is permissible pursuant to the Applicable Laws as compared to the Total Unit Area specified in Item 3, the Purchase Price shall be adjusted accordingly to the extent of such variation. The Purchaser agrees that any variation in Purchase Price shall be adjusted from the final Purchase Price Instalment due pursuant to the Payment Schedule. (c) The Purchaser shall not be entitled to request the Seller to make any variations of whatsoever nature to the Unit.