Building Commitment Clause Samples
The Building Commitment clause establishes the obligations and expectations of the parties regarding the construction or development of a building or project. Typically, it outlines the scope of work, timelines, quality standards, and responsibilities for both the contractor and the client, ensuring that all parties are aligned on deliverables and performance criteria. By clearly defining these commitments, the clause helps prevent misunderstandings, sets measurable benchmarks for progress, and provides a basis for accountability throughout the project.
Building Commitment. 3.1. The Purchaser agrees to build an C2 district residential building on the Property to be substantially completed within two (2) years from the Possession Date.
3.2. The Purchaser acknowledges and agrees that it shall comply with all municipal bylaws with regards to construction of such dwelling and specifically acknowledges that a concrete foundation is required.
3.3. The Purchaser agrees to grade the Property in conformity with the drainage pattern established by the municipal authority.
3.4. The Purchaser shall commence construction on all of the parcels of land comprising the Property within six (6) months from the date of this Agreement.
3.5. A certificate of substantial completion must be obtained by the Purchaser for each of the parcels of land comprising the Property within two (2) years from the Possession Date.
3.6. If the construction has not been substantially completed within the above time frame, at the Village’s option, the Village shall be at liberty to make use of the Transfer Back referred to in clause 4.3 herein in order to transfer back the Property to the Village and the Village shall retain the Deposit.
3.7. The Deposit, without interest, shall be returned by the Village to the Purchaser once the development has been completed to the satisfaction of the Council of the Village of Heisler, and is subject to any deductions for charges and expenses incurred by the Village pursuant to the terms set out herein.
Building Commitment. The Purchaser shall construct or cause to be constructed permanent improvements on the Land in accordance with the terms, conditions and specifications in Schedule B.
Building Commitment. 5.1. The Purchaser agrees to build a single-family dwelling on the Property to be substantially completed within two (2) years from the Possession Date.
5.2. The Purchaser agrees to grade the Property in conformity with the drainage pattern established by the municipal authority.
5.3. The Purchaser shall commence construction on all of the parcels of land comprising the Property within six (6) months from the date of this Agreement.
5.4. A certificate of substantial completion must be obtained by the Purchaser for each of the parcels of land comprising the Property within two (2) years from the Possession Date.
Building Commitment. I understand that my property is required to submit information on the transportation program described above to comply with my building’s Transportation Management Program (TMP)
Building Commitment a purchaser shall comply with the development/building commitment whereas the purchaser shall take out a development permit within 1 year from the signed date of the Standard Lot Purchase Agreement. Construction must be completed within 2 years from the signed date of the Standard Lot Purchase Agreement. The new building/structure must have a minimum gross assessment value of $60,000. These standard guidelines for development will be included on the Standard Lot Purchase Agreement. If the purchaser has submitted an alternate development schedule that has been approved by council, then that schedule will be included on the Standard Lot Purchase Agreement.