Common use of Deterioration Clause in Contracts

Deterioration. Despite any rule of Law to the contrary: (a) the Seller will not be liable to the Buyer for any deterioration of the Property or for any waste which alters the nature of the Property whether permissive, voluntary, ameliorating or otherwise between the Contract Date and settlement; and (b) the Buyer will not be entitled to raise, take or make any objection, requisition or Claim for Loss or other relief in relation to any such deterioration of the Property or in relation to any waste occurring in respect of the Property.

Appears in 4 contracts

Sources: Contract for Houses and Residential Land, Contract for Houses and Residential Land, Contract for Houses and Residential Land