Common use of Initial Occupancy Clause in Contracts

Initial Occupancy. Purchasers must and will move into and occupy the Property as their principal residence within sixty (60) days of the date of this Contract for Deed, but not before ten (10) days after its execution unless Purchasers have waived their right to a ten (10) day opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards, as provided in Appendix B, Lead-Based Paint Disclosure Addendum.