INTERIM OCCUPANCY. The Purchaser shall pay an occupancy fee (the “Occupancy Fee”) monthly in advance, during the period commencing on the Occupancy Date and ending on the Title Closing Date, which Occupancy Fee shall be payable pro rata comprised of the components set out in subsection 80(4) of the Act and shall be equal to the maximum amount permitted thereunder. The Purchaser shall provide any number of postdated cheques with respect to the Occupancy Fee as and when the Vendor may reasonably require same.
Appears in 2 contracts
Sources: Agreement of Purchase and Sale, Standard Condominium Agreement of Purchase and Sale