Common use of Practice Tip Clause in Contracts

Practice Tip. If the parties wish to use the default time periods in the locations where blanks are provided it is not absolutely necessary to fill in the blank, but best practice would be to do so anyway. Even with a default provided, it is inadvisable to proceed with an Agreement that has any unfilled blank lines, especially considering that a misunderstanding over one of these time periods could cause major problems in the transaction. Note: There are some provisions in the Agreement that are required by law (e.g., Department of Transportation, Zoning, Coal Notice) that should not be modified. Paragraph 6: ZONING‌ Pennsylvania law requires that the Agreement contain the zoning classification of the Property unless it is in an area that is zoned primarily or exclusively for single-family homes. If the Property is zoned to permit anything other than a single family dwelling, the zoning classification must be stated in the Agreement or the Buyer will have the right to void the contract. If the zoning classification is not primarily or exclusively residential, insert the zoning classification in the space provided. The language of the Agreement directs you to use the local zoning ordinance as your source for this information. Be careful to avoid using municipal directories or the Seller’s representations, which may not be accurate. Confirm the classification with the municipality at the time the Property is listed, and perhaps again at the time of sale. If there is any question regarding permitted uses, have the Buyer contact the municipality directly. Practice Tip: Because zoning is often referred to by a letter/number combination that may mean different things in different municipalities, it is generally advisable to include a short description of the types of permitted uses as well.

Appears in 3 contracts

Samples: www.c21goldoffice.com, d3hyaksbtf7nqa.cloudfront.net, www.parealtors.org

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Practice Tip. If the parties wish to use the default time periods in the locations where blanks are provided it is not absolutely necessary to fill in the blank, but best practice would be to do so anyway. Even with a default provided, it is inadvisable to proceed with an Agreement that has any unfilled blank lines, especially considering that a misunderstanding over one of these time periods could cause major problems in the transaction. Note: There are some provisions time periods in the Agreement that are required by law (e.g., Department of Transportation, Zoning, Coal Notice) that should not be modified. Paragraph 6: ZONING‌ Pennsylvania law requires that the Agreement contain the zoning classification of the Property unless it is in an area that is zoned primarily or exclusively for single-family homes. If the Property is zoned to permit anything other than a single family dwelling, the zoning classification must be stated in the Agreement or the Buyer will have the right to void the contract. If the zoning classification is not primarily or exclusively residential, insert the zoning classification in the space provided. The language of the Agreement directs you to use the local zoning ordinance as your source for this information. Be careful to avoid using municipal directories or the Seller’s representations, which may not be accurate. Confirm the classification with the municipality at the time the Property is listed, and perhaps again at the time of sale. If there is any question regarding permitted uses, have the Buyer contact the municipality directly. Practice Tip: Because zoning is often referred to by a letter/number combination that may mean different things in different municipalities, it is generally advisable to include a short description of the types of permitted uses as well.

Appears in 1 contract

Samples: Standard Agreement

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Practice Tip. If the parties wish to use the default time periods in the locations where blanks are provided it is not absolutely necessary to fill in the blank, but best practice would be to do so anyway. Even with a default provided, it is inadvisable to proceed with an Agreement that has any unfilled blank lines, especially considering that a misunderstanding over one of these time periods could cause major problems in the transaction. Note: There are some provisions time periods in the Agreement that are required by law (e.g., Department of Transportation, Zoning, Coal Notice) that should not be modified. Paragraph 6: ZONING‌ Zoning Pennsylvania law requires that the Agreement contain the zoning classification of the Property unless it is in an area that is zoned primarily or exclusively for single-family homes. If the Property is zoned to permit anything other than a single family dwelling, the zoning classification must be stated in the Agreement or the Buyer will have the right to void the contract. If the zoning classification is not primarily or exclusively residential, insert the zoning classification in the space provided. The language of the Agreement directs you to use the local zoning ordinance as your source for this information. Be careful to avoid using municipal directories or the Seller’s representations, which may not be accurate. Confirm the classification with the municipality at the time the Property is listed, and perhaps again at the time of sale. If there is any question regarding permitted uses, have the Buyer contact the municipality directly. Practice Tip: Because zoning is often referred to by a letter/number combination that may mean different things in different municipalities, it is generally advisable to include a short description of the types of permitted uses as well.

Appears in 1 contract

Samples: www.cbhearthside.net

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