Common use of Square Footage Clause in Contracts

Square Footage. Statements of approximate square footage of the Unit utilizing both the “architectural method” and the “air space measurement method” are made in the general floor plan for the Unit attached as Exhibit B. Purchaser acknowledges that such square footage disclosure utilizing the architectural method measures square footage from the outside edge of all exterior sheathing and demising walls between the Unit and Common Elements (such as corridors) and from the mid-point of all demising walls between units, and is often used as the measurement in architectural plans. The air space measurement method, typically used in condominium maps and recorded condominium declarations, varies from the architectural method and measures square footage from the inside edge of exterior walls and from the inside edge of demising walls, and is the measurement likely to be listed by the Pitkin County Assessor’s Office in its public records. Any references to square footage in the Plans and Specifications and/or in Seller’s marketing materials likely utilizes the architectural method described above. Purchaser acknowledges and agrees that square footage calculations may be made in a variety of manners and Purchaser will have no right to rescind this Agreement, nor will Purchaser be entitled to any claim for breach of this Agreement or adjustment of the Purchase Price, on account of alleged discrepancies in square footage calculations. PURCHASER HEREBY ACKNOWLEDGES THAT PURCHASER HAS EITHER INDEPENDENTLY VERIFIED SQUARE FOOTAGES CONTAINED IN THE PLANS AND SPECIFICATIONS OR HAS ELECTED NOT TO DO SO. Purchaser further acknowledges and understands that minor changes in square footages may occur during construction of the Unit and that the square footages of the Unit as disclosed in Exhibit B are approximate only.

Square Footage. Statements of The approximate square footage of the Unit utilizing both is disclosed on Exhibit A hereto, which has been calculated from the “architectural method” Plans and the “air space measurement method” are made in the general floor plan for the Unit attached as Exhibit B. Specifications. Purchaser acknowledges that such the square footage disclosure utilizing disclosed on Exhibit A is based upon the architectural method method, which measures square footage from the outside edge face of all sheathing on the exterior sheathing and wall to the center of interior demising walls between the Unit and Common Elements (such as corridors) and from the mid-point center of all demising walls between unitscorridor wall, and is often used as the measurement in architectural plans. The air space measurement Another method, typically used in condominium maps and recorded condominium declarations, varies from the architectural method and measures square footage from the inside edge of exterior walls and from the inside edge of demising walls. Accordingly, and is the measurement likely to be listed by the Pitkin County Assessor’s Office in its public records. Any references to any square footage measurements listed or referred to in the Plans Map, the Declaration and Specifications and/or in Seller’s marketing materials likely utilizes public records may vary from the architectural method described square footage disclosed above. Purchaser acknowledges and agrees that square footage calculations may be made in a variety of manners and Purchaser will have no right to rescind this Agreement, nor will Purchaser be entitled to any claim for breach of this Agreement or adjustment of the Purchase Price, on account of alleged discrepancies in square footage calculations. PURCHASER HEREBY ACKNOWLEDGES THAT PURCHASER HAS REVIEWED AND ACCEPTED THE PLANS AND SPECIFICATIONS AND HAS EITHER INDEPENDENTLY VERIFIED SQUARE FOOTAGES CONTAINED IN THE PLANS AND SPECIFICATIONS THEREIN OR HAS ELECTED NOT TO DO SO. d. Inspection by Purchaser. Upon reasonable advance request, Seller will allow Purchaser further and Purchaser's authorized representatives to tour the construction site; provided, however, Seller may determine in its sole discretion whether the construction site is unsafe for a tour, in which event the requested tour will be postponed until a suitable stage of construction. During periods where tours are permitted by Seller, Purchaser nonetheless acknowledges and understands that minor changes in square footages may occur during construction of the Unit or any other construction of the Project, hazardous conditions will exist and that insurance and security requirements prevent Purchaser and Purchaser's representatives from entering the square footages construction site unless accompanied by an authorized representative of Seller. Purchaser shall strictly adhere to any safety precautions required by Seller as part of Purchaser’s tour. Any tour of the Unit as disclosed in Exhibit B are approximate onlyconstruction site by Purchaser and Purchaser's representatives will be at their own risk. Purchaser and Purchaser's representatives waive all claims against Seller and its lenders, members, investors, contractors, subcontractors, employees and agents and their respective employees and agents for personal injury or property damage caused by any person or thing during such a tour. Purchaser will indemnify, defend and hold harmless Seller and its lenders, members, investors, contractors, subcontractors, employees and agents against any claims, demands, loss, damages, liability or other expense arising out of such tour.

Square Footage. Statements of approximate square footage of the Unit utilizing both the “architectural method” and the “air space measurement method” are made in the general floor plan for the Unit attached as Exhibit E xhibit B. Purchaser acknowledges that such square footage disclosure utilizing the architectural method measures square footage from the outside edge of all exterior sheathing and demising walls between the Unit and Common Elements (such as corridors) and from the mid-point of all demising walls between units, and is often used as the measurement in architectural plans. The air space measurement method, typically used in condominium maps and recorded condominium declarations, varies from the architectural method and measures square footage from the inside edge of exterior walls and from the inside edge of demising walls, and is the measurement likely to be listed by the Pitkin County Assessor’s Office in its public records. Any references to square footage in the Plans and Specifications and/or in Seller’s marketing materials likely utilizes the architectural method described above. Purchaser acknowledges and agrees that square footage calculations may be made in a variety of manners and Purchaser will have no right to rescind this Agreement, nor will Purchaser be entitled to any claim for breach of this Agreement or adjustment of the Purchase Price, on account of alleged discrepancies in square footage calculations. PURCHASER HEREBY ACKNOWLEDGES THAT PURCHASER HAS EITHER INDEPENDENTLY VERIFIED SQUARE FOOTAGES CONTAINED IN THE PLANS AND SPECIFICATIONS OR HAS ELECTED NOT TO DO SO. Purchaser further acknowledges and understands that minor changes in square footages may occur during construction of the Unit and that the square footages of the Unit as disclosed in Exhibit B are approximate only.

Square Footage. Statements of The approximate square footage of the Unit utilizing both is disclosed on Exhibit A hereto, which has been calculated from the “architectural method” Plans and the “air space measurement method” are made in the general floor plan for the Unit attached as Exhibit B. Specifications. Purchaser acknowledges that such the square footage disclosure utilizing disclosed on Exhibit A is based upon the architectural method method, which measures square footage from the outside edge face of all sheathing on the exterior sheathing and wall to the center of interior demising walls between the Unit and Common Elements (such as corridors) and from the mid-point center of all demising walls between unitscorridor wall, and is often used as the measurement in architectural plans. The air space measurement Another method, typically used in condominium maps and recorded condominium declarations, varies from the architectural method and measures square footage from the inside edge of exterior walls and from the inside edge of demising walls. Accordingly, and is the measurement likely to be listed by the Pitkin County Assessor’s Office in its public records. Any references to any square footage measurements listed or referred to in the Plans Map, the Declaration and Specifications and/or in Seller’s marketing materials likely utilizes public records may vary from the architectural method described square footage disclosed above. Purchaser acknowledges and agrees that square footage calculations may be made in a variety of manners and Purchaser will have no right to rescind this Agreement, nor will Purchaser be entitled to any claim for breach of this Agreement or adjustment of the Purchase Price, on account of alleged discrepancies in square footage calculations. PURCHASER HEREBY ACKNOWLEDGES THAT PURCHASER HAS REVIEWED AND ACCEPTED THE PLANS AND SPECIFICATIONS AND HAS EITHER INDEPENDENTLY VERIFIED SQUARE FOOTAGES CONTAINED IN THE PLANS AND SPECIFICATIONS THEREIN OR HAS ELECTED NOT TO DO SO. Purchaser further acknowledges and understands that minor changes in square footages may occur during construction of the Unit and that the square footages of the Unit as disclosed in Exhibit B are approximate only.

Square Footage. Buyer acknowledges that the square footages shown on the Plat and the Declaration are not the square footages of the Condominium after it is built. The square footages shown on the Plat and Declaration include the following land: (i) the land upon which the Condominium will be built, and (ii) land that will surround the Condominium after it is built and which will constitute common areas and limited common areas of the Project. Statements of approximate square footage footages of the Unit utilizing both Condominium, as well as of the “architectural method” Common Areas and Facilities located within the “air space measurement method” are Project, may be made in the general floor plan for Plans and Specifications, the Unit attached as Exhibit B. Purchaser acknowledges Plat and the Declaration. Buyer acknowledges, however, that such square footage disclosure utilizing calculations may change during the architectural method measures course of construction, and may be determined in a variety of methods. For example, architects often measure square footage from the outside edge of all the exterior sheathing and demising walls between the Unit and Common Elements (such as corridors) and from to the mid-point of all demising walls between units, and is often used as the measurement in architectural plansinterior walls. The air space measurement Another method, typically used in condominium maps and recorded condominium declarationsplats, varies from the architectural method and measures square footage from the inside edge of the exterior walls and from to the inside edge of demising the interior walls, and . So long as the Condominium is the measurement likely to be listed by the Pitkin County Assessor’s Office constructed substantially in its public records. Any references to square footage in accordance with the Plans and Specifications and/or in Seller’s marketing materials likely utilizes the architectural method described above. Purchaser acknowledges and agrees that square footage calculations may be made in a variety of manners and Purchaser Specifications, Buyer will have no right to rescind this AgreementREPC, nor will Purchaser Buyer be entitled to any claim for breach of this Agreement REPC or adjustment of the Purchase Price, on account of alleged discrepancies in square footage calculations. PURCHASER BUYER HEREBY ACKNOWLEDGES THAT PURCHASER BUYER HAS EITHER INDEPENDENTLY VERIFIED SQUARE FOOTAGES CONTAINED IN REVIEWED AND ACCEPTED THE PLANS AND SPECIFICATIONS OR AND HAS ELECTED NOT HAD THE OPPORTUNITY TO DO SO. Purchaser further acknowledges and understands that minor changes in square footages may occur during construction of the Unit and that the square footages of the Unit as disclosed in Exhibit B are approximate onlyINDEPENDENTLY VERIFY THE SQUARE FOOTAGES CONTAINED THEREIN.