TARION Sample Clauses
TARION. 5.2 The Purchaser acknowledges that if it is the policy of the municipality to issue occupancy permits or certificates, such permits or certificates may not be available for delivery to the Purchaser on the Closing Date. Provided that the dwelling has been inspected and approved for occupancy by the municipality on or before the Closing Date, the Purchaser shall accept the undertaking of the Vendor to provide a copy of the occupancy permit or certificate to be issued by the municipality as soon as possible following the Closing Date.
5.3 The Purchaser covenants to occupy the dwelling forthwith after the Closing Date.
TARION a) DISCLOSURE: Purchasers should note that the Agreement may contain provisions about some or all of the following:
(i) There may be rights or conditions by which the Vendor may terminate this Agreement regardless of whether or not the Purchaser is in default;
(ii) It may be a condition of closing that the Purchaser be approved by mortgage lender(s);
(iii) The rate payable on any mortgage in the Agreement may be subject to increase;
(iv) The Vendor may have the right to alter plans and specifications or substitute materials without notice;
(v) The purchase price in the Agreement may be increased or adjusted by certain additional costs or charges. (In addition, purchasers are advised that on closing and registration, certain fees and taxes will be payable to the Province of Ontario.)
(vi) If the Purchaser cannot identify or understand any of these provisions the Purchaser should discuss them with the Vendor or salesperson.
(vii) The Purchaser is advised to consult a solicitor before signing the Agreement.
TARION. The Registration Number of the Vendor under the Ontario New Home Warranties Plan Act is . [Signature Page to the Agreement of Purchase and Sale]
TARION. In the event of any discrepancy between the wording contained in this Agreement and the provisions of the Tarion schedule, being Schedule “A”, the provisions of Schedule “A” shall be paramount and shall override such wording.
TARION. In the event of any discrepancy between the wording contained in this Agreement and the provisions of the Tarion Addendum the provision of the Tarion Addendum shall be paramount and shall override such wording. TARION ADDENDUM TO These are additional charges, fees or other anticipated adjustments to the final purchase price or balance due on Closing, the dollar value of which is stipulated in the Purchase Agreement and set out below. DESCRIPTION SECTION AMOUNT
1. Late Closing Penalty 3(b) $1,000.00
2. Penalty for Non-Disclosure of Purchaser’s Solicitorprior to Occupancy Date 4(h) $350.00
3. Energization of Water Meter and Connection for Hydro Meter 14(a)(v) $1,800.00 plus HST 4 Fee for compliance with 81(6) of the Act 14(a)(ix) $150.00 plus HST