Purchaser’s Termination Period. If the purchase of the home is not completed by the Outside Closing Date, then the Purchaser can terminate the transaction during a period of 30 days thereafter (the “Purchaser’s Termination Period”), which period, unless extended by mutual agreement, will end on: the day of , 20 . If the Purchaser terminates the transaction during the Purchaser’s Termination Period, then the Purchaser is entitled to delayed closing compensation and to a full refund of all monies paid plus interest (see sections 7, 10 and 11 of the Addendum). Note: Any time a Critical Date is set or changed as permitted in the Addendum, other Critical Dates may change as well. At any given time the parties must refer to: the most recent revised Statement of Critical Dates; or agreement or written notice that sets a Critical Date, and calculate revised Critical Dates using the formulas contained in the Addendum. Critical Dates can also change if there are unavoidable delays (see section 5 of the Addendum). Acknowledged this day of , 20 . VENDOR: PURCHASER: _ _ _ _ Addendum to Agreement of Purchase and Sale Delayed Closing Warranty This addendum, including the accompanying Statement of Critical Dates (the “Addendum”), forms part of the agreement of purchase and sale (the “Purchase Agreement”) between the Vendor and the Purchaser relating to the Property. This Addendum is to be used for a transaction where the home purchase is in substance a purchase of freehold land and residential dwelling. This Addendum contains important provisions that are part of the delayed closing warranty provided by the Vendor in accordance with the Ontario New Home Warranties Plan Act (the “ONHWP Act”). If there are any differences between the provisions in the Addendum and the Purchase Agreement, then the Addendum provisions shall prevail. PRIOR TO SIGNING THE PURCHASE AGREEMENT OR ANY AMENDMENT TO IT, THE PURCHASER SHOULD SEEK ADVICE FROM A LAWYER WITH RESPECT TO THE PURCHASE AGREEMENT OR AMENDING AGREEMENT, THE ADDENDUM AND THE DELAYED CLOSING WARRANTY. Xxxxxx recommends that Purchasers register on Xxxxxx’s MyHome on-line portal and visit Tarion’s website – xxxxxx.xxx, to better understand their rights and obligations under the statutory warranties. The Vendor shall complete all blanks set out below. VENDOR Full Name(s) HCRA Licence Number Address Phone City Province Postal Code Fax Email* PURCHASER Full Name(s) WEB COPY Address City Province Postal Code Phone Fax Email* PROPERTY DESCRIPTION Municipal Address Ci...
Purchaser’s Termination Period. If the purchase of the home is not completed by the Outside Closing Date, then the Purchase can terminate the transaction during a period of 30 days thereafter (the “Purchaser’s Termination Period”), which period, unless extended by mutual agreement, will end on: If the Purchaser terminates the transaction during the Purchaser’s Termination Period, then the Purchaser is entitled to delayed closing compensation and to a full refund of all monies paid plus interest (see sections 7, 10 and 11 of the Addendum).
Purchaser’s Termination Period. If the purchase of the home is not completed by the Outside Closing Date, then the Purchaser can terminate the transaction during a period of 30 days thereafter (the the day of , 201_. the day of , 201_.* the day of , 201_.* the day of , 201_.* the day of , 201_. the day of , 201_. “Purchaser’s Termination Period”), which period, unless extended by mutual agreement, will end on: the day of , 201_. If the Purchaser terminates the transaction during the Purchaser’s Termination Period, then the Purchaser is entitled to delayed closing compensation and to a full refund of all monies paid plus interest (see sections 7, 10 and 11 of the Addendum).
Purchaser’s Termination Period. If the purchase of the home is not completed by the Outside Closing Date, then the Purchaser can terminate the transaction during a period of 30 days thereafter (the “Purchaser’s Termination Period”), which period, unless extended by mutual agreement, will end on: If the Purchaser terminates the transaction during the Purchaser’s Termination Period, then the Purchaser is entitled to delayed closing compensation and to a full refund of all monies paid plus interest (see sections 7, 10 and 11 of the Addendum). the 10th day of October, 2019. the 7th day of February, 2020.* the 8th day of June, 2020.* the 8th day of February, 2021.* the 12th day of July, 2019. the 8th day of November, 2019. the 10th day of March, 2021.* Note: Any time a Critical Date is set or changed as permitted in the Addendum, other Critical Dates may change as well. At any given time the parties must refer to: the most recent revised Statement of Critical Dates; or agreement or written notice that sets a Critical Date, and calculate revised Critical Dates using the formulas contained in the Addendum. Critical Dates can also change if there are unavoidable delays (see section 5 of the Addendum). Acknowledged this 3rd day of April, 2018. PURCHASER : VENDOR :
