Common use of Acknowledgement by Purchaser Clause in Contracts

Acknowledgement by Purchaser. 1.1 The Sectional Plan has not been approved and accordingly the exact and final boundaries, areas and numbers of the Property will be those shown on the Sectional Title Plan. 1.2 The register will be opened as soon as is reasonably possible after the completion date and approval of the Sectional Title Plan by the Surveyor General and transfer of the Property shall take place simultaneously with, or after the opening of the register. 1.3 Purchaser has read and approved the annexures to this agreement and will be obliged to accept delivery of the Property completed substantially according to the annexures and as depicted and delineated on the draft sectional plan. 1.4 Purchaser has acquainted himself with the rules and the nature, condition, beacons, extent and locality of the property. 1.5 The following provisions will apply should the actual surveyed extent of the The Property differ from the estimated extent recorded in clause 1.1 above, the Schedule of Particulars read with the Plans and Specifications ("the Deviation"): 1.5.1 If the Deviation is less than 10% (Ten percent) neither Party shall have any claim against the other, it being recorded in these circumstances that:

Appears in 2 contracts

Sources: Agreement of Sale of a Sectional Title Property, Agreement of Sale of a Sectional Title Property