Common use of Budget Estimates Clause in Contracts

Budget Estimates. The Purchaser is aware that the monthly strata corporation assessment as set out in the Disclosure Statement is an estimate only. The estimated budgets and strata fees have been prepared using the best information and projected costs currently available. The Purchaser acknowledges that there may be increases in both the budgets and strata maintenance fees in the event of unanticipated increases in expenses, or charges which are beyond the control of the Seller, and that GST will be applicable to certain components of the budgets and strata fees.

Budget Estimates. The Purchaser is aware that the monthly strata corporation assessment as set out in the Disclosure Statement is an estimate only. The estimated budgets and strata fees have been prepared using the best information and projected costs currently available. The Purchaser acknowledges that there may be increases in both the budgets and strata maintenance fees in the event of unanticipated increases in expenses, strata corporation insurance premiums or utilities charges which are beyond the control of the Seller, and that GST will be applicable to certain components of the budgets and strata fees.