Common use of Initial Sales Clause in Contracts

Initial Sales. In relation to the Initial Sales of the Affordable Housing Units the following provisions shall apply:­ 3 .1.1 The Owner shall give the Council not less than four (4) months' written notice of the date when all the Affordable Housing Units will be ready for Occupation and notify the Council of the proposed Market Value(s) and; i. if the Council does not give notice to dispute the Market Value within 28 days of the notice in 3 . 1.1 the Market Value shall be deemed to be accepted

Initial Sales. In relation to the Initial Sales of the Affordable Housing Units the following provisions shall apply:­ 3 .1.1 3.1.1 The Owner RP shall give the Council not less than four (4) months' months written notice of the date when all the Affordable Housing Units will be ready for Occupation and notify the Council of the proposed Market Value(s) and; i. if the Council does not give notice to dispute the Market Value within 28 days of the notice in 3 . 1.1 the Market Value shall be deemed to be acceptedOccupation