Objection to Title Sample Clauses

The Objection to Title clause allows a party, typically the buyer in a real estate transaction, to formally raise concerns or objections regarding defects or issues found in the title to the property. In practice, this clause sets out a process and timeline for the buyer to review the title documents and notify the seller of any problems, such as liens, encumbrances, or discrepancies in ownership. Its core function is to ensure that the buyer receives clear and marketable title, and to provide a mechanism for resolving title issues before the transaction is finalized.
Objection to Title. If the purchaser raises a valid written objection to seller's title which means that the title to the property is unmarketable, sellers may cancel this contract by giving prompt written notice of cancellation to the purchaser. Purchaser's deposit will be returned. However, if sellers give written notice within five days that sellers will cure the problem prior to the closing date, then this contract shall continue in force until the closing date subject to sellers performing as promised. If sellers fail to cure the problem(s) within such time, the purchaser will not be obligated to purchase and his deposit will be returned.
View SourceView Similar (3)
Objection to Title. All exceptions to title which are not objected to by Purchaser shall be deemed Permitted Exceptions. “Permitted Exceptions” shall mean the Land and Lease and all exceptions contained in the Title Commitment to which Purchaser does not object in writing prior to Closing, or as to which Purchaser has waived or is deemed to have waived its objection; provided, however, that the term Permitted Exceptions shall not include (i) any mortgages, deeds of trust or similar instruments; (ii) any taxes or assessments other than general real estate taxes for the year of Closing, not yet due and payable; or (iii) any monetary judgments, liens or encumbrances;.
View Source
Objection to Title. On or before the expiration of ten (10) business days after receiving the Title Report, Purchaser may object in writing to any matter identified in the Title Report. Seller shall have five (5) days after receiving such objection notice to agree to correct the condition referenced in the title report. If the condition of title is not acceptable to Purchaser and Seller does not agree to correct it within such five (5) day period as required herein, Seller shall so notify Purchaser in writing whereupon Purchaser may, at its election, either (a) terminate this Agreement by written notice to Seller given within ten (10) days following receipt by Purchaser of the foregoing notice from Seller, following which Purchaser shall have no further obligation or responsibility hereunder, or (b) proceed to close the transaction and receive such title as Seller is able to convey, without relieving Seller’s obligation to convey quit claim deed. All exceptions to title which are not objected to by Purchaser shall be deemed waived.
View Source
Objection to Title. If the Purchaser shall raise objection to the Seller’s title which, if valid, would render the title unmarketable and which title insurance does not insure against, the Seller shall have the right to cancel this agreement by giving written notice of such cancellation to the Purchaser and shall repay to the Purchaser the deposit made hereunder and any costs incurred by Purchaser to a title company in settlement of Purchaser canceling a request for title insurance, whereupon all liability by reason of this agreement shall cease; provided, however, if the seller shall be able within a reasonable length of time to cure the objection, this contract shall remain and continue in full force and effect.
View Source
Objection to Title. If Buyer raises valid written objection to Seller's title which means that the title to the property is unmarketable, Seller may cancel this contract by giving prompt written notice of cancellation to Buyer. However, if Seller gives written notice within
View Source
Objection to Title. If Buyer raises a valid written objection to the Seller’s title which indicated that the title to the property is unmarketable, Seller may cancel this contract by given prompt written notice of cancellation to Buyer, and Buyer’s deposit shall be returned. However, if Seller is able to cure the title objection on or before the closing date, or if the title objection is insurable and Buyer is willing to accept insurable title, then this contract shall continue in force until the closing date, subject to the Seller curing the title objection and/or providing insurable title at the Seller’s expense. If Seller fails to cure the title objection on or before the closing date, or if Buyer is unwilling to accept insurable title, Buyer may cancel this contract by giving prompt written notice of cancellation to Seller, and Buyer’s deposit shall be returned.
View Source
Objection to Title. If BRE exercises its right of first offer set forth in Section 4.2 above, BRE shall have the right, at any time on or before thirty (30) days prior to closing, to object to any title matters which would have a material adverse effect on the use or value of the Sale Property. The City shall have until closing and shall use reasonable commercial efforts, but shall be under no obligation to incur any costs, to cause any such title objection to be cured or removed. In the event the City fails or refuses to so cause the cure or cause the removal of any such title objection, then BRE shall have the right not to close the proposed purchase, such election to be exercised at any time before closing; provided, however, that BRE shall have the right, at or before closing, to waive any objection to or defect in title to the Sale Property, and to close the proposed purchase.
View Source
Objection to Title. If the Commitment or any survey obtained by Purchaser as provided in subsection 8(f) below contains exceptions other than the Permitted Commitment Exceptions to which Purchaser objects, Purchaser shall notify Seller, in writing, no later than four (4) Business Days prior to the Due Diligence Expiration Date specifying the exceptions and title defects (the “Title Defects”), other than Permitted Commitment Exceptions, which exist with respect to the title to the Land (the “Title Notice”). Seller shall respond within two (2) Business Days of receipt of the Title Notice as to whether Seller elects to cure any of the Title Defects set forth in the Title Notice, either prior to or at Closing; provided, however, Seller shall be obligated in all events to cure (i) deeds of trust encumbering Seller’s interest in the Real Property, other than the Loan Security Documents, (ii) mechanics liens or judgment liens encumbering Seller’s interest in the Real Property unless bonded around by Seller, and (iii) matters affecting title to the Real Property entered into by Seller in violation of Section 8(c). If Seller fails to elect to cure any such Title Defects prior to or at Closing, then Purchaser may (i) elect to terminate this Agreement, whereupon the E▇▇▇▇▇▇ Money Deposit shall be returned to Purchaser and all rights and liabilities arising hereunder shall automatically terminate, with the exception of the obligations which expressly survive termination of this Agreement, or (ii) elect to purchase the Property without a reduction in the Purchase Price and the matters objected to shall be deemed Permitted Exceptions.
View Source

Related to Objection to Title

  • Title Objections Seller shall request Escrow Agent to cause to be delivered to Buyer a preliminary title report (the "Preliminary Report") from a title company affiliated with the Escrow Agent (the "Title Company"), showing the status of Seller’s title to the Property, together with complete and legible copies of all documents shown therein as exceptions to title ("Exceptions"). Buyer shall have until the date that is five (5) days after the Title Company delivers the Preliminary Report and Exceptions to Buyer within which to give notice in writing to Seller of any objection to such title or to any liens or encumbrances affecting the Property. Within five (5) days after receipt of such notice from Buyer, Seller shall give Buyer written notice of whether it is willing and able to remove the objected-to Exceptions. Without the need for objection by Buyer, Seller shall, with respect to liens and encumbrances that can be satisfied and released by the payment of money, eliminate such exceptions to title on or before Closing. Within five (5) days after receipt of such notice from Seller (the "Title Contingency Date"), Buyer shall elect whether to: (i) purchase the Property subject to those objected-to Exceptions which Seller is not willing or able to remove; or (ii) terminate this Agreement. If Buyer fails to give Seller notice of Buyer’s election, then such inaction shall be deemed to be Buyer’s election to terminate this Agreement. On or before the Closing Date (defined below), Seller shall remove all Exceptions to which Buyer objects and which Seller agrees, or is deemed to have agreed, Seller is willing and able to remove. All remaining Exceptions set forth in the Preliminary Report and those Exceptions caused by or agreed to by Buyer shall be deemed "Permitted Exceptions."

  • Objections Buyer may object in writing to defects, exceptions, or encumbrances to title: disclosed on the survey other than items 6A(1) through (7) above; disclosed in the Commitment other than items 6A(1) through (9) above; or which prohibit the following use or activity: . Buyer must object the earlier of (i) the Closing Date or (ii) days after ▇▇▇▇▇ receives the Commitment, Exception Documents, and the survey. Buyer’s failure to object within the time allowed will constitute a waiver of Buyer’s right to object; except that the requirements in Schedule C of the Commitment are not waived by Buyer. Provided Seller is not obligated to incur any expense, Seller shall cure any timely objections of Buyer or any third party lender within 15 days after Seller receives the objections (Cure Period) and the Closing Date will be extended as necessary. If objections are not cured within the Cure Period, Buyer may, by delivering notice to Seller within 5 days after the end of the Cure Period: (i) terminate this contract and the ▇▇▇▇▇▇▇ money will be refunded to Buyer; or (ii) waive the objections. If Buyer does not terminate within the time required, Buyer shall be deemed to have waived the objections. If the Commitment or Survey is revised or any new Exception Document(s) is delivered, Buyer may object to any new matter revealed in the revised Commitment or Survey or new Exception Document(s) within the same time stated in this paragraph to make objections beginning when the revised Commitment, Survey, or Exception Document(s) is delivered to Buyer.