Common use of Title and Closing Clause in Contracts

Title and Closing. The Purchaser acknowledges and agrees that the Purchaser shall not have the right to direct title into the name of any other person or entity who is not also contractually bound as a Purchaser pursuant to this Agreement. The Purchaser shall advise the Vendor within 30 days of execution of the Agreement, of any typos or mistakes in the Purchaser(s) name, address or contact information as noted on the Agreement or any schedules thereto. If the Purchaser will be taking title as Tenants in Common or as Joint Tenants the Purchaser shall advise the Vendor at least 60 days prior to the Closing Date, failing which the Vendor will convey title to the Purchaser set forth and named in this Agreement, and that the Purchasers will hold title as Tenants in Common. Should the Purchaser fail to provide the requisite information as noted above and thereafter require amendments to the documents prepared by the Vendor’s solicitors, the Vendor’s solicitors and the Vendor shall be entitled to charge a fee in order to make any changes, if said changes are acceptable to the Vendor.