USE OF THE LANDS. The Purchaser agrees and acknowledges that the Vendor is transferring title to the Lands subject to a condition subsequent. The Purchaser covenants to construct a permanent dwelling on the Property within three (3) years of the Closing Date, and the Purchaser agrees to enter into a Development Agreement, substantively as appended to this Agreement, to secure that covenant.
Appears in 3 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement