Forum Replies Created
Hi Terry,
This is what's in the contract:
This Contract is subject to and conditional upon the Seller registering the Plan under the Land Title Act 1994 and establishing the Scheme under the Act on or before a date that is 3 years after the Contract Date ("the Sunset Date").
13.2 Seller's Obligations
The Seller must take all reasonable steps to register the Plan and establish the Scheme by the Sunset Date.I have gone through the contract and cannot find any date mentioned in the contract, so my next logical step is getting in contact with the the councils/government body to find out when the plan was registered/approved.
Hi
Thanks for the replies so far, I am having my lawyer look at it. I got the letter after the contract was signed. I have looked through the contract myself and cannot find any time frame or specific date under the Settlement or Sunset clause of the contract which I find unusual in itself. I will also be contacting the local council regarding the building plans lodged with themThanks all