Common use of ASSUMPTION OF THE SUBDIVISION Clause in Contracts

ASSUMPTION OF THE SUBDIVISION. Purchasers/Tenants are advised the “Assumption of the Subdivision” by the Town may not occur until 5 years after occupancy and to refer to the conditions in Section 46 of the Subdivision Agreement that must be complied with prior to assumption by the Town.

Appears in 7 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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ASSUMPTION OF THE SUBDIVISION. Purchasers/Tenants Purchasers are advised the “Assumption of the Subdivision” by the Town may not occur until 5 years after occupancy and the issuance of a Certificate of Acceptance from the Commissioner of Public Works / Commissioner of Planning and Development pursuant to refer to the conditions in Section 46 of the Subdivision Agreement that must be complied with prior to assumption by the Town.

Appears in 2 contracts

Samples: Purchase & Sale Agreement, Purchase and Sale Agreement

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