Common use of Buyer’s Acknowledgments Clause in Contracts

Buyer’s Acknowledgments. Buyer acknowledges that Buyer has read this Contract and that the same constitutes the entire agreement between Buyer and Seller, and no other agreements, promises or warranties, either express or implied, except those expressly set forth herein, have been made to Buyer by Seller, its salesmen or agents. All prior and contemporaneous agreements, representations, reservations, marketing materials, or statements, express or implied, are superseded and merged herein. Buyer acknowledges the following: 8.1 Buyer has received and has reviewed or has had the opportunity to review the Due Diligence Documents. Buyer acknowledges that the Seller, the Association, and the District may from time to time amend and modify the Due Diligence Documents. 8.2 Buyer is not relying upon any representations with respect to the Lot, the size of the Lot, the value of the Lot, the existence or preservation of any view or vista with respect to the Lot, any noise, the availability of any common elements, or any other matter relating to the Lot or its suitability for your intended purposes other than for the construction of residential improvements. In that regard, you acknowledge that you are not relying upon square footage figures reflected in marketing or other materials distributed to you or your agents, or otherwise represented to you, as such square footage figures may not reflect the actual building area of the lot (which may be smaller). 8.3 Buyer is relying on his or her own professional, tax, business and legal advisors in making the decision to purchase the Lot. Seller has made no representations regarding the rental or rentability of any improvements on the Lot. 8.4 Buyer acknowledges that the Lot is located in a project that is intended to be developed in phases. Seller has offered no assurances that the other phases will be developed, or when they will be developed. As part of a project to be built in phases, Buyer may be subject to many inconveniences arising out of these activities. Buyer waives any claims against seller for any such inconveniencies including fugitive dust, noise, traffic, temporary closures of the roads, and temporary shut offs of utility services. Buyer agrees not to object to or protest against Seller’s right to complete the project or other phases of the project.