Common use of DEVELOPER RIGHTS Clause in Contracts

DEVELOPER RIGHTS. Until such time as all of the Condominium Units are sold, Seller reserves the right to make such use of unsold Condominium Units and such of the Limited Common Elements and Common Elements including the related amenities and facilities, parking spaces and any storage spaces, the streets and the main entrance as are necessary for Seller’s sales and construction program and equipment storage. Xxxxx recognizes, acknowledges and agrees that, in order to accomplish Seller’s construction program, trucks, construction equipment, personnel, and noise and other inconveniences attendant thereto may be present. Buyer consents thereto, and Xxxxx agrees not to obstruct or impede any such construction or sales activities. Xxxxx further acknowledges that Seller and its agents may do remodeling at the Project Site, and Xxxxx agrees said work shall not constitute a breach of any duty of Seller or right of Buyer, including but not limited to, any right to quiet enjoyment. Buyer acknowledges that the transfer of title to the Unit shall not include any development rights or other vested rights concerning the Project or the Unit.

Appears in 3 contracts

Samples: Buy and Sell, Buy and Sell, Buy and Sell

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DEVELOPER RIGHTS. Until such time as all of the Condominium Units are sold, Seller reserves the right to make such use of unsold Condominium Units and such of the Limited Common Elements and Common Elements including the related amenities and facilities, parking spaces and any storage spaces, the streets and the main entrance as are necessary for Seller’s sales and construction program and equipment storage. Xxxxx Buyer recognizes, acknowledges and agrees that, in order to accomplish Seller’s construction program, trucks, construction equipment, personnel, and noise and other inconveniences attendant thereto may be present. Buyer consents thereto, and Xxxxx Buyer agrees not to obstruct or impede any such construction or sales activities. Xxxxx Buyer further acknowledges that Seller and its agents may do remodeling at the Project Site, and Xxxxx Buyer agrees said work shall not constitute a breach of any duty of Seller or right of Buyer, including but not limited to, any right to quiet enjoyment. Buyer acknowledges that the transfer of title to the Unit shall not include any development rights or other vested rights concerning the Project or the Unit.

Appears in 1 contract

Samples: Buy and Sell

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