Common use of Initial Sale Price Clause in Contracts

Initial Sale Price. 1. Upon completion of the Affordable Unit, the Developer shall not sell the Affordable Unit for a price greater than the Initial Sale Price as shown on Exhibit B. Developer may not increase the Initial Sale Price for an Affordable Unit without the prior written approval of the Declarant and Declarant may withhold or condition its written approval, if any, in its sole and absolute discretion.

Appears in 5 contracts

Samples: Affordable Housing Covenant, Affordable Housing Covenant, Affordable Housing Covenant

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