Common use of Lot Use Clause in Contracts

Lot Use. 22.1 As far as the Seller is aware, the Present Use of the Property is legal but the Seller gives no warranty in respect thereof. 22.2 If at the Date of Contract: (1) under the Local Authority planning provisions the Present Use is unlawful; or (2) access and utilities to the Lot are not legally secured; or (3) compliance with or application of any Government or local Government requirements or proposals, statutory or otherwise (including Transport Infrastructure and notice of intention to resume), with respect to the Lot or adjoining land will materially adversely affect the Property; or (4) the Lot and Improvements are affected by the Queensland Heritage Act 1992 or included in the WORLD HERITAGE LIST; or (5) the Lot or part of it is declared as acquisition land under the Queensland Reconstruction Authority Act 2011, and these matters have not been disclosed in this Contract, the Buyer may by notice to the Seller, given not less than 2 days before Settlement, terminate this Contract. If such notice is not given at all or as required, the Buyer will be deemed to have accepted the Property.