Common use of No Investment Representations Clause in Contracts

No Investment Representations. Without limiting the generality of the provisions of Paragraph 17(a), Purchaser acknowledges that neither Seller nor any of the Seller Parties, including but not limited to the Listing Broker, have made any warranties or representations concerning (i) the Unit as an investment opportunity for appreciation of value or as a means of obtaining income from the rental thereof, or (ii) rental or other income from any Unit or as to any other economic benefit, including possible federal or state tax advantages from the ownership of a Unit. Purchaser is purchasing the Unit and the rights and privileges evidenced thereby for Purchaser’s own personal use and account and not for any other purpose and does not anticipate or expect that Purchaser will make a profit from ownership of the Unit. SELLER HEREBY EXPRESSLY DISCLAIMS AND REPUDIATES ANY REPRESENTATION FROM ANY SOURCE AS TO ANY POSSIBLE ECONOMIC BENEFIT ARISING FROM OWNERSHIP OF A UNIT IN THE PROJECT OR RESORT.

Appears in 4 contracts

Samples: Residential Unit Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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No Investment Representations. Without limiting the generality of the provisions of Paragraph 17(a), Purchaser acknowledges that neither Seller nor any of the Seller Parties, including but not limited to the Listing Broker, have made any warranties or representations concerning (i) the Unit as an investment opportunity for appreciation of value or as a means of obtaining income from the rental thereof, or (ii) rental or other income from any Unit or as to any other economic benefit, including possible federal or state tax advantages from the ownership of a Unit. Purchaser is purchasing the Unit and the rights and privileges evidenced thereby for Purchaser’s 's own personal use and account and not for any other purpose and does not anticipate or expect that Purchaser will make a profit from ownership of the Unit. SELLER HEREBY EXPRESSLY DISCLAIMS AND REPUDIATES ANY REPRESENTATION FROM ANY SOURCE AS TO ANY POSSIBLE ECONOMIC BENEFIT ARISING FROM OWNERSHIP OF A UNIT IN THE PROJECT OR RESORT.

Appears in 1 contract

Samples: Residential Unit Purchase and Sale Agreement

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