Common use of Objections to Title Clause in Contracts

Objections to Title. 9.1 Any objections to or requisitions on the title to the lots which the Purchaser shall be entitled to make, must be stated in writing to the Vendor's solicitors within five (5) working days from the date the Vendor or it’s solicitor notifies the Purchaser or their solicitor of the issue of the title to the lot (time being essential) and in default thereof the same shall be held to be waived and the title to have been absolutely accepted by the Purchaser. In the event of the Vendor being unable or unwilling to remove or comply with any objections or requisitions properly made the Vendor shall be at liberty notwithstanding any intermediate negotiations by notice in writing to the Purchaser to cancel the Agreement in which case the Purchaser shall receive back all moneys paid to the Vendor in accordance with the terms hereof (excluding any interest) but shall have no other claim whatsoever on the Vendor for the expense of investigating the title or for compensation or for any other payment whatsoever. 9.2 If any pegs for the property are missing or if there is any damage to any Local Authority structure, road or footpath on, near or adjacent to the property the Vendor will have no responsibility unless notified in writing prior to the Possession Date. In the event that the Purchaser has not notified the Vendor by that date, then the Purchaser shall be deemed to have accepted the lot and its surrounding Local Authority structures, roads or footpaths in the condition then evident on the date for possession.

Appears in 5 contracts

Samples: Sale and Purchase Agreement, Sale and Purchase Agreement, Sale and Purchase Agreement

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