Common use of Preliminary Plat Clause in Contracts

Preliminary Plat. Attached as Schedule D to this Agreement is an approved preliminary plat (the “Preliminary Plat”) showing the Townhome Lot. A final subdivision plat (the “Final Subdivision Plat”) showing the Townhome Lot has not yet been properly approved under the subdivision ordinance or recorded with the Register of Deeds of the county in which the Townhome Lot is located. A FINAL SUBDIVISION PLAT HAS NOT BEEN APPROVED OR RECORDED ON THE DATE OF THE AGREEMENT. NO GOVERNMENTAL BODY WILL INCUR ANY OBLIGATION TO THE PURCHASER WITH RESPECT TO THE APPROVAL OF THE FINAL SUBDIVISION PLAT. CHANGES BETWEEN THE PRELIMINARY PLAT AND FINAL SUBDIVISION PLATS ARE POSSIBLE. THE AGREEMENT MAY BE TERMINATED WITHOUT BREACH BY THE PURCHASER IF THE RECORDED FINAL SUBDIVISION PLAT DIFFERS IN ANY MATERIAL RESPECT FROM THE PRELIMINARY PLAT.

Appears in 5 contracts

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

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