Common use of Purchase of Land Clause in Contracts

Purchase of Land. a) The Vendor warrants that it has entered into an unconditional contract for the purchase of the property from the current registered proprietor and has been granted possession of the property for the purposes of construction of the House. Settlement of the purchase of the property from the current registered proprietor will take place on the same day as the Settlement Date. b) Plans for the House have been approved in accordance with clause 2.1 of the land covenant registered on the Title to the property and the Vendor will comply with all terms and conditions in its purchase contract with the current registered proprietor and all conditions of any Consent Notice registered on the title to the property.

Purchase of Land. a) The Vendor warrants that it has entered into an unconditional contract for the purchase of the property from the current registered proprietor and has been granted possession of the property for the purposes of construction of the House. Settlement of the purchase of the property from the current registered proprietor will take place on the same day as the Settlement Date. b) Plans for the House have been approved in accordance with clause 2.1 of the land covenant registered on the Title to the property and the Vendor will comply with all terms and conditions in its purchase contract with the current registered proprietor and all conditions of any Consent Notice registered on the title to the property.