Common use of Settling in Period Clause in Contracts

Settling in Period. Right now, when you purchase a unit from Xxxxxxxxx Gardens Retirement Village, you are entitled to a ‘Settling in Period’. What this means is that within 6 months after the Commencement Date of your agreement (i.e. the Settling in Period), if you decide that the unit is not suitable for you for any reason, you may exercise your right to terminate the contract. You will not be required to pay any Exit Fees if you do so, but will be required to pay the General Services Charge and the Maintenance Reserve Fund contribution.

Settling in Period. Right now, when you purchase a unit from Xxxxxxxxx Gardens Gracehaven Retirement Village, you are entitled to a ‘Settling in Period’. What this means is that within 6 months after the Commencement Date of your agreement (i.e. the Settling in Period), if you decide that the unit is not suitable for you for any reason, you may exercise your right to terminate the contract. You will not be required to pay any Exit Fees if you do so, but will be required to pay the General Services Charge and the Maintenance Reserve Fund contribution.