STANDARD CONDOMINIUM UNITS. Purchasers of Units are hereby advised that the Vendor’s builder’s risk and/or comprehensive liability insurance (effective prior to the registration of the Condominium), and the Condominium’s master insurance policy (effective from and after the registration of the Condominium) will only cover the common elements and the standard unit and will not cover any betterments or improvements made to the standard unit, nor any furnishings or personal belongings of the Purchaser or other residents of the Unit, and accordingly the Purchaser should arrange for his or her own insurance coverage with respect to same, effective from and after the Occupancy Date, all at the Purchaser’s sole cost and expense, and in accordance with the Occupancy License appended to and forming part of the Agreement of Purchase and Sale.
Appears in 4 contracts
Samples: Agreement of Purchase and Sale, Agreement of Purchase and Sale, Agreement of Purchase and Sale
