Common use of Verification of Owner-Occupant Status; Fine Clause in Contracts

Verification of Owner-Occupant Status; Fine. Buyer understands that the Real Estate Commission may require verification of Buyer’s owner-occupant status. If Buyer fails to submit such verification, Buyer may be fined in an amount equal to the profit made from any sale, assignment or transfer of the Unit.

Appears in 5 contracts

Samples: Purchase Agreement, Condominium Purchase Agreement, Condominium Purchase Agreement

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Verification of Owner-Occupant Status; Fine. Buyer Purchaser understands that the Real Estate Commission may require verification of BuyerPurchaser’s owner-occupant owner‐occupant status. If Buyer Purchaser fails to submit such verification, Buyer Purchaser may be fined in an amount equal to the profit made from any sale, assignment or transfer of the Unit.

Appears in 3 contracts

Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement

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