Examples of Real Estate Development Marketing Act in a sentence
Each proposed party to an assignment agreement must provide the Seller with the information and records required under the Real Estate Development Marketing Act.
An assignment under the Real Estate Development Marketing Act is a transfer of some or all of the rights, obligations and benefits under a purchase agreement made in respect of a strata lot in a development property, whether the transfer is made by the purchaser under the purchase agreement to another person or is a subsequent transfer.
An assignment under the Real Estate Development Marketing Act is a transfer of some or all of the rights, obligations and benefits under a purchase agreement made in respect of a strata lot in a development property, whether the transfer is made by the Buyer under the purchase agreement to another person or is a subsequent transfer.
Should the Seller elect to enter into such an insurance contract or other form of security agreement, upon the Seller ensuring that all of the terms of the Real Estate Development Marketing Act have been fulfilled and that the Buyer has the benefit of a “deposit protection contract” as required by such Act, the Deposit shall be released to the Seller in accordance with such contract or security agreement, and the provisions of this Contract as applicable will be deemed to have been amended accordingly.
The Buyer will pay the Deposit (defined below) as follows: The Buyer will pay the Initial Deposit, the Second Deposit and the Third Deposit (collectively, the “Deposit”) to the law firm of Xxxxxxxxxx & Company (the “Seller’s Solicitor”) in trust, and the Deposit will be held in accordance with the Real Estate Development Marketing Act (British Columbia) pending the completion of the transaction.
Under Section 21 of the Real Estate Development Marketing Act, the purchaser of lessee of a development unit may rescind (cancel) the contract of Purchase and sale or contract to lease by serving written notice on the Developer or the Developer’s brokerage, within 7 days after the later of the date the contract was entered into or the date the purchaser or lessee received a copy of this Disclosure Statement.
In accordance with the Purchase Agreement, the Real Estate Development Marketing Act (British Columbia) and the Real Estate Development Marketing Regulation (British Columbia), as amended from time to time, the Developer and the Purchaser agree that the Purchaser may not assign the Purchaser’s rights under the Purchase Agreement nor direct the Developer to transfer title to the Purchaser’s Offered Strata Lot to anyone other than the Purchaser.
Pursuant to the Real Estate Development Marketing Act (British Columbia), the Seller may, upon entering into an insurance contract with an approved insurer or other form of security, cause the Deposit to be released by the Seller’s solicitor to the Seller to be used to pay costs incurred in the development of the Development.
The Buyer has the rights of rescission described in the Real Estate Development Marketing Act (the "Act") and the Disclosure Statement.