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The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,406 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,407 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,408 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,409 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,410 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,411 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,412 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,413 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,414 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,415 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,416 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,417 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,418 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,419 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,420 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,421 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,422 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,423 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,424 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,425 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot . (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,426 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: (i) a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and (ii) should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
(iii) a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and (iv) should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: (v) The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot . (vi) for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. (vii) where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,427 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,428 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,429 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,430 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,431 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,432 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,433 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,434 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,435 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,436 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,437 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,438 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,439 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,440 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,441 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,442 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,443 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,444 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,445 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,446 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,447 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,448 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,449 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,450 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,451 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,452 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,453 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,454 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,455 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,456 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,457 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot . for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,458 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
(i) the Vendor providing the notice required under section 9AC(1) of the Act; and (ii) the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot . for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,459 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,460 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,461 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,462 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,463 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,464 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,465 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,466 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,467 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,468 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,469 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,470 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,471 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,472 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,473 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,474 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,475 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,476 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,477 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,478 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,479 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,480 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,481 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,482 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot (calculated having regard to the total area of the Apartment and balcony). for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,483 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,484 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale (excluding balconies); and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,485 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,486 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land (excluding balconies) of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,487 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,488 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot. for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,489 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Variations and Alterations to Plan
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot . for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,490 |
The Vendor may make a variation to the POS but any variation cannot cause a material variation of the floor plan by more than 23% and if that does occur the purchase price will be reduced by using the formula in 4.3(b).
This has been reduced to 5% by way of SC37.6.
|
Subject to:
the Vendor providing the notice required under section 9AC(1) of the Act; and the Purchaser’s right of rescission under section 9AC(2) of the Act, the Vendor may make any variation or alteration to the Plan of Subdivision, including the lot entitlement and lot liability as set out in the Owners Corporation Schedule in respect of the Plan of Subdivision. The Purchaser acknowledges that a variation to the Plan may result in a change to the floor area of the Land. The Vendor and Purchaser agree that: a change to the floor area of the Land of less than 23% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the Land of more than 23%, then the Purchaser may not rescind the Contract, but instead the purchase Price for the Land will be adjusted as follows: AP = A x P
I Where:
AP is the adjusted Price
A is the actual area of the Land (excluding balconies)
I is the proposed area of the Land as at the Day of Sale; and P is the Price set out in this Contract
a change to the floor area of the balcony on the Land of less than 10% is not a material variation for the purposes of section 9AC(2) of the Act; and should there be a decrease to the floor area of the balcony on the Land of more than 10%, then the Purchaser may not rescind the Contract, but instead the purchase Price will be adjusted as follows: The Price shall be reduced by an amount calculated by multiplying the area in square meters by which the balcony has decreased by 25% of the Price per square metre payable for the Lot . for the purposes of this Special Condition, the floor area of the Land shall be determined by reference to Architectural Plans. where in this Contract or any annexure there is a reference to an area, that area shall be deemed to have been calculated in accordance with the Property Council of Australia Method of Measurement Guidelines unless expressly stated to the contrary.
The Purchaser acknowledges that, prior to the registration of the Plan of Subdivision, the Vendor may subdivide or consolidate any and all of the lots on the Plan of Subdivision. Section 10(1) of the Act does not apply to this Contract in respect of the final location of any easement shown on the Plan of Subdivision. The Purchaser agrees to do all acts, matters and things and to execute all documents necessary to enable the Vendor to obtain registration of the Plan of Subdivision.
The Purchaser acknowledges that the position and allocated number of the car park being sold with this Contract may vary from that set out in the Particulars of Sale. The Purchaser agrees that, so long as the car park is within 20 metres from the position of the car park marked on the plan annexed to this Contract, the Purchaser shall not object to that variation to the Plan of Subdivision and this Contract, and the Purchaser agrees that this variation shall not be a material amendment to the Plan of Subdivision.
The Vendor may apply to vary the Planning Permit to permit construction of additional floors. In the event the Planning Permit is varied, there shall be no change to the area or position of the Lot. The lot entitlement and lot liability for any additional Lots will be calculated on the same basis as has been used to create the entitlements and liabilities as set out in the Plan. The Purchaser agrees that the construction of any additional Lots will not materially affect the Lot to which this Contract relates and shall not give the Purchaser the right to rescind the Contract under section 9AC of the Act.
| 1,491 |
The Building Works may be undertaken in stages and the purchaser cannot make any claims against the vendor as a result of any noise, dust, dirt, debris or inconvenience caused.
|
Staging Acknowledgement
(a) The Purchaser acknowledges and agrees that:
(i) the Building Works may be undertaken in stages; and (ii) the Vendor may develop further stages of the Plan of Subdivision for any purpose permitted by the Planning Permit Conditions obtained by the Vendor.
(b) The Purchaser must not make any requisition or claim any compensation or purport to rescind this Contract or to avoid any of its obligations under this Contract as a result of the staging of the Building Works by the Vendor including but not limited to any noise, dust, dirt, debris, or inconvenience generated by such staging of the Building Works. In particular, the Vendor makes no warranty that any apartment building other than the building in which the Property is located will be built, and any
| 1,492 |
The Building Works may be undertaken in stages and the purchaser cannot make any claims against the vendor as a result of any noise, dust, dirt, debris or inconvenience caused.
|
(a) The Purchaser acknowledges and agrees that:
(i) the Building Works may be undertaken in stages; and (ii) the Vendor may develop further stages of the Plan of Subdivision for any purpose permitted by the Planning Permit Conditions obtained by the Vendor.
(b) The Purchaser must not make any requisition or claim any compensation or purport to rescind this Contract or to avoid any of its obligations under this Contract as a result of the staging of the Building Works by the Vendor including but not limited to any noise, dust, dirt, debris, or inconvenience generated by such staging of the Building Works. In particular, the Vendor makes no warranty that any apartment building other than the building in which the Property is located will be built, and any
| 1,493 |
The Building Works may be undertaken in stages and the purchaser cannot make any claims against the vendor as a result of any noise, dust, dirt, debris or inconvenience caused.
|
Staging Acknowledgement
The Purchaser acknowledges and agrees that:
the Building Works may be undertaken in stages; and the Vendor may develop further stages of the Plan of Subdivision for any purpose permitted by the Planning Permit Conditions obtained by the Vendor.
The Purchaser must not make any requisition or claim any compensation or purport to rescind this Contract or to avoid any of its obligations under this Contract as a result of the staging of the Building Works by the Vendor including but not limited to any noise, dust, dirt, debris, or inconvenience generated by such staging of the Building Works. In particular, the Vendor makes no warranty that any apartment building other than the building in which the Property is located will be built, and any
| 1,494 |
The Building Works may be undertaken in stages and the purchaser cannot make any claims against the vendor as a result of any noise, dust, dirt, debris or inconvenience caused.
|
The Purchaser acknowledges and agrees that:
the Building Works may be undertaken in stages; and the Vendor may develop further stages of the Plan of Subdivision for any purpose permitted by the Planning Permit Conditions obtained by the Vendor.
The Purchaser must not make any requisition or claim any compensation or purport to rescind this Contract or to avoid any of its obligations under this Contract as a result of the staging of the Building Works by the Vendor including but not limited to any noise, dust, dirt, debris, or inconvenience generated by such staging of the Building Works. In particular, the Vendor makes no warranty that any apartment building other than the building in which the Property is located will be built, and any
| 1,495 |
The Building Works may be undertaken in stages and the purchaser cannot make any claims against the vendor as a result of any noise, dust, dirt, debris or inconvenience caused.
|
Staging Acknowledgement
The Purchaser acknowledges and agrees that:
(i) the Building Works may be undertaken in stages; and (ii) the Vendor may develop further stages of the Plan of Subdivision for any purpose permitted by the Planning Permit Conditions obtained by the Vendor.
The Purchaser must not make any requisition or claim any compensation or purport to rescind this Contract or to avoid any of its obligations under this Contract as a result of the staging of the Building Works by the Vendor including but not limited to any noise, dust, dirt, debris, or inconvenience generated by such staging of the Building Works. In particular, the Vendor makes no warranty that any apartment building other than the building in which the Property is located will be built, and any
| 1,496 |
The Building Works may be undertaken in stages and the purchaser cannot make any claims against the vendor as a result of any noise, dust, dirt, debris or inconvenience caused.
|
The Purchaser acknowledges and agrees that:
(i) the Building Works may be undertaken in stages; and (ii) the Vendor may develop further stages of the Plan of Subdivision for any purpose permitted by the Planning Permit Conditions obtained by the Vendor.
The Purchaser must not make any requisition or claim any compensation or purport to rescind this Contract or to avoid any of its obligations under this Contract as a result of the staging of the Building Works by the Vendor including but not limited to any noise, dust, dirt, debris, or inconvenience generated by such staging of the Building Works. In particular, the Vendor makes no warranty that any apartment building other than the building in which the Property is located will be built, and any
| 1,497 |
The Building Works may be undertaken in stages and the purchaser cannot make any claims against the vendor as a result of any noise, dust, dirt, debris or inconvenience caused.
|
Staging Acknowledgement
(a) The Purchaser acknowledges and agrees that:
the Building Works may be undertaken in stages; and the Vendor may develop further stages of the Plan of Subdivision for any purpose permitted by the Planning Permit Conditions obtained by the Vendor.
(b) The Purchaser must not make any requisition or claim any compensation or purport to rescind this Contract or to avoid any of its obligations under this Contract as a result of the staging of the Building Works by the Vendor including but not limited to any noise, dust, dirt, debris, or inconvenience generated by such staging of the Building Works. In particular, the Vendor makes no warranty that any apartment building other than the building in which the Property is located will be built, and any
| 1,498 |
The Building Works may be undertaken in stages and the purchaser cannot make any claims against the vendor as a result of any noise, dust, dirt, debris or inconvenience caused.
|
(a) The Purchaser acknowledges and agrees that:
the Building Works may be undertaken in stages; and the Vendor may develop further stages of the Plan of Subdivision for any purpose permitted by the Planning Permit Conditions obtained by the Vendor.
(b) The Purchaser must not make any requisition or claim any compensation or purport to rescind this Contract or to avoid any of its obligations under this Contract as a result of the staging of the Building Works by the Vendor including but not limited to any noise, dust, dirt, debris, or inconvenience generated by such staging of the Building Works. In particular, the Vendor makes no warranty that any apartment building other than the building in which the Property is located will be built, and any
| 1,499 |
The Vendor has a right to terminate the Contract if within 18 months from the Day of Sale (the day both parties have signed the Contract) the Registrar of Titles or any relevant Authority places an onerous requirement on the Vendor, the Vendor has not sold at least half the residential Lots or the Vendor is unable to procure adequate funding or the Vendor is unable to obtain a permit for the development
|
Vendor’s right of rescission
If within 18 months from the Day of Sale:
(a) any requirement is imposed on the Vendor by the Registrar of Titles or any Relevant Authority which, in the opinion of the Vendor, is too onerous for the Vendor to perform;
(b) if the Vendor has not entered into Contracts of Sale on which full Deposits have been paid for at least half of the residential Lots; or
(c) if the Vendor is unable to procure adequate funding to continue the development of the Property on commercial terms satisfactory to the Vendor acting reasonably or if the Vendor is unable to obtain a permit for the development,
the Vendor may rescind this Contract by notice in writing to the Purchaser.
| 1,500 |
The Vendor has a right to terminate the Contract if within 18 months from the Day of Sale (the day both parties have signed the Contract) the Registrar of Titles or any relevant Authority places an onerous requirement on the Vendor, the Vendor has not sold at least half the residential Lots or the Vendor is unable to procure adequate funding or the Vendor is unable to obtain a permit for the development
|
If within 18 months from the Day of Sale:
(a) any requirement is imposed on the Vendor by the Registrar of Titles or any Relevant Authority which, in the opinion of the Vendor, is too onerous for the Vendor to perform;
(b) if the Vendor has not entered into Contracts of Sale on which full Deposits have been paid for at least half of the residential Lots; or
(c) if the Vendor is unable to procure adequate funding to continue the development of the Property on commercial terms satisfactory to the Vendor acting reasonably or if the Vendor is unable to obtain a permit for the development,
the Vendor may rescind this Contract by notice in writing to the Purchaser.
| 1,501 |
The Vendor has a right to terminate the Contract if within 18 months from the Day of Sale (the day both parties have signed the Contract) the Registrar of Titles or any relevant Authority places an onerous requirement on the Vendor, the Vendor has not sold at least half the residential Lots or the Vendor is unable to procure adequate funding or the Vendor is unable to obtain a permit for the development
|
Vendor’s right of rescission
If within 18 months from the Day of Sale:
any requirement is imposed on the Vendor by the Registrar of Titles or any Relevant Authority which, in the opinion of the Vendor, is too onerous for the Vendor to perform;
if the Vendor has not entered into Contracts of Sale on which full Deposits have been paid for at least half of the residential Lots; or
if the Vendor is unable to procure adequate funding to continue the development of the Property on commercial terms satisfactory to the Vendor acting reasonably or if the Vendor is unable to obtain a permit for the development,
the Vendor may rescind this Contract by notice in writing to the Purchaser.
| 1,502 |
The Vendor has a right to terminate the Contract if within 18 months from the Day of Sale (the day both parties have signed the Contract) the Registrar of Titles or any relevant Authority places an onerous requirement on the Vendor, the Vendor has not sold at least half the residential Lots or the Vendor is unable to procure adequate funding or the Vendor is unable to obtain a permit for the development
|
If within 18 months from the Day of Sale:
any requirement is imposed on the Vendor by the Registrar of Titles or any Relevant Authority which, in the opinion of the Vendor, is too onerous for the Vendor to perform;
if the Vendor has not entered into Contracts of Sale on which full Deposits have been paid for at least half of the residential Lots; or
if the Vendor is unable to procure adequate funding to continue the development of the Property on commercial terms satisfactory to the Vendor acting reasonably or if the Vendor is unable to obtain a permit for the development,
the Vendor may rescind this Contract by notice in writing to the Purchaser.
| 1,503 |
The Vendor has a right to terminate the Contract if within 30 months from the Day of Sale (the day both parties have signed the Contract) the Registrar of Titles or any relevant Authority places an onerous requirement on the Vendor, the Vendor has not sold at least half the residential Lots or the Vendor is unable to procure adequate funding or the Vendor is unable to obtain a permit for the development
|
Vendor’s right of rescission
If within 30 months from the Day of Sale:
(a) any requirement is imposed on the Vendor by the Registrar of Titles or any Relevant Authority which, in the opinion of the Vendor, is too onerous for the Vendor to perform;
(b) if the Vendor has not entered into Contracts of Sale on which full Deposits have been paid for at least half of the residential Lots; or
(c) if the Vendor is unable to procure adequate funding to continue the development of the Property on commercial terms satisfactory to the Vendor acting reasonably or if the Vendor is unable to obtain a permit for the development,
the Vendor may rescind this Contract by notice in writing to the Purchaser.
| 1,504 |
The Vendor has a right to terminate the Contract if within 30 months from the Day of Sale (the day both parties have signed the Contract) the Registrar of Titles or any relevant Authority places an onerous requirement on the Vendor, the Vendor has not sold at least half the residential Lots or the Vendor is unable to procure adequate funding or the Vendor is unable to obtain a permit for the development
|
If within 30 months from the Day of Sale:
(a) any requirement is imposed on the Vendor by the Registrar of Titles or any Relevant Authority which, in the opinion of the Vendor, is too onerous for the Vendor to perform;
(b) if the Vendor has not entered into Contracts of Sale on which full Deposits have been paid for at least half of the residential Lots; or
(c) if the Vendor is unable to procure adequate funding to continue the development of the Property on commercial terms satisfactory to the Vendor acting reasonably or if the Vendor is unable to obtain a permit for the development,
the Vendor may rescind this Contract by notice in writing to the Purchaser.
| 1,505 |
Subsets and Splits
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