o_1937aahn31ruc1bt9ajr12u811a.pdf

(g)
Should there be a change to the area of the Land of more than 5%, then
the Purchaser may not rescind the Contract, but instead if the area of
the Land decreases by more than 5%, then the purchase Price for the
Land will be reduced 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
8.3 Staging Acknowledgement
(a)
The Purchaser acknowledges and agrees that:
(i)
(ii)
the development may be subdivided and developed in stages;
and
the Vendor may develop further stages of the Plan of Subdivision
for any purpose permitted by the relevant authorities.
(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 development by the
Vendor.
8.4 Notwithstanding Special Conditions 8.1(c) and 8.2(c), the Vendor shall not be
obliged to carry out any requirements of the Council, the Registrar of Titles,
or any other Authority to enable the issue of a Planning Permit or registration
of the Plan of Subdivision if those requirements are unusual or, in the Vendor’s
opinion, onerous.
8.5 In the event that this Contract is terminated other than for default by the
Purchaser, then any Reservation Fee paid by the Purchaser to the Vendor
under the Lot Reservation Agreement entered into between the parties, shall
be refunded to the Purchaser in full.
9 OUTGOINGS
9.1 Except as provided for in Special Condition 9.2 below, all rates, taxes,
assessments and other outgoings in respect of the Property shall be adjusted
as at the Settlement Date.
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