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Understanding Delayed Closings and Occupancies

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Understanding Delayed Closings and Occupancies for Freehold Homes and Condominiums

Under the delayed closing and delayed occupancy warranty, your builder guarantees that your home will be ready for you to move in either by a date specified in the purchase agreement or by a date that has been properly extended if circumstances occur that delay the home's completion. In many cases, your builder will be required to compensate you if a delay occurs.

For more information about delayed closings and occupancies, including Addendums and Statement of Critical Dates calculators, please see below.

Freehold Buyers

Delayed Closing Protection

To learn more about Delayed Closing protection, click on the link below that corresponds to the signing date of your purchase agreement:

� Your purchase agreement was signed on or before June 30, 2008

� Your purchase agreement was signed on or after July 1, 2008

Delayed Closing Addendums

If your new home's purchase agreement was signed on or after July 1, 2008, click on the link below that corresponds to your type of closing to download an addendum:

� Freehold Firm Closing Date - Statement of Critical Dates and Addendum

� Freehold Tentative Closing Date - Statement of Critical Dates and Addendum

Statement of Critical Dates calculator

To create an Addendum with a Statement of Critical Dates, click on the link below:

� Statement of Critical Dates calculator for freehold homes

Condominium Buyers

Delayed Occupancy Protection

To learn more about Delayed Occupancy protection, click on the link below that corresponds to the signing date of your purchase agreement:

� Your purchase agreement was signed on or before June 30, 2008

� The purchase agreement for the first unit sold in your condominium project or phase was signed on or after July 1, 2008 (Ask your builder to provide this information to you.)

Delayed Occupancy Addendums

If the purchase agreement for the first unit sold in your condominium project or phase was signed on or after July 1, 2008, click on the link below that corresponds to your type of closing to download an addendum:

� Condominium Firm Occupancy Date - Statement of Critical Dates and Addendum

� Condominium Tentative Occupancy Date - Statement of Critical Dates and Addendum

Statement of Critical Dates Calculator

To create an Addendum with a Statement of Critical Dates, click on the link below:

� Statement of Critical Dates calculator for condominiums