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:
New Interactive Delayed Closing Addenda Forms as of July 26, 2012
The forms originally posted have now been replaced with the PDF interactive forms below. Builders should be using the newly posted forms of the Addenda as these new forms now include the arbitration provision (s.15 of the freehold and condominium forms and s.16 of the POTL/CEC form).
These will come into effect on October 1, 2012, however, they are optional to use after July 1st, 2012.
• Freehold Firm Closing Date - Addendum
• Freehold Tentative Closing Date - Addendum
• Condominium Firm Occupancy Date - Addendum
• Condominium Tentative Occupancy Date - Addendum
• Limited Use Freehold Firm Occupancy Date - Addendum
• Limited Use Freehold Tentative Occupancy Date - Addendum
If your new freehold 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:
However, if project viability conditions are permitted and included in your purchase agreement or the deal is conditional on the sale of the purchaser's existing home, you must use one of the forms below:
Statement of Critical Dates calculator
To create an Addendum with a Statement of Critical Dates, click on the link below:
To view or download a Statement of Critical Dates paper calendar, click on the link below:
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:
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:
However, if the deal is conditional on the sale of the purchaser's existing home, you may use one of the forms below:
Statement of Critical Dates Calculator
To create an Addendum with a Statement of Critical Dates, click on the link below:
To view or download a Statement of Critical Dates paper calendar, click on the link below: