Statement Of Critical Dates - TarionStatement of Critical Dates - TarionStatement Of Critical Dates - TarionFreehold Homes - Tentative Closing DateTarion.com 2025

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The document is a Freehold Form that outlines the terms and conditions related to the purchase and sale of a property, including critical dates for closing, delayed closing warranties, and compensation for delays. It emphasizes the importance of setting tentative and firm closing dates, procedures for notifying changes, and the rights of both vendors and purchasers in case of delays or termination of the agreement. Additionally, it provides guidance on early termination conditions and adjustments to the purchase price.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the property details in the designated fields, including the full names of both the Vendor and Purchaser.
Fill in the 'Critical Dates' section. Start with the First Tentative Closing Date, ensuring you provide a specific day and month.
If applicable, set a Second Tentative Closing Date by providing proper written notice at least 90 days before the First Tentative Closing Date.
Complete the Firm Closing Date section, which must be set at least 90 days before the Second Tentative Closing Date.
Review all sections for accuracy, especially regarding notice periods for any delays in closing.
Ensure both parties sign at the bottom of the form to acknowledge agreement on all terms outlined.

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Versions	Form popularity	Fillable & printable
2020	4.8 Satisfied (76 Votes)
2012	4.2 Satisfied (74 Votes)

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What is the late closing compensation for tarion?

If closing is delayed beyond the Firm Closing Date (other than by mutual agreement or as a result of an Unavoidable Delay), then builders are required to compensate purchasers to a maximum of $7,500. Details about the delayed closing warranty are provided in the Addendum attached to your purchase agreement.

What is the tarion statement of critical dates?

The Tarion Statement of Critical Dates defines key timelines for construction, occupancy, and final closing, helping buyers understand when they can realistically take possession.

What is the unavoidable delay period in tarion?

The Unavoidable Delay Period is made up of two parts. These are: ➢ The period of the strike itself; plus ➢ the Remobilization Period. This is any additional delay that occurs because of the strike (e.g., delay in trades returning to work, having to reschedule sequence of trades and so on).