OREA Standard Clauses

4.1 Condition – Obtaining Building Permit

This Offer is conditional upon the Buyer determining, at the Buyer’s expense, that a building permit for the structure indicated on Schedule “ _________ ” attached hereto is available with respect to the property. Unless the Buyer gives notice in writing to the Seller personally or in accordance with any other provisions for the delivery of notice in this Agreement of Purchase and Sale or any Schedule thereto not later than ________ (a.m./p.m.) on the ______ day of ________________, 20 _____, that this condition has been fulfilled, this Offer shall become null and void and the deposit shall be returned to the Buyer in full without deduction. This condition is included for the benefit of the Buyer and may be waived at the Buyer’s sole option by notice in writing to the Seller as aforesaid within the time period stated herein.

OREA note: Members can use a Cannabis clause to address a specific concern for their consumer, buyer or seller, prior to any negotiations on an Agreement of Purchase and Sale and after discussions with the consumer.

Condition · Source: OREA Clause Booklet 2026, BUILD/CONST-1, page 23