52(1) An agreement of purchase and sale respecting a unit or a proposed unit shall contain the provisions prescribed by regulation if the declarant is the vendor.
52(2)In addition to any prescribed provisions, an agreement referred to in subsection (1) shall include the following provision:
“The purchaser shall have 10 days on receipt of any documents prescribed by regulation to review and determine whether anything included in the documents materially affects the purchaser’s enjoyment of the property and if, within that period, the purchaser makes an objection to the vendor in writing that the vendor is unable or unwilling to remove and the purchaser is unwilling to waive, the agreement shall be void and the deposit shall be returned to the purchaser, without interest and without liability by the vendor for any expenses incurred or damages sustained by the purchaser.”
52(3)A prescribed provision, including the provision in subsection (2), is deemed to be part of every agreement of purchase and sale for which the provision is prescribed, despite any agreement, waiver or statement or declaration to the contrary.
52(1) An agreement of purchase and sale respecting a unit or a proposed unit shall contain the provisions prescribed by regulation if the declarant is the vendor.
52(2)In addition to any prescribed provisions, an agreement referred to in subsection (1) shall include the following provision:
“The purchaser shall have 10 days on receipt of any documents prescribed by regulation to review and determine whether anything included in the documents materially affects the purchaser’s enjoyment of the property and if, within that period, the purchaser makes an objection to the vendor in writing that the vendor is unable or unwilling to remove and the purchaser is unwilling to waive, the agreement shall be void and the deposit shall be returned to the purchaser, without interest and without liability by the vendor for any expenses incurred or damages sustained by the purchaser.”
52(3)A prescribed provision, including the provision in subsection (2), is deemed to be part of every agreement of purchase and sale for which the provision is prescribed, despite any agreement, waiver or statement or declaration to the contrary.