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In-depth analysis and insights on the business real estate market, with a focus on multifamily, office, industrial, and retail properties. Sections forty seven.2 [transition — duties if assignment of pre-existing purchase agreement] and forty seven.three [transition — if no info or records collected]. This part does not apply to a purchaser who just isn’t entitled to receive a disclosure assertion underneath this Act. If a developer is served with a discover of rescission that complies with the requirements of subsections to , the developer should instantly inform the one that is holding the purchaser’s deposit beneath part 18. Despite section four of the Electronic Transactions Act, a developer might provide a copy of a disclosure assertion by digital means only with the written consent of the purchaser.
- A discover of rescission under subsection , or (3.2) should be served based on the rules.