Terms of Sale


1. Sales will be on a first-come first-served basis.

2. A purchaser may buy a maximum of five (5) lots.

3. Prices for the lots are firm and lower offers will not be accepted.

4. All offers must be made in writing to the Town of Oromocto on the attached Lot Sales Form.

5. Lots must be purchased through Town administration only.

6. The earliest Closing Date shall be 23 August 2011 and the latest 30 days from the date of the Lot Sales Form.

7. A non-refundable deposit in the amount of $1,000 (one thousand dollars) per lot made payable to the Town of Oromocto must accompany the Lot Sale Form; balance to be paid on or before the Closing Date. Should this condition not be met, the deposit will be forfeited.

8. The Harmonized Sales Tax (HST) will be added to all lot prices.

9. The Town will provide the purchaser’s solicitor with a registerable transfer of land and any other necessary documentation prior to the Closing Date on reasonable trust conditions which will allow the transaction to close. Possession of the lands will occur on the Closing Date. The purchaser is responsible for registration of the transfer.

10. Not later than 18 months from the closing date of the sale shall construction of a dwelling unit be commenced, not later than 12 months after commencement of construction shall a dwelling unit be completed; not later than 24 months after commencement of construction of the dwelling unit shall the landscaping of the lot be completed.

11. In the event that the purchaser has not complied with any or all of the conditions in current or previous lot sales agreements or the conditions of development approval to the Town’s satisfac- tion, the purchaser may, at the Town’s discretion, be prohibited from purchasing additional lots.

12. No individual purchases of lots within the development shall remain un-landscaped on the un-travelled road right-of-way between the curb and lot lines without top soil and grass seed at an elevation and grade established at the time of building permit issuance.

13. No finished surface landscaping grades, to be completed by the individual purchasers of lots, shall be completed that are not consistent with the rear lot plan and drainage course as approved by the Town for their respective lots; they shall ensure that no persons alter or interfere with the intent of the established plan of drainage of surface water from the lots.