10-25-2022, 11:53 AM
Has anyone impacted by the flood delays received a notice to sign a Final Occupancy Date Amendment? It states the following:
"The signing of the amendment may result in the loss of delayed occupancy compensation as described in section 7. In the event that delayed closing compensation is payable prior to the date of this Amendment, the Purchaser waives entitlement to such compensation. The parties hereto confirm that the Purchaser shall retain any ability to claim delayed closing compensation that is applicable from the date of this Amendment to the Firm Occupancy Date or Delayed Occupancy Date."
So, does this mean that there is a possibility of receiving some sort of compensation? My unit was delayed by 5.5 months and as a result, I was financially impacted. It would be nice if all owners who were delayed due to the flood received some sort of compensation.
"The signing of the amendment may result in the loss of delayed occupancy compensation as described in section 7. In the event that delayed closing compensation is payable prior to the date of this Amendment, the Purchaser waives entitlement to such compensation. The parties hereto confirm that the Purchaser shall retain any ability to claim delayed closing compensation that is applicable from the date of this Amendment to the Firm Occupancy Date or Delayed Occupancy Date."
So, does this mean that there is a possibility of receiving some sort of compensation? My unit was delayed by 5.5 months and as a result, I was financially impacted. It would be nice if all owners who were delayed due to the flood received some sort of compensation.