10. Subject to Registration of Title in Seller’s Name
(a) The settlement date shall be 14 days after the Buyer receives written notice from the Seller that the Request to Record Death/Transmission Application is registered and the Seller is recorded as the sole registered owner of the Land.
(b) In the event that registration of the Request to Record Death/Transmission Application is not effected within xxxx months of the date hereof this Contract may be terminated at the option of the Buyer, whereupon all moneys previously paid by the Buyer shall be refunded to him without any deduction whatsoever.
(c) The Seller Agrees to all things reasonably necessary to effect the registration of the Request to Record Death/Transmission Application as soon as possible.
[Note: The period of time required depends on what stage the Application has reached. It takes at least three (3) months from start to finish. For a Transmission Application, the Seller should be shown on the Contract as “X as Personal representative of the Estate of Y (deceased)”.]