Condo Deposit Structure Type
• $10000 bank draft payable with offer to purchase
• Further deposit of 5% of the purchase price less the initial deposit, payable within 7 days of the Vendor acceptance date
• Further deposit of 5% of the purchase price payable within 180 days of the Vendor acceptance date
• Additional 5% deposit payable upon the later of: (i)10 days after delivery of the last of the building permit amendment and the financing amendment to the purchaser or (ii) 365 days after the payment of the Third Deposit
Total Deposit: 15%