And looking at the specific page for this promotion (sohochampagne.com/mercedes wich forwards to skycollection.ca/terms)...
Quote:
The Declarant will pay the security deposit and lease payments directly to the Lessor of the said automobile.
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Declarant = builder; Lessor = buyer
So, the builder will give the money to the buyer so that the buyer may get the lease. If this is in one installment, not bad. But if it's a month-to-month thing, I wonder what happens if the builder comes up short on the funds or if there is a delay
Also, wonder where these funds are coming from...hopefully not from the reserve fund which is often underfunded by the time the condo board takes over
And this one made me laugh...
Quote:
The Declarant reserves the right to display an advertisement on the vehicle, such advertisement to be of a design and wording chosen by the Declarant.
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So the buyer may or may not be driving a rolling billboard for 3 years
If I was one of the next 12 buyers, I'd just request an equivalent discount off my unit. Less $$$ to mortgage and less CMHC premiums to pay.