Difference Between Firm and Tenative Closing
If your builder gave you a firm closing/occupancy date, it means that they have committed to completing the home for your possession by that date. If your builder gave you a tentative closing/occupancy date, it means that it is the builder's best estimate at the time of sale as to when the home will be completed. The tentative date will either be confirmed or extended as construction of the home progresses. You should refer to the Tarion Addendum in your Agreement of Purchase and Sale to review the rules regarding the setting of confirmed and tentative closing/occupancy dates.
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