Examples of Sectional Titles Schemes Management Act in a sentence
INITIAL The Unit is sold, as it stands, subject to all such conditions and servitudes contained or mentioned in the title deeds, all restrictive conditions laid down by the local authority and any conditions laid down by the Body Corporate in terms of the Sectional Titles Act and/or the Sectional Titles Schemes Management Act.
The Purchaser further acknowledges that this agreement is subject to Management- and Conduct Rules as prescribed in terms of Section 10(2)(a) and (b) of the Sectional Titles Schemes Management Act no.
The Management and Conduct Rules as prescribed in Annexure 1 and Annexure 2 of The Sectional Titles Schemes Management Act, 2011 (Act No. 8 of 2011) (the Act) will be applicable to Xxxxxxx Place and the purchaser accepts such rules as binding upon himself.
Signed at on Signature of owner Signature of purchaser Signature of property practitioner (agent) ANNEXURE E CONDUCT RULES Prescribed in terms of section 10(2)(b) of the Sectional Titles Schemes Management Act, 2011 (Act No. 8 of 2011).
WHEREAS section 3 (2) of the Sectional Titles Schemes Management Act reads: “Liability for contributions levied under any provision of subsection (1), save for special contributions contemplated by subsection (4), accrues from the passing of a resolution to that effect by the Trustees of the Body Corporate, and may be recovered by the Body Corporate by an application to an ombud from the persons who were the owners of units at the time when such resolution was passed”.