ALIENATION OF LAND ACT Sample Clauses

ALIENATION OF LAND ACT. It is recorded that the provisions of the Alienation of Land Act are not applicable where the purchase price of the property exceeds R250,000.00 or where the PURCHASER is a Trust, Company or Close Corporation.
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ALIENATION OF LAND ACT. 19.1 In terms of Section 29(A) of the Alienation of Land Act 68 of 1981 (as amended) (in this clause 19 hereinafter referred to as the ACT), a purchaser or prospective purchaser of land may, within five (5) days of signature by him or her, or by his or her agent acting on his or her written authority, of an offer to purchase land or a Deed of Alienation in respect of land, revoke the offer or terminate the Deed of Alienation, as the case may be, by written notice delivered to the SELLER or his or her agent within that period.
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ALIENATION OF LAND ACT. 9.1. Section 29A of the Alienation of Land Act shall apply in the event that; (a) the property price does not exceed R250 000,00; (b) the Purchaser is a natural person; and (c) the Purchaser has no right to nominate a third party as purchaser.
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ALIENATION OF LAND ACT. In the event of the unit not being registrable, any amount(s) paid to the Seller's attorneys on account of the purchase price shall be held in trust. The Seller's attorney is, however, hereby instructed to invest such amount(s) on behalf of the Seller, interest accruing for the benefit of the Purchaser.
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ALIENATION OF LAND ACT. 39.1 In terms of Section 29A of the Alienation of Land Act No. 68 of 1981, as amended, the Purchaser of the Unit may, within a period of 5 (FIVE) days of the signature by him (or his agent acting on his written authority) of this Agreement and provided that the purchase price is the sum of R250 000.00 (TWO HUNDRED AND FIFTY THOUSAND RAND) or less, revoke or terminate this Agreement, as the case may be, by written notice delivered by the Purchaser to the Seller or its agent within the aforementioned period.
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ALIENATION OF LAND ACT. 8.1 The Alienation of Land Act (No. 68 of 1981) ("ACT") applies to this agreement, and the parties confirm that they have availed themselves with the provisions thereof (& that a copy thereof has been supplied), and consider themselves bound thereby.
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ALIENATION OF LAND ACT. If the purchase price regarding this agreement is R250 000 (Two Hundred and Fifty Thousand Rand) or less, the Purchaser has the right to terminate the contract in accordance with the terms and conditions contained in Act no 68 of 1981, by giving the Seller or the agent written notice within five (5) working days from signing of this offer.
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Related to ALIENATION OF LAND ACT

  • Modification of Land Act (2) For the purpose of this Agreement in respect of any land leased to the Company by the State the Land Act shall be deemed to be modified by —

  • Alienation (1) Investments of investors of either Contracting Party shall not be alienated, nationalised, expropriated or subjected to measures having effect equivalent to alienation, nationalisation or expropriation (hereinafter referred to as "alienation") in the territory of the other Contracting Party except for a public purpose, in non-discriminatory manner, under due process of law and against payment of compensation according to the host country legislation. Such compensation shall amount to the genuine value of the investment alienated immediately before the alienation or before the impending alienation became public knowledge, whichever is the earlier, shall include interest at a fair and equitable rate until the date of payment, shall be made without unreasonable delay, be effectively realizable and be freely transferable.

  • GAINS FROM THE ALIENATION OF PROPERTY 1. Gains from the alienation of immovable property, as defined in paragraph 2 of Article 6, may be taxed in the Contracting State in which such property is situated.

  • TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender (i) the repayment of the Loan, and all renewals, extensions, and modifications of the Note, and (ii) the performance of Borrower’s covenants and agreements under this Security Instrument and the Note. For this purpose and in consideration of the debt, Borrower mortgages, grants, and conveys to Lender, with power of sale, the following described property located in the ____________________________________ of _____________________________________: [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] which currently has the address of __________________________________________________ [Street] ________________________________, Vermont ___________________ (“Property Address”); [City] [Zip Code] TOGETHER WITH all the improvements now or subsequently erected on the property, including replacements and additions to the improvements on such property, all property rights, including, without limitation, all easements, appurtenances, royalties, mineral rights, oil or gas rights or profits, water rights, and fixtures now or subsequently a part of the property. All of the foregoing is referred to in this Security Instrument as the “Property.” BORROWER REPRESENTS, WARRANTS, COVENANTS, AND AGREES that: (i) Borrower lawfully owns and possesses the Property conveyed in this Security Instrument in fee simple or lawfully has the right to use and occupy the Property under a leasehold estate; (ii) Borrower has the right to mortgage, grant, and convey the Property or Borrower’s leasehold interest in the Property; and (iii) the Property is unencumbered, and not subject to any other ownership interest in the Property, except for encumbrances and ownership interests of record. Borrower warrants generally the title to the Property and covenants and agrees to defend the title to the Property against all claims and demands, subject to any encumbrances and ownership interests of record as of Loan closing. THIS SECURITY INSTRUMENT combines uniform covenants for national use with limited variations and non-uniform covenants that reflect specific Vermont state requirements to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:

  • Formation of LLC THIS OPERATING AGREEMENT (“Agreement”) is entered into on , by the following: Single-Member: _ _, with a mailing address: _ _ (“Member”). The Member in the above-described Limited Liability Company (“LLC”) agrees as follows:

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