Common use of Beach Club Clause in Contracts

Beach Club. The purchaser hereby acknowledges having been made aware that the developer has acquired a beachfront property for the purpose of developing it as a Beach Club for the exclusive use of owners at Dunkirk Estate. This offer is subject to the condition that the purchaser agrees that the beachfront property shall be transferred to the Dunkirk HOA, or their nominee, and that the purchaser shall pay an amount of R30 000 to the HOA as an entrance fee to join such club. The HOA shall be obliged to accept all home owners as members of the club, and all home owners shall be obliged to become members of such club. The amount is payable on date of transfer of the property. The HOA shall be responsible for the management of the Beach Club and for determining the rules which are applicable to the use of such club.

Beach Club. The purchaser hereby acknowledges having been made aware that the developer has acquired a beachfront property for the purpose of developing it as a Beach Club for the exclusive use of owners at Dunkirk Estate. This offer is subject to the condition that the purchaser agrees that the beachfront property shall be transferred to the Dunkirk HOA, or their nominee, and that the purchaser shall pay an amount of R30 R30, 000 to the HOA as an entrance fee to join such club. The HOA shall be obliged to accept all home owners as members of the club, and all home owners shall be obliged to become members of such club. The amount is payable on date of transfer of the property. The HOA shall be responsible for the management of the Beach Club and for determining the rules which are applicable to the use of such club.