Common use of Building Operations Clause in Contracts

Building Operations. 11.1 The Purchaser and/or his successors in title shall, within a period of 48 (forty eight) months after the date of the first registration of transfer of the Property from the Seller to the Purchaser (or such later date as the Association may direct in writing), commence building operations in respect of a dwelling on the Property, provided that the plans and specifications thereof shall have been approved in terms of clause 10 above. 11.2 Any building operations which commence within the above mentioned 48 (forty eight) month period, or on any later date subject to clause 11.4, must be completed within 12 (twelve) months calculated from the date of commencement (“the construction period”). For the avoidance of doubt, the Purchaser acknowledges that the dwelling on the property has to be completed at expiry of the construction period. 11.3 For purposes of interpretation of this clause 11, “commencement” means the date upon which the digging of the foundations of the dwelling to be constructed commences and “completed” means that the Local Authority has issued an occupation certificate in respect of the dwelling on the property.

Building Operations. 11.1 13.1. The Purchaser purchaser and/or his successors in title shall, within a period of 48 (forty eight) months after the date of the first registration of transfer of the Property property from the Seller developer to the Purchaser purchaser (or such later date as the Association may direct in writing), commence building operations in respect of a dwelling on the Propertyproperty, provided that the plans and specifications thereof shall have been approved in terms of clause 10 12 above. 11.2 13.2. Any building operations which commence within the above mentioned 48 (forty eight) month period, or on any later date subject to clause 11.413.4, must be completed within 12 (twelve) months calculated from the date of commencement (“the construction period”). For the avoidance of doubt, the Purchaser purchaser acknowledges that the dwelling on the property has to be completed at expiry of the construction period. 11.3 13.3. For purposes of interpretation of this clause 1113, “commencement” means the date upon which the digging of the foundations of the dwelling to be constructed commences and “completed” means that the Local Authority has issued an occupation certificate in respect of the dwelling on the property.

Building Operations. 11.1 13.1 The Purchaser purchaser and/or his successors in title shall, within a period of 48 (forty eight) months after the date of the first registration of transfer of the Property property from the Seller developer to the Purchaser purchaser (or such later date as the Association may direct in writing), commence building operations in respect of a dwelling on the Propertyproperty, provided that the plans and specifications thereof shall have been approved in terms of clause 10 12 above. 11.2 13.2 Any building operations which commence within the above mentioned 48 (forty eight) month period, or on any later date subject to clause 11.413.4, must be completed within 12 (twelve) months calculated from the date of commencement (“the construction period”). For the avoidance of doubt, the Purchaser purchaser acknowledges that the dwelling on the property has to be completed at expiry of the construction period. 11.3 13.3 For purposes of interpretation of this clause 1113, “commencement” means the date upon which the digging of the foundations of the dwelling to be constructed commences and “completed” means that the Local Authority has issued an occupation certificate in respect of the dwelling on the property.