Common use of HOME OWNERS ASSOCIATION Clause in Contracts

HOME OWNERS ASSOCIATION. 18.1.1 The PURCHASER confirms that on registration of the property into his name he shall automatically become a member of the KORO CREEK HOME OWNERS’ ASSOCIATION NPC (referred to in this agreement as the HOA) and confirms that he shall obtain membership and become subject to the Memorandum of Incorporation and Rules of the HOA from time to time. Copies of these documents are available for inspection with the HOA. The PURCHASER confirms being aware of the provisions thereof. The PURCHASER shall remain a member of the HOA and bound to its provisions for as long as he remains the registered owner of the property. 18.1.2 Should the PURCHASER sell the property he will be obliged to inform the new PURCHASER of the HOA and the new purchaser’s obligations in terms of its provisions. 18.1.3 As from date of this agreement the PURCHASER shall require the prior written consent of the HOA to sell the property which consent will not be unreasonably withheld. 18.1.4 Prior written consent from the HOA is required for any improvements or alterations thereto, to be erected on the property. Building plans for such improvements must be submitted and approved by the HOA before the commencement of any work. A copy of the HOA’s architectural guidelines is available for inspection with the SELLER, the PURCHASER confirms being aware of the provisions thereof. 18.1.5 The property is sold subject to the following provisions, which provisions will be taken up in the Title Deed of the property: 18.1.5.1 The owner of the property or any sub-division thereof or any interest therein or any unit thereon as defined in the Sectional Titles Act, shall not be entitled to transfer it without the prior written consent of the HOA which consent shall not be unreasonably withheld; 18.1.5.2 The owner of the property or any sub-division thereof or of any interest therein or of any unit thereon as described in the Sectional Titles Act, shall automatically become and shall remain a member of the HOA and be subject to its Memorandum of Incorporation until he ceases to be an owner as aforesaid. Neither the erf nor any sub- division thereof nor any unit thereon shall be transferred to any subsequent purchaser who has not bound himself in writing and otherwise to the satisfaction of the HOA to become a member of the HOA. 18.1.6 As from date of transfer the PURCHASER shall be liable for payment to the HOA of a monthly levy as determined by the HOA from time to time, which levy shall be utilized entirely towards maintenance of the property belonging to the HOA, security matters, maintenance and for such other purposes as the constitution of the HOA may prescribe. Such levy shall not include rates and taxes in respect of the property for which the PURCHASER shall remain separately liable as provided for in clause 4 hereof. The Koro Creek XXX xxxx for the 2022/2023 financial year is R2 400.00 (Two Thousand Four Hundred Rand) per month excluding the CSOSA levy.

HOME OWNERS ASSOCIATION. 18.1.1 The PURCHASER confirms that on Upon registration of transfer of the property into his in the name of the PURCHASER, he shall automatically will become a member of the KORO CREEK LIKWETI ESTATE HOME OWNERS’ ASSOCIATION NPC (referred to in this agreement OWNERS ASSOCIATION, registered as a Non Profit Company under the HOA) Companies Act of 2008. The conditions below will be taken up and confirms that he shall obtain membership and become subject to registered against the Memorandum of Incorporation and Rules title deed of the HOA from time property so as to time. Copies of these documents are available for inspection with the HOA. ensure its enforceability as against successors in title. 19.1 SUBJECT TO THE FOLLOWING CONDITIONS IMPOSED BY THE TRANSFEROR, IN HIS CAPACITY AS OWNER OF THE ABOVEMENTIONED PROPERTY AND ENFORCEABLE BY THE LIKWETI ESTATE HOME OWNERS ASSOCIATION, (a Non Profit Company) or their successors title: i. The PURCHASER confirms being aware owner of the provisions thereof. The PURCHASER within mentioned property shall become and remain a member of the HOA and bound to its provisions for Home Owners Association known as long as he remains the registered owner THE LIKWETI ESTATE HOME OWNERS ASSOCIATION on registration of the propertytransfer. 18.1.2 Should the PURCHASER sell the property he will be obliged to inform the new PURCHASER of the HOA and the new purchaser’s obligations in terms of its provisions. 18.1.3 As from date of this agreement the PURCHASER shall require the prior written consent of the HOA to sell the property which consent will not be unreasonably withheld. 18.1.4 Prior written consent from the HOA is required for any improvements or alterations thereto, to be erected on the propertyii. Building plans for such improvements must be submitted and approved by the HOA before the commencement of any work. A copy of the HOA’s architectural guidelines is available for inspection with the SELLER, the PURCHASER confirms being aware of the provisions thereof. 18.1.5 The property is sold subject to the following provisions, which provisions will be taken up in the Title Deed of the property: 18.1.5.1 The owner of the property or of any sub-division subdivision thereof or of any interest therein or of any unit thereon as defined in the Sectional Titles Act, shall not be entitled to transfer it without the prior written consent of the HOA THE LIKWETI ESTATE HOME OWNERS ASSOCIATION which consent shall not be unreasonably withheld;, unless: 18.1.5.2 a) all amounts due by the transferee to the Home Owners Association have been paid to the Association; and b) the transferor is materially in compliance with the provisions of the articles of association of the Home Owners Association. iii. The owner transferee of the property or of any sub-division subdivision thereof or of any interest therein or of any unit thereon as described defined in the Sectional Titles Act, shall automatically upon registration of the property in his name become and shall remain a member of the HOA THE LIKWETI ESTATE HOME OWNERS ASSOCIATION and be subject to its Memorandum of Incorporation constitution and rules until he ceases to be an owner as aforesaidowner. Neither the erf property nor any sub- division subdivision thereof nor any unit thereon or any interest therein shall be transferred to any subsequent purchaser transferee who has not bound himself in writing and otherwise to the satisfaction of the HOA THE LIKWETI ESTATE HOME OWNERS ASSOCIATION to become a member of the HOATHE LIKWETI ESTATE HOME OWNERS ASSOCIATION. 18.1.6 As from date iv. The transferee will not be allowed to erect more than one residence and accompanying outbuildings on the property without the prior written consent of transfer THE LIKWETI ESTATE HOME OWNERS ASSOCIATION. v. The transferee shall not be entitled to conduct any business whatsoever on the PURCHASER shall be liable for payment to property without the HOA written consent of a monthly levy as determined by the HOA from time to timeTHE LIKWETI HOME OWNERS ASSOCIATION, which levy consent shall not be utilized entirely towards maintenance unreasonably withheld. vi. No subdivision of the property belonging shall be allowed without the prior written consent of THE LIKWETI HOME OWNERS ASSOCIATION. vii. Building plans shall be provided to THE LIKWETI HOME OWNERS ASSOCIATION for written approval before building plans are submitted to the HOA, security matters, maintenance and for such other purposes as the constitution of the HOA may prescribelocal authority. viii. Such levy shall not include rates and taxes in respect The owner of the property will not be allowed to drill boreholes for which geometric storage of energy or water on the PURCHASER property or otherwise extract subterranean water from it without the prior written consent of THE LIKWETI HOME OWNERS ASSOCIATION. ix. A 2m wide servitude ,on all four boundaries of the property, for services shall remain separately liable as provided for be registered in clause 4 hereof. The Koro Creek XXX xxxx for favour of THE LIKWETI HOME OWNERS ASSOCIATION over the 2022/2023 financial year is R2 400.00 (Two Thousand Four Hundred Rand) per month excluding the CSOSA levy.property hereby sold

HOME OWNERS ASSOCIATION. 18.1.1 The PURCHASER confirms that on Upon registration of transfer of the property into his in the name of the PURCHASER, he shall automatically will become a member of the KORO CREEK LIKWETI ESTATE HOME OWNERS’ ASSOCIATION NPC (referred to in this agreement OWNERS ASSOCIATION, registered as a Non Profit Company under the HOA) Companies Act of 2008. The conditions below will be taken up and confirms that he shall obtain membership and become subject to registered against the Memorandum of Incorporation and Rules title deed of the HOA from time property so as to time. Copies of these documents are available for inspection with the HOA. ensure its enforceability as against successors in title. 19.1 SUBJECT TO THE FOLLOWING CONDITIONS IMPOSED BY THE TRANSFEROR, IN HIS CAPACITY AS OWNER OF THE ABOVEMENTIONED PROPERTY AND ENFORCEABLE BY THE LIKWETI ESTATE HOME OWNERS ASSOCIATION, (a Non Profit Company) or their successors title: i. The PURCHASER confirms being aware owner of the provisions thereof. The PURCHASER within mentioned property shall become and remain a member of the HOA and bound to its provisions for Home Owners Association known as long as he remains the registered owner THE LIKWETI ESTATE HOME OWNERS ASSOCIATION on registration of the propertytransfer. 18.1.2 Should the PURCHASER sell the property he will be obliged to inform the new PURCHASER of the HOA and the new purchaser’s obligations in terms of its provisions. 18.1.3 As from date of this agreement the PURCHASER shall require the prior written consent of the HOA to sell the property which consent will not be unreasonably withheld. 18.1.4 Prior written consent from the HOA is required for any improvements or alterations thereto, to be erected on the propertyii. Building plans for such improvements must be submitted and approved by the HOA before the commencement of any work. A copy of the HOA’s architectural guidelines is available for inspection with the SELLER, the PURCHASER confirms being aware of the provisions thereof. 18.1.5 The property is sold subject to the following provisions, which provisions will be taken up in the Title Deed of the property: 18.1.5.1 The owner of the property or of any sub-division subdivision thereof or of any interest therein or of any unit thereon as defined in the Sectional Titles Act, shall not be entitled to transfer it without the prior written consent of the HOA THE LIKWETI ESTATE HOME OWNERS ASSOCIATION which consent shall not be unreasonably withheld;, unless: 18.1.5.2 a) all amounts due by the transferee to the Home Owners Association have been paid to the Association; and b) the transferor is materially in compliance with the provisions of the articles of association of the Home Owners Association. iii. The owner transferee of the property or of any sub-division subdivision thereof or of any interest therein or of any unit thereon as described defined in the Sectional Titles Act, shall automatically upon registration of the property in his name become and shall remain a member of the HOA THE LIKWETI ESTATE HOME OWNERS ASSOCIATION and be subject to its Memorandum of Incorporation constitution and rules until he ceases to be an owner as aforesaidowner. Neither the erf property nor any sub- division subdivision thereof nor any unit thereon or any interest therein shall be transferred to any subsequent purchaser transferee who has not bound himself in writing and otherwise to the satisfaction of the HOA THE LIKWETI ESTATE HOME OWNERS ASSOCIATION to become a member of the HOATHE LIKWETI ESTATE HOME OWNERS ASSOCIATION. 18.1.6 As from date iv. The transferee will not be allowed to erect more than one residence and accompanying outbuildings on the property without the prior written consent of transfer the PURCHASER THE LIKWETI ESTATE HOME OWNERS ASSOCIATION. v. The transferee shall not be liable for payment entitled to conduct any business whatsoever on the HOA property without the written consent of a monthly levy as determined by the HOA from time to timeTHE LIKWETI HOME OWNERS ASSOCIATION, which levy consent shall not be utilized entirely towards maintenance unreasonably withheld. vi. No subdivision of the property belonging shall be allowed without the prior written consent of the THE LIKWETI HOME OWNERS ASSOCIATION. vii. Building plans shall be provided to the HOA, security matters, maintenance and THE LIKWETI HOME OWNERS ASSOCIATION for such other purposes as written approval before building plans are submitted to the constitution of the HOA may prescribelocal authority. viii. Such levy shall not include rates and taxes in respect The owner of the property will not be allowed to drill boreholes for which geometric storage of energy or water on the PURCHASER property or otherwise extract subterranean water from it without the prior written consent of THE LIKWETI HOME OWNERS ASSOCIATION. ix. A 2m wide servitude on all four boundaries of the property, for services shall remain separately liable as provided for be registered in clause 4 hereof. The Koro Creek XXX xxxx for favour of the 2022/2023 financial year is R2 400.00 (Two Thousand Four Hundred Rand) per month excluding THE LIKWETI HOME OWNERS ASSOCIATION over the CSOSA levyproperty hereby sold.

HOME OWNERS ASSOCIATION. 18.1.1 The PURCHASER confirms that on Upon registration of transfer of the property into his in the name of the PURCHASER, he shall automatically will become a member of the KORO CREEK LIKWETI ESTATE HOME OWNERS’ ASSOCIATION NPC (referred to in this agreement OWNERS ASSOCIATION, registered as a Non Profit Company under the HOA) Companies Act of 2008. The conditions below will be taken up and confirms that he shall obtain membership and become subject to registered against the Memorandum of Incorporation and Rules title deed of the HOA from time property so as to time. Copies of these documents are available for inspection with the HOA. ensure its enforceability as against successors in title. 19.1 SUBJECT TO THE FOLLOWING CONDITIONS IMPOSED BY THE TRANSFEROR, IN HIS CAPACITY AS OWNER OF THE ABOVEMENTIONED PROPERTY AND ENFORCEABLE BY THE LIKWETI ESTATE HOME OWNERS ASSOCIATION, (a Non Profit Company) or their successors title: COPY i. The PURCHASER confirms being aware owner of the provisions thereof. The PURCHASER within mentioned property shall become and remain a member of the HOA and bound to its provisions for Home Owners Association known as long as he remains the registered owner THE LIKWETI ESTATE HOME OWNERS ASSOCIATION on registration of the propertytransfer. 18.1.2 Should the PURCHASER sell the property he will be obliged to inform the new PURCHASER of the HOA and the new purchaser’s obligations in terms of its provisions. 18.1.3 As from date of this agreement the PURCHASER shall require the prior written consent of the HOA to sell the property which consent will not be unreasonably withheld. 18.1.4 Prior written consent from the HOA is required for any improvements or alterations thereto, to be erected on the propertyii. Building plans for such improvements must be submitted and approved by the HOA before the commencement of any work. A copy of the HOA’s architectural guidelines is available for inspection with the SELLER, the PURCHASER confirms being aware of the provisions thereof. 18.1.5 The property is sold subject to the following provisions, which provisions will be taken up in the Title Deed of the property: 18.1.5.1 The owner of the property or of any sub-division subdivision thereof or of any interest therein or of any unit thereon as defined in the Sectional Titles Act, shall not be entitled to transfer it without the prior written consent of the HOA THE LIKWETI ESTATE HOME OWNERS ASSOCIATION which consent shall not be unreasonably withheld;, unless: 18.1.5.2 a) all amounts due by the transferee to the Home Owners Association have been paid to the Association; and b) the transferor is materially in compliance with the provisions of the articles of association of the Home Owners Association. iii. The owner transferee of the property or of any sub-division subdivision thereof or of any interest therein or of any unit thereon as described defined in the Sectional Titles Act, shall automatically upon registration of the property in his name become and shall remain a member of the HOA THE LIKWETI ESTATE HOME OWNERS ASSOCIATION and be subject to its Memorandum of Incorporation constitution and rules until he ceases to be an owner as aforesaidowner. Neither the erf property nor any sub- division subdivision thereof nor any unit thereon or any interest therein shall be transferred to any subsequent purchaser transferee who has not bound himself in writing and otherwise to the satisfaction of the HOA THE LIKWETI ESTATE HOME OWNERS ASSOCIATION to become a member of THE LIKWETI ESTATE HOME OWNERS ASSOCIATION. COPY iv. The transferee will not be allowed to erect more than one residence and accompanying outbuildings on the HOAproperty without the prior written consent of THE LIKWETI ESTATE HOME OWNERS ASSOCIATION. 18.1.6 As from date v. The transferee shall not be entitled to conduct any business whatsoever on the property without the written consent of transfer the PURCHASER shall be liable for payment to the HOA of a monthly levy as determined by the HOA from time to timeTHE LIKWETI HOME OWNERS ASSOCIATION, which levy consent shall not be utilized entirely towards maintenance unreasonably withheld. vi. No subdivision of the property belonging shall be allowed without the prior written consent of THE LIKWETI HOME OWNERS ASSOCIATION. vii. Building plans shall be provided to THE LIKWETI HOME OWNERS ASSOCIATION for written approval before building plans are submitted to the HOA, security matters, maintenance and for such other purposes as the constitution of the HOA may prescribelocal authority. viii. Such levy shall not include rates and taxes in respect The owner of the property will not be allowed to drill boreholes for which geometric storage of energy or water on the PURCHASER property or otherwise extract subterranean water from it without the prior written consent of THE LIKWETI HOME OWNERS ASSOCIATION. ix. A 2m wide servitude ,on all four boundaries of the property, for services shall remain separately liable as provided for be registered in clause 4 hereof. The Koro Creek XXX xxxx for favour of THE LIKWETI HOME OWNERS ASSOCIATION over the 2022/2023 financial year is R2 400.00 (Two Thousand Four Hundred Rand) per month excluding the CSOSA levy.property hereby sold