Common use of HOME OWNERS ASSOCIATION Clause in Contracts

HOME OWNERS ASSOCIATION. 9.1 It is recorded that a home owners’ association is being established for the benefit of all owners of property in the development and to control and maintain roads, services and amenities within the development. 9.2 The Purchaser shall become a member of the home owners’ association against transfer of the property and agrees to remain a member for as long as the Purchaser is the registered owner thereof. 9.3 The Purchaser confirms that he/she has been furnished with copies of the memorandum and articles of association and rules of the home owners’ association, the design manual and the architectural guidelines, and has acquainted himself/herself with the provisions thereof. 9.4 The Purchaser acknowledges furthermore that he/she is aware of the following provisions and hereby agrees to be bound thereby. 9.4.1 In terms of the articles of association and the rules of the home owners’ association, there are standards and guidelines for the design of buildings and no person shall be entitled to construct any building or other structure on the property until the plans and specifications relating thereto have been approved in terms of the articles of association; 9.4.2 In terms of the articles of association of the home owners’ association the members of the association are required to pay levies to meet the expenses of the association, including the costs of maintaining the services and all other amenities within the development; and 9.4.3 The Purchaser will be allowed to use his own architect for the drawing of his building plans. All building plans will however have to be approved in terms of Clause 9.4.1. 9.5 It is a term of this agreement that a title deed condition shall be registered against the property in terms of which the property shall not be transferred without the written consent of the home owners’ association in accordance with the provisions of its articles of association and that all successors in title shall be bound to the constitution of the home owners’ association.

HOME OWNERS ASSOCIATION. 9.1 It is recorded that a home ownersHome Owners’ association is being Association has been established for the benefit of all owners of property Property in the development and to control and maintain roads, services and amenities within the development. 9.2 The Purchaser shall and hereby agrees to become a member of the home ownersHome Owners’ association Association against transfer of the property Property and agrees to remain a member for as long as the Purchaser is the registered owner thereof. 9.3 The Purchaser confirms that he/she will, alternatively has been furnished with copies of the memorandum and articles of association and rules of the home ownersHome Owners’ associationAssociation, the design manual and the architectural guidelines, and has acquainted himself/herself with the provisions thereof. 9.4 The Purchaser acknowledges furthermore that he/she is aware of the following provisions and hereby xxxxxx agrees to be bound thereby. 9.4.1 In terms of the articles of association Constitution and the rules of the home ownersHome Owners’ associationAssociation, there are will be standards and guidelines for the design of buildings and no person shall be entitled to construct any building or other structure on the property until the plans and specifications relating thereto have been approved by the Home Owners’ Association. The Purchaser shall at all times adhere to the administrative procedure and fees prescribed by the Seller or the Home Owners’ Association in terms respect of the articles lodgement and approval of associationplans; 9.4.2 In terms The Home Owners’ Association and/or Seller shall be entitled to refuse such approval if, in its sole discretion, any plans of specifications do not conform to the articles architectural design guidelines, and the Purchaser shall have no claim of association of whatsoever nature against the home ownersHome Owners’ association the members of the association are required to pay levies to meet the expenses of the association, including the costs of maintaining the services and all other amenities within the development; andAssociation and/or Seller arising from any refusal or approval; 9.4.3 The Purchaser will be allowed to use his own architect for the drawing of his building plans. All building plans will however have to be approved in terms of Clause 9.4.1.; and 9.4.4 From registration of transfer of the erf into the Purchasers’ name he shall be liable for payment of monthly levies, CSOS levies and other approved amounts levied to members of the Home Owners’ Association, as determined at the first Annual General Meeting, to meet the expenses of the association, including the costs of maintaining the services and all other amenities within the Development, commencing on the date of registration of transfer in the name of such member, as well as an alienation levy, on the alienation of the property to a third party Purchaser. The Purchaser hereby agrees and acknowledges liability for such levy amounts and agrees and undertakes to make payment hereof as per the Constitution/rules of the Home Owners’ Association 9.5 It is a term of this agreement Agreement that a title deed condition shall be registered against the property Property in terms of which the property Property shall not be transferred without the written consent of the home ownersHome Owners’ association Association in accordance with the provisions of its articles of association and that all successors in title shall be bound to the constitution of the home ownersHome Owners’ associationAssociation.

HOME OWNERS ASSOCIATION. 9.1 It is recorded that a home owners’ association is being established for the benefit of all owners of property in the development and to control and maintain roads, services and amenities within the development. 9.2 The Purchaser shall become a member of the home owners’ association against transfer of the property and agrees to remain a member for as long as the Purchaser is the registered owner thereof. 9.3 The Purchaser confirms that he/she has been furnished with copies of the memorandum and articles of association and rules of the home owners’ association, the design manual and the architectural guidelines, and has acquainted himself/herself with the provisions thereof. 9.4 The Purchaser acknowledges furthermore that he/she is aware of the following provisions and hereby xxxxxx agrees to be bound thereby. 9.4.1 In terms of the articles of association and the rules of the home owners’ association, there are standards and guidelines for the design of buildings and no person shall be entitled to construct any building or other structure on the property until the plans and specifications relating thereto have been approved in terms of the articles of association; 9.4.2 In terms of the articles of association of the home owners’ association the members of the association are required to pay levies to meet the expenses of the association, including the costs of maintaining the services and all other amenities within the development; and 9.4.3 The Purchaser will be allowed to use his own architect for the drawing of his building plans. All building plans will however have to be approved in terms of Clause 9.4.1. 9.5 It is a term of this agreement that a title deed condition shall be registered against the property in terms of which the property shall not be transferred without the written consent of the home owners’ association in accordance with the provisions of its articles of association and that all successors in title shall be bound to the constitution of the home owners’ association.

HOME OWNERS ASSOCIATION. 9.1 10.1 It is recorded that a home owners’ association is being established for the benefit of all owners of property in the development and to control and maintain roads, services and amenities within the development. 9.2 10.2 The Purchaser shall become a member of the home owners’ association against transfer of the property and agrees to remain a member for as long as the Purchaser is the registered owner thereof. 9.3 10.3 The Purchaser confirms that he/she has been furnished with copies of the memorandum and articles of association and rules of the home owners’ association, the design manual manual, and the architectural guidelines, guidelines and has acquainted himself/herself with the provisions thereof. 9.4 10.4 The Purchaser acknowledges furthermore that he/she is aware of the following provisions and hereby agrees to be bound thereby. 9.4.1 10.4.1 In terms of the articles of association and the rules of the home owners’ association, there are standards and guidelines for the design of buildings and no person shall be entitled to construct any building or other structure on the property until the plans and specifications relating thereto have been approved in terms of the articles of association;; and 9.4.2 10.4.2 In terms of the articles of association of the home owners’ association the members of the association are required to pay levies to meet the expenses of the association, including the costs of maintaining the services and all other amenities within the development; andtownship. 9.4.3 The Purchaser will be allowed to use his own architect for the drawing of his building plans. All building plans will however have to be approved in 10.4.3 In terms of Clause 9.4.1the articles of association of the home owner’s association the Seller must consent to any resale of the property. 9.5 10.5 It is a term of this agreement that a title deed condition shall be registered against the property in terms of which the property shall not be transferred without the written consent of the home owners’ owner’s association in accordance with the provisions of its articles of association and that all successors in title shall be bound to the constitution of the home owners’ owner’s association.