Common use of HOME OWNERS ASSOCIATION Clause in Contracts

HOME OWNERS ASSOCIATION. 13.1 The Purchaser hereby agrees that the conditions imposed in terms of this clause shall be deemed to have been imposed for the benefit of the STADSIG COUNTRY ESTATE Home Owners' Association and which conditions may be enforced by the Home Owners' Association on behalf of any or all members at any time or from time to time. Refer to Annexure 4 for the Stadsig Estate Home Owners Association Constitution. 13.2 The Purchaser hereby acknowledges that he is aware of the fact that a title deed condition is imposed and he (and his successors-in-title) is obliged to become and remain a member of the Home Owners' Association for as long as he is an owner of the Property and that by virtue of his membership of the Home owners' Association, he will be obliged to make payment of a contribution to enable the Home Owners' Association to provide for the care, maintenance and upkeep of all common areas including all services therein. The Purchaser is aware that the Local Authority will not take responsibility for the private roads or services therein. 13.3 The Purchaser shall be liable from the date of registration of transfer for contributions to the Home Owners' Association and such contributions shall be paid monthly in advance on the first day of each and every calendar month, and pro rata part thereof. 13.4 The rules of the Home Owners' Association include the provision that any changes to the exterior of the property including (but not limited to) changes in paint colour and fencing must have prior written approval from the Home Owners' Association.

Appears in 5 contracts

Samples: Agreement of Sale, Agreement of Sale, Agreement of Sale

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