Common use of LEVY STABILISATION FUND Clause in Contracts

LEVY STABILISATION FUND. 11.1. The Purchaser acknowledges that a levy stabilization fund which fund is controlled by the Home Owners Association and utilised for capital and other necessary expenditure has been established. 11.2. On sale of the property by the Purchaser and in the case of all future transfers an amount of 1% of the purchase price or a maximum of R25 000,00 shall be retained by the Conveyancers and paid into the levy stabilization fund.

LEVY STABILISATION FUND. 11.110.1. The Purchaser acknowledges that a levy stabilization fund which fund is controlled by the Home Owners Association and utilised for capital and other necessary expenditure has been established. 11.210.2. On sale of the property by the Purchaser and in the case of all future transfers an amount of 1% of the purchase price or a maximum of R25 000,00 shall be retained by the Conveyancers and paid into the levy stabilization fund.

LEVY STABILISATION FUND. 11.18.1. The Purchaser acknowledges that a levy stabilization fund which fund is controlled by the Home Owners Owners’ Association and utilised for capital and other necessary expenditure has been established. 11.28.2. On sale purchase of the property by the Purchaser and in the case of all future transfers an amount of 1% of the purchase price or a maximum of R25 000,00 shall be retained by the Conveyancers and paid into the levy stabilization fund.

LEVY STABILISATION FUND. 11.110.1. The Purchaser acknowledges that a levy stabilization fund which fund is controlled by the Home Owners Owners’ Association and utilised for capital and other necessary expenditure has been established. 11.210.2. On sale purchase of the property by the Purchaser and in the case of all future transfers an amount of 1% of the purchase price or a maximum of R25 000,00 shall be retained by the Conveyancers and paid into the levy stabilization fund.