Common use of MUNICIPAL RATES Clause in Contracts

MUNICIPAL RATES. 15.1 In addition to the levies payable in terms of paragraph 8.3 of this schedule, the Purchaser shall furthermore be liable to make a pro- rata contribution, calculated in accordance with the Participation Quota of the Purchaser’s unit, towards municipal rates and taxes. 15.2 The actual amount payable by the Purchaser in terms of paragraph 15.1 herein above, shall increase immediately upon an increase in the amount levied by the municipality. 15.3 Notice of any increase in the amount payable in terms hereof shall be given in writing to the Purchaser by the Management Association of KINGSHURST. between and (the “purchaser”) and (the “previous holder of the right of occupation”) Relating to the purchase of a right of occupation, as defined hereunder, in respect of the KINGSHURST as defined hereunder. 1. Introduction 16 2. Definitions 16 3. Right of occupation 21 4. Consumer Protection Act 68 of 2008 21 5. Nomination 23 6. Term 23 7. Consideration 24 8. Management 25 9. Powers and duties of management association 25 10. Management liaison committee 26 11. Qualifications for occupation of a unit 28 12. Levies 29 13. Health care 29 14. Obligations of occupant 30

Appears in 4 contracts

Samples: Agreement for the Grant of a Right of Occupation, Agreement for the Grant of a Right of Occupation, Agreement for the Grant of a Right of Occupation

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!