Common use of PHASED DEVELOPMENT Clause in Contracts

PHASED DEVELOPMENT. The Purchaser acknowledges that he is aware that the Seller may decide to develop the scheme in phases, by erecting and completing, from time to time, further buildings on specified parts of the common property, to divide such buildings into sections and common property and confer the right of exclusive use over parts of such common property upon the owner or owners of one or more of such sections and to reserve its right in this regard in accordance with provisions of section 25(1) of the Act.

Appears in 5 contracts

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

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PHASED DEVELOPMENT. 29.1. The Purchaser purchaser acknowledges that he is aware that the Seller seller may decide to develop the scheme in phases, phases by erecting and completing, completing from time to time, time further buildings on specified parts of the common property, to divide dividing such buildings into sections and common property and confer the right of exclusive use over parts of such common property upon the owner or owners of one or more of such sections and to reserve reserving its right in this regard in accordance with provisions of section 25(1) of the Act.

Appears in 1 contract

Samples: Agreement of Sale

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