REAL RIGHT OF EXTENSION. 16.1 The SELLER reserves the right to register a Real Right of extension for a period of 20 (twenty) years in terms of Section 25 of the Act in order to complete further phases of the development comprising up to a maximum of 184 units, to be completed in phases as the market dictates.
16.2 The PURCHASER acknowledges that the development in which the Unit is situated is not fully developed, that building operations will take place upon adjacent or neighbouring land and that the said building operations may cause the PURCHASER certain inconvenience. The PURCHASER acknowledges that he/she/it shall have no claim either as against the SELLER arising out of such building operations.
REAL RIGHT OF EXTENSION. 13.1 The Parties record that a real right of extension of the Scheme as contemplated in section 25 of the Sectional Titles Act 95 of 1986, is registered in favour of the Seller.
13.2 The Purchaser acknowledges that the Purchaser is aware of the fact that the Seller may in its sole discretion develop the Scheme in phases and the Purchaser hereby agrees to the development of the Scheme in phases.
REAL RIGHT OF EXTENSION. It is hereby recorded that the Seller has reserved a real right of extension in terms of Section 25 of the Act for the extension of the Scheme. This clause serves as a disclosure in terms of Section 25(14) of the Act.
REAL RIGHT OF EXTENSION. The property herewith purchased, forms part of the second phase in a development and is done in terms of a Right of Extension in terms of Section 25 of the Act, and in terms of which another 106 units are hereby developed. This is the last phase in the development and the right to extension will lapse after the last unit of the 106 is registered.
