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.
Appears in 6 contracts
Samples: Agreement of Sale of a Sectional Title Unit, Agreement of Sale of a Sectional Title Unit, Agreement of Sale of a Sectional Title Unit
