Common use of RECORDAL Clause in Contracts

RECORDAL. 2.1 The Seller is the registered owner of the land. 2.2 The Seller intends to establish a sectional title scheme on the land. 2.3 The Seller has agreed to sell to the Purchaser who has agreed to purchase a sectional title Unit in the Scheme comprising a Unit, together with the rights to the exclusive use of Exclusive Use Area/s, as described in the Covering Schedule (“the Subject Matter”), together with an undivided share in the Common Property, subject to and upon the terms and conditions contained in this Agreement.

RECORDAL. 2.1 The Seller is the registered owner of the landproperty. 2.2 The Seller intends to establish a sectional title scheme on the land. 2.3 The Seller has agreed to sell to the Purchaser who has agreed to purchase a sectional title Unit in the Scheme comprising a Unit, together with the rights to the exclusive use of Exclusive Use Area/s, as described in clause 2 of the Covering Schedule (“the Subject Matter”), together with an undivided share in the Common Property, subject to and upon the terms and conditions contained in this Agreement.