RIGHTS OF SELLER. 12.1 Pending extension of the scheme, the Seller shall be entitled to: 12.1.1 make amendments to the rules for the use and enjoyment of the common property; 12.1.2 enter the property at all reasonable times or to authorize it agents or workmen so to enter, to inspect same or to carry out repairs; 12.1.3 to exercise all the rights and powers which a body corporate would be entitled to exercise in terms of the Act in respect of the building, the land and the owners and/or occupants of the property. 12.2 The Purchaser hereby appoints the Seller's nominee, irrevocably and in rem suam and with power of substitution, to be his lawful agent and attorney: 12.2.1 to convene a meeting of the body corporate and there to vote in favour of any resolution of the body corporate to amend the rules or pass any other resolution as may be required: 12.2.1.1 by any bondholder for the grant of its consent to the extension of the sectional title register; 12.2.1.2 by the local or provincial authority and/or by a mortgagee prior to the grant of a sectional mortgage bond over a unit in the scheme; 12.2.1.3 by the Seller in order to ensure the proper and efficient management and control of the scheme, or to ensure that the developer can exercise in full his rights to further develop the scheme. 12.2.2 to sign all documents necessary or required to comply with the Purchaser's obligations in terms of this agreement.
Appears in 2 contracts
Samples: Sale Agreement, Agreement of Sale
RIGHTS OF SELLER. 12.1 Pending extension establishment of the scheme, Body Corporate the Seller shall be entitled to:
12.1.1 make amendments to the conduct rules for the use and enjoyment of the common propertyCommon Property;
12.1.2 enter the property section at all reasonable times or to authorize it agents or workmen so to enter, to inspect same or to carry out repairs;
12.1.3 to exercise all the rights and powers which a body corporate Body Corporate would be entitled to exercise in terms of the Act in respect of the buildingBuilding, the land and the owners and/or occupants of the propertysections.
12.2 The Purchaser hereby appoints the Seller's nominee, irrevocably and in rem suam and with power of substitution, to be his lawful agent and attorney:
12.2.1 to convene a meeting of the body corporate Body Corporate and there to vote in favour of any resolution of the body corporate Body Corporate to amend the rules or pass any other resolution as may be required:
12.2.1.1 by any bondholder for the grant of its consent to the extension opening of the sectional title register;
12.2.1.2 by the local or provincial authority and/or by a mortgagee prior to the grant of a sectional mortgage bond over a unit Unit in the scheme;
12.2.1.3 by the Seller in order to ensure the proper and efficient management and control of the scheme, or to ensure that the developer can is able to exercise in full his rights to further develop the scheme.
12.2.2 12.2.1.4 to sign all documents necessary or required bind the Body Corporate to comply with the Purchaser's obligations pre-negotiated Services Contract concluded with:
12.2.1.4.1 Voltano Metering (Pty) Ltd in terms respect of this agreement.Utilities; and
Appears in 1 contract
Samples: Sale Agreement
RIGHTS OF SELLER. 12.1 13.1 Pending extension establishment of the scheme, body corporate the Seller shall be entitled to:
12.1.1 13.1.1 make amendments to the conduct rules for the use and enjoyment of the common property;
12.1.2 13.1.2 enter the property section at all reasonable times or to authorize it authorise its agents or workmen so to enter, to inspect same or to carry out repairs;
12.1.3 13.1.3 to exercise all the rights and powers which a body corporate would be entitled to exercise in terms of the Act in respect of the building, the land and the owners and/or occupants of the propertysections.
12.2 13.2 The Purchaser purchaser hereby appoints the Sellerseller's nominee, irrevocably and in rem suam and with power of substitution, to be his lawful agent and attorney:
12.2.1 13.2.1 to convene a meeting of the body corporate and there to vote in favour of any resolution of the body corporate to amend the rules or pass any other resolution as may be required:
12.2.1.1 13.2.1.1 by any bondholder for the grant of its consent to the extension opening of the sectional title register;
12.2.1.2 13.2.1.2 by the local or provincial authority and/or by a mortgagee prior to the grant of a sectional mortgage bond over a unit in the scheme;
12.2.1.3 13.2.1.3 by the Seller seller in order to ensure the proper and efficient management and control of the scheme, or to ensure that the developer can is able to exercise in full his rights to further develop the scheme.;
12.2.2 13.2.2 to sign all documents document necessary or required to comply with the Purchaserpurchaser's obligations in terms of this agreement.
Appears in 1 contract
RIGHTS OF SELLER. 12.1 Pending extension establishment of the scheme, body corporate the Seller shall be entitled to:
12.1.1 make amendments to the rules for the use and enjoyment of the common property;
12.1.2 enter the property section at all reasonable times or to authorize it agents or workmen so to enter, to inspect same or to carry out repairs;
12.1.3 to exercise all the rights and powers which a body corporate would be entitled to exercise in terms of the Act in respect of the building, the land and the owners and/or occupants of the propertysections.
12.2 The Purchaser hereby appoints the Seller's nominee, irrevocably and in rem suam and with power of substitution, to be his lawful agent and attorney:
12.2.1 to convene a meeting of the body corporate and there to vote in favour of any resolution of the body corporate to amend the rules or pass any other resolution as may be required:
12.2.1.1 by any bondholder for the grant of its consent to the extension opening of the sectional title register;
12.2.1.2 by the local or provincial authority and/or by a mortgagee prior to the grant of a sectional mortgage bond over a unit Unit in the scheme;
12.2.1.3 by the Seller in order to ensure the proper and efficient management and control of the scheme, or to ensure that the developer can is able to exercise in full his rights to further develop the scheme.
12.2.2 12.2.1.4 to sign all documents necessary bind the Body Corporate to the pre-negotiated Services Contract concluded with:
12.2.1.4.1 Voltano Metering (Pty) Ltd in respect of Utilities or required to comply with the Purchaser's obligations in terms of this agreement.its nominee; and
Appears in 1 contract
Samples: Agreement of Sale
