SALE OF PROPERTY AND DEVELOPMENT OF SCHEME Sample Clauses

SALE OF PROPERTY AND DEVELOPMENT OF SCHEME. 2.1 development of sectional title scheme 2.1.1. The Seller has obtained written consent to develop the Scheme on the Land owned by the Seller, which development is set out in the Site Plan attached hereto and which shall be developed in phases. The Seller may reduce the number of phases as may be allowed in law from time to time; 2.1.2. The Seller intends to develop the sectional title development Scheme to accommodate residential units and common property as well as a number of exclusive use areas materially in accordance with the Site Plans, Schedule of Finishes and specifications attached hereto; 2.1.3. The Seller intends to therefore apply for the opening of a sectional title register in respect of the building or buildings to be erected on the Property in terms of the Sectional Titles Act.
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