THE BODY CORPORATE. 23.1 The Purchaser acknowledges that the Purchaser has been made aware of the following material facts and circumstances relating to the Scheme and the development area within which the Scheme will be situated namely that the Seller shall when submitting the application for the registration of the Sectional Plan of the Scheme, register Management and Conduct Rules for the Scheme in terms of Section 35 of the Act as approved by the Chief Ombud acting in terms of the Sectional Titles Schemes Management Act, 2011 (Act No. 8 of 2011) and the Regulations thereto.
THE BODY CORPORATE. The Body Corporate as contemplated in Section 36 of the Sectional Titles Act in respect of this scheme.
THE BODY CORPORATE. 23.1 The PURCHASER acknowledges that there are statutory restrictions on amending the Management Rules contemplated in Section 35(2) made available by the Selling Agent to the PURCHASER . Certain of these Rules may not be substituted, added to, amended or withdrawn by the Developer when submitting an application for the opening of a sectional title register. However, when making such an application, a Developer may, by the powers conferred upon it under section 11(3)(b) of the Act, impose registerable conditions and substitute any Management Rule. The Body Corporate shall be constituted in terms of Section 11(3)(b) of the Act and shall come into existence simultaneously with the registration in the Deeds Office of the Sectional Plan. The PURCHASER further acknowledges that the Developer in terms of the Section 11(3)(b) shall impose the following restrictive conditions:
THE BODY CORPORATE. The PURCHASER acknowledges that the Body Corporate shall be established upon the opening of the Sectional Title Register and the passing of the first transfer in terms thereof.
THE BODY CORPORATE. 11.1 It is recorded that on registration of the first Unit in each of the proposed 4 phases of the Development, a Body Corporate shall be established in terms of Section 36 of the Act in respect of each of the proposed 4 phases.
THE BODY CORPORATE. It is recorded that the domicillium citandi et executandi of the Body Corporate is ........................................................................................
THE BODY CORPORATE. 11.1 The Purchaser acknowledges that all members of the Body Corporate shall be members of an Association, which will bind the members to assign their functions and powers of the Body Corporate to that Association will apply and the Purchaser acknowledges and agrees that he/she is acquainted with the provisions thereof.
THE BODY CORPORATE. The Body Corporate established for this scheme as contemplated in terms of Section 36 of the Sectional Titles Act No. 95 of 1986 or any amendment thereof and/or promulgated there under from time to time. THE RULES The rules referred to in Section 35 of the Sectional Titles Act which controls the scheme or as promulgated there under from time to time. THE SECTIONAL PLAN The Sectional Plan to be registered in respect of the scheme in terms of the Sectional Titles Act 66 of 1971 or the Sectional Titles Act 95 of 1986 thereof and/or promulgated there under from time to time.
