Common use of TITLE DEED CONDITIONS Clause in Contracts

TITLE DEED CONDITIONS. 14.1 The Seller and/or its successors in title shall be entitled to ensure that in addition to all the conditions of title, conditions of sub-division and servitudes, the following conditions of title be included in any title deed in terms of which a Purchaser and/or its successor in title obtain transfer of the Property – 1. “The within property may not be sold or transferred, mortgaged or encumbered without the prior written consent of the ACRES HOMEOWNERS' ASSOCIATION, which consent shall not be unreasonably withheld and every transferee and his successors-in-title shall automatically become and remain a member of the ACRES HOMEOWNERS' ASSOCIATION and be subject to its Constitution until it ceases to be owner as aforesaid. 2. Every owner of the erf or any subdivision thereof or any interest therein shall be obliged to – a. develop the erf within a period of 24 (twenty four) months from the date of the first owner’s possession of the erf by the erection of a dwelling house and outbuildings thereon within and in accordance with the requirements of its Constitution and architectural guidelines prescribed by the HOA from time to time; b. complete all building works as aforesaid within 36 (thirty six) months after the date of registration of transfer of the erf into the name of the first owner thereof. 3. The owner of the erf or any subdivision thereof or any interest therein shall not be entitled to dispose of the property prior to the completion of the building works referred to above without the prior written consent of the transferor or is successor in title. 4. Only a single storey dwelling may be constructed on the Property.”

TITLE DEED CONDITIONS. 14.1 The Seller and/or its successors in title shall be entitled to ensure that in addition to all the conditions of title, conditions of sub-division and servitudes, the following conditions of title be included in any title deed in terms of which a Purchaser and/or its successor in title obtain transfer of the Property – 1. “The within property may not be sold or transferred, mortgaged or encumbered without the prior written consent of the ACRES HOMEOWNERS' ASSOCIATION, which consent shall not be unreasonably withheld and every transferee and his successors-in-title shall automatically become and remain a member of the ACRES HOMEOWNERS' ASSOCIATION and be subject to its Constitution until it ceases to be owner as aforesaid. 2. Every owner of the erf or any subdivision thereof or any interest therein shall be obliged to – a. develop the erf within a period of 24 (twenty four) months from the date of the first owner’s possession of the erf by the erection of a dwelling house and outbuildings thereon within and in accordance with the requirements of its Constitution and architectural guidelines prescribed by the HOA from time to time; b. complete all building works as aforesaid within 36 (thirty six) months after the date of registration of transfer of the erf into the name of the first owner thereof. 3. The owner of the erf or any subdivision thereof or any interest therein shall not be entitled to dispose of the property prior to the completion of the building works referred to above without the prior written consent of the transferor or is successor in title. 4. Only a single storey dwelling may be constructed on the Property.”

TITLE DEED CONDITIONS. 14.1 16.1 The Developer, Seller and/or its successors in title shall be entitled to ensure that in addition to all the conditions of title, conditions of sub-division and servitudes, the following conditions of title be included in any title deed in terms of which a Purchaser and/or its successor in title obtain transfer of the Property – 1. “The within property may not be sold or transferred, mortgaged or encumbered transferred without the prior written consent of the ACRES HOMEOWNERS' ASSOCIATION, which consent shall not be unreasonably withheld and every transferee and his successors-in-title shall automatically become and remain a member of the ACRES HOMEOWNERS' ASSOCIATION and be subject to its Constitution until it ceases to be owner as aforesaid. 2. Every owner of the erf or any subdivision thereof or any interest therein shall be obliged to – a. develop the erf within a period of 24 (twenty four) months from the date of the first owner’s possession of the erf by the erection of a dwelling house and outbuildings thereon within and in accordance with the requirements of its Constitution and architectural guidelines prescribed by the HOA from time to time; b. complete all building works as aforesaid within 36 (thirty six) months after the date of registration of transfer of the erf into the name of the first owner thereof. 3. The owner of the erf or any subdivision thereof or any interest therein shall not be entitled to dispose of the property prior to the completion of the building works referred to above without the prior written consent of the transferor or is successor in title. 4. Only a single storey dwelling may be constructed on the Property.”

TITLE DEED CONDITIONS. 14.1 The Seller and/or its successors in title shall be entitled to ensure that in addition to all the conditions of title, conditions of sub-division and servitudes, the following conditions of title be included in any title deed in terms of which a Purchaser and/or its successor in title obtain transfer of the Property – 1. “The within property may not be sold or transferred, mortgaged or encumbered transferred without the prior written consent of the ACRES [relevant name to be confirmed before Transfer Date] HOMEOWNERS' ASSOCIATION, which consent shall not be unreasonably withheld and every transferee and his successors-in-title shall automatically become and remain a member of the ACRES [relevant name to be confirmed before Transfer Date] HOMEOWNERS' ASSOCIATION and be subject to its Constitution until it ceases to be owner as aforesaid. 2. Every owner of the erf or any subdivision thereof or any interest therein shall be obliged to – a. develop the erf within a period of 24 36 (twenty fourthirty six) months from the date of the first owner’s possession of the erf by the erection of a dwelling house and outbuildings thereon within and in accordance with the requirements of its Constitution and architectural guidelines prescribed by the HOA from time to time; b. complete all building works as aforesaid within 36 48 (thirty sixforty eight) months after the date of registration of transfer of the erf into the name of the first owner thereof. 3. The owner of the erf or any subdivision thereof or any interest therein shall not be entitled to dispose of the property prior to the completion of the building works referred to above without the prior written consent of the transferor or is successor in title. 4. Only a single storey dwelling may be constructed on the Property.”

TITLE DEED CONDITIONS. 14.1 The Seller and/or its successors in title shall be entitled to ensure that in addition to all the conditions of title, conditions of sub-division and servitudes, the following conditions of title be included in any title deed in terms of which a Purchaser and/or its successor in title obtain transfer of the Property – 1. “The within property may not be sold or transferred, mortgaged or encumbered without the prior written consent of the ACRES HOMEOWNERS' ASSOCIATION, which consent shall not be unreasonably withheld and every transferee and his successors-in-title shall automatically become and remain a member of the ACRES HOMEOWNERS' ASSOCIATION and be subject to its Constitution until it ceases to be owner as aforesaid. 2. Every owner of the erf or any subdivision thereof or any interest therein shall be obliged to – a. develop the erf within a period of 24 36 (twenty fourthirty six) months from the date of the first owner’s possession of the erf by the erection of a dwelling house and outbuildings thereon within and in accordance with the requirements of its Constitution and architectural guidelines prescribed by the HOA from time to time; b. complete all building works as aforesaid within 36 48 (thirty sixforty eight) months after the date of registration of transfer of the erf into the name of the first owner thereof. 3. The owner of the erf or any subdivision thereof or any interest therein shall not be entitled to dispose of the property prior to the completion of the building works referred to above without the prior written consent of the transferor or is successor in title. 4. Only a single storey dwelling may be constructed on the Property.”

TITLE DEED CONDITIONS. 14.1 The Seller and/or its successors in title shall be entitled to ensure that in addition to all the conditions of title, conditions of sub-division and servitudes, the following conditions of title be included in any title deed in terms of which a Purchaser and/or its successor in title obtain transfer of the Property – 1. “The within property may not be sold or transferred, mortgaged or encumbered transferred without the prior written consent of the ACRES [relevant name to be confirmed before Transfer Date] HOMEOWNERS' ASSOCIATION, which consent shall not be unreasonably withheld and every transferee and his successors-in-title shall automatically become and remain a member of the ACRES [relevant name to be confirmed before Transfer Date] HOMEOWNERS' ASSOCIATION and be subject to its Constitution until it ceases to be owner as aforesaid. 2. Every owner of the erf or any subdivision thereof or any interest therein shall be obliged to – a. develop the erf within a period of 24 36 (twenty fourthirty six) months from the date of the first owner’s possession of the erf by the erection of a dwelling house and outbuildings thereon within and in accordance with the requirements of its Constitution and architectural guidelines prescribed by the HOA from time to time; b. complete all building works as aforesaid within 36 48 (thirty sixforty eight) months after the date of registration of transfer of the erf into the name of the first owner thereof. 3. The owner of the erf or any subdivision thereof or any interest therein shall not be entitled to dispose of the property prior to the completion of the building works referred to above without the prior written consent of the transferor or is successor in title. 4. Only a single storey dwelling may be constructed on the Property.”

TITLE DEED CONDITIONS. 14.1 The Seller and/or its successors in title shall be entitled to ensure that in addition to all the conditions of title, conditions of sub-division and servitudes, the following conditions of title be included in any title deed in terms of which a Purchaser and/or its successor in title obtain transfer of the Property – 1. “The within property may not be sold or transferred, mortgaged or encumbered without the prior written consent of the ACRES HOMEOWNERS' ASSOCIATION, which consent shall not be unreasonably withheld and every transferee and his successors-in-title shall automatically become and remain a member of the ACRES HOMEOWNERS' ASSOCIATION and be subject to its Constitution until it ceases to be owner as aforesaid. 2. Every owner of the erf or any subdivision thereof or any interest therein shall be obliged to – a. develop the erf within a period of 24 (twenty four) months from the date of the first owner’s possession of the erf by the erection of a dwelling house and outbuildings thereon within and in accordance with the requirements of its Constitution and architectural guidelines prescribed by the HOA from time to time; b. complete all building works as aforesaid within 36 (thirty six) months after the date of registration of transfer of the erf into the name of the first owner thereofxxxxxxx. 3. The owner of the erf or any subdivision thereof or any interest therein shall not be entitled to dispose of the property prior to the completion of the building works referred to above without the prior written consent of the transferor or is successor in title. 4. Only a single storey dwelling may be constructed on the Property.”