Common use of TITLE DEED CONDITIONS Clause in Contracts

TITLE DEED CONDITIONS. The Seller and/or its successors in title shall be required 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. “Every owner of the erf or any subdivision thereof or any interest therein and their successors-in-title shall become and remain a member of the Acres Home Owners Association (“HOA”) and be subject to its Constitution until it ceases to be an owner as aforesaid. Neither the erf nor any subdivision thereof or any interest therein shall be alienated, encumbered, or mortgaged to or in favour of any person who has not bound itself to the satisfaction of the HOA to become a member of the HOA, furthermore, until a clearance certificate from the HOA has been obtained certifying that the provisions of its Constitution have been complied with.”