Examples of Act 95/1986 in a sentence
The Seller shall have the right at its sole discretion to determine the number of sections to be built in terms of each configuration notwithstanding the plan and estimated participation quota schedule lodged in the Deeds Registry by virtue of Section 25 of Act 95/1986.
The Developer intends applying in terms of the provisions of Act 95/1986, as amended, for the opening of Sectional Title Registers in phases in respect of the aforesaid scheme.
The Body Corporate may elect to appoint the Operator, or its nominee, as managing agent as contemplated in Act 95/1986, which appointment, if made, shall be subject to annual review.
The Purchaser acknowledges that the Seller's right will not be prejudicial to the Purchaser and undertakes not to make application to Court as provided for in Section 25(13) of Act 95/1986.
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The Seller shall also be responsible for the costs of preparing a common property allocation plan as provided for in Section 27(A) of Act 95/1986.
The Purchaser agrees to appoint the managing agent referred to in clause 1.17 of the Contract of Sale, as the managing agent for the Scheme, as provided for in Section 46 of the Management Rules, set out in Annexure 8 of Act 95/1986.
The PURCHASER acknowledges that there has / has not been a reservation by the developer of a right to extend in terms of Section 25 of the Sectional Title Act 95/1986 of the abovementioned Sectional Title Scheme.
In terms of Section 15B(3) of the Sectional Title Act 95/1986, the Registrar of Deeds shall not register the transfer of a unit unless there is produced to the Registrar a certificate from a conveyancer in terms of Section 15B(3)(a)(i)(aa) certifying that as at date of registration of the transfer all monies due to the body corporate by the seller have been paid or secured.
Pending the establishment of a Body Corporate as envisaged in the Sectional Titles Act 95/1986 and/or in the event that the Purchaser should take occupation prior to transfer of the unit, he will not be entitled to make any alterations or additions to the section without the prior written consent of the Seller and shall be obliged to maintain the section and sole utilisation areas in a fit and proper condition and properly painted and shall also maintain the geyser and electrical fittings.