Body Corporate Rules definition
Examples of Body Corporate Rules in a sentence
The exclusive use areas allocated to each unit in terms of this agreement shall be created by way of entry into the Body Corporate Rules, alternatively ceded to the Purchaser in terms of Section 27 of the Act.
The exclusive use areas, if any, allocated to each unit in terms of this agreement shall be created by way of entry into the Body Corporate Rules or alternatively ceded to the Purchaser in terms of Section 27 of the Act.
The Property is held under sectional title and the Purchaser acknowledges that by virtue of hi ownership of the Property upon transfer he will automatically become and remain a member of the Body Corporate in respect of the Scheme and as such will be bound by the Conduct Rules, Management Rules and Body Corporate Rules as applicable from time to time and will be entitled to vote at meetings of the members of the Body Corporate in respect of the Scheme.
The Purchaser irrevocably agrees to vote for and to support any subsequent amendments to the Body Corporate Rules requested by the Seller.
The Seller will use its best endeavours to procure such amendment of the Body Corporate Rules to provide for the exclusive use allocation.
If the property is a unit title property, the Owner shall forthwith provide the Property Manager with the most up-to-date version of the Body Corporate Rules and their amendments or variations from time to time which the Property Manager will pass onto the tenants in accordance with s16B of the Residential Tenancies ▇▇▇ ▇▇▇▇.
The Property is held under sectional title and the Purchaser acknowledges that by virtue of his ownership of the Property upon transfer he will automatically become and remain a member of the Body Corporate in respect of the Scheme and as such will be bound by the Conduct Rules, Management Rules and Body Corporate Rules as applicable from time to time and will be entitled to vote at meetings of the members of the Body Corporate in respect of the Scheme.
The Purchaser accepts the Unit is subject to the provisions of the STA, the STSMA and the Body Corporate Rules relating to the duties and powers of the Body Corporate, and in particular assumes liability for the Body Corporate Levy payable into the levy fund to be established for the repair, upkeep, control, management and administration of the common property and for other purposes described in the STSMA.
Eg. A percentage of the cost of service Body Corporate Rules Are there any body corporate rules applicable to the occupation of the premises by the tenant Has the tenant been given a copy of the relevant by-laws Yes No No The Tenant must comply with any applicable By-Laws of any Body Corporate of the premises that are existing or introduced by it from time to time provided they do not conflict with the Act.
In consideration of the Body Corporate paying the Administration Fee the Body Corporate Secretary shall perform the Body Corporate Secretary’s duties set out in the Second Schedule and in the Body Corporate Rules.