Examples of Exclusive Use Area in a sentence
Upon payment of the lease fee the Purchaser will receive an access disk which will allow him access to the Exclusive Use Area and will entitle him to park on one of the designated parking bay.
The Purchaser acknowledges that the Seller / Developer will be registering the basement of the scheme as an Exclusive Use Area.
The Developer / Seller shall demarcate parking bays within the Exclusive Use Area which will be available for lease by the registered owners of the units subject to payment of a lease fee, which shall be managed by the Managing Agent.
The remedies provided for in clause 22 below shall be applicable if the Purchaser fails to effect payment of the purchase price against a tender of registration of transfer of the Unit and registration of cession of the Exclusive Use Area rights, if applicable, in his name the Seller shall be entitled to either terminate this Agreement or to require the Purchaser to fulfill his obligations in terms of the Agreement.
However, entry into a Building Area or Exclusive Use Area may be made only after not less than five (5) business days notice has been given to the Owner and any Eligible Occupant.