Participation Quota definition

Participation Quota means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the Act.

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Participation Quota means the percentage allocated to the Section in the Sectional Plans of the Scheme as registered and filed in the office of the relevant Deeds Registry or, in the event of such Sectional Plans not having been registered a percentage expressed to four decimal places and arrived at by dividing the floor area correct to the nearest square metre, of all the Sections in the buildings comprised in the Scheme;

Participation Quota means, in relation to a section in the Scheme, the percentage determined in accordance with the provisions of section 32(1) or (2) of the STA in respect of that section for the purposes referred to in section 32(3) of the STA, and shown on the Sectional Plan in accordance with provisions 5(3)(g) of the STA;

Examples of Participation Quota in a sentence

The undivided share in the common property apportioned to the Section shall be in accordance with the Participation Quota which is ultimately determined in terms of the Act upon approval and registration of the Sectional Plan.
The undivided share of the Common Property apportioned to the Section shall be in accordance with the Participation Quota, which is ultimately determined in terms of the Act upon approval and registration of the Sectional Plan.
The Participation Quota given above is an estimate and based on the final number and sizes of units in the completed Scheme.
The Seller warrants that, subject to 14.3 below, the boundaries will be substantially in accordance with those set out in the Plans hereto, and that the undivided share of the common property apportioned to the Unit shall be in accordance with the Participation Quota which is ultimately determined in terms of the Act upon approval and registration of the sectional plan.
The amount to be levied against the Purchaser in terms hereof shall be calculated in accordance with the Participation Quota, and the fraction thus obtained shall be the fraction of the total administration fees and disbursements for which the Purchaser shall be liable in terms hereof.

More Definitions of Participation Quota

Participation Quota means the Participation Quota allocated to the Unit in the Sectional Plan and, upon opening of the sectional title register, the registered Sectional Plan;

Participation Quota means a percentage expressed to 4 decimal points and arrived at by dividing the floor area, to the nearest square meter, of the Unit by the total floor area of the Property, to the nearest square meter, of the Scheme;

Participation Quota means the participation quota allocated to the section in the sectional plans and upon opening of the sectional title register, the registered sectional plans;

Participation Quota means a percentage expressed to four decimal places, and arrived at by dividing the floor area, correct to the nearest square metre, of the Purchaser’s unit, by the floor area, correct to the nearest square metre, of all the units in the building or buildings in the housing development scheme.

Participation Quota means, in relation to any Section, the square meterage of such

Participation Quota means, in relation to any Section, the square

Participation Quota means the participation quota as defined in section 1 of the Sectional Titles Schemes Management Act, 2011, as such allocated to the Unit by the Surveyor General in the registered Sectional Plans upon opening, extension or amendment of the Proposed Development Scheme.