Examples of Sectional Title Schemes in a sentence
The Management Rules contained herein are the rules prescribed in terms of Section10(2)(a) of the Sectional Title Schemes Management Act, No 8 of 2011 (the Act) as added to by the Developer in terms of Section 10(3) of the Act, read with Regulation 6 to the Act.
This paragraph will not apply to Developers in respect of Sectional Title Schemes.
The said exclusive use area shall be allocated in terms of Section 10(7) and (8) of the Sectional Title Schemes Management Act No 8 of 2011(Management Rules) in favour of the Purchaser.
Notwithstanding anything to the contrary stipulated for in this sale agreement, it is agreed between the parties that if a special levy is pro-rated by the Body Corporate as contemplated in Section 3(3) of the Sectional Title Schemes Management Act, 2011 the Purchaser will be liable for such portion which is payable after date of registration of transfer and the Seller liable for such portion for periods prior thereto.
The maintenance of the exterior of all Units in Sectional Title Schemes is to be carried out by the respective Bodies Corporate, the cost of which will be included in the levy payable to the Bodies Corporate.
Its contracts with the bodies corporate it serviced were statutorily limited to three years’ duration (See Management Rule 28 (7), made under section 10 (2) (a) of the Sectional Title Schemes Management Act 8 of 2011).
The Trustees compiled the rules of conduct within the stipulation of the Sectional Titles Act 1986 (as amended) and the Sectional Title Schemes Management Act, 2011 (as amended).
The trustees of the Sectional Title Schemes, by attaching their signatures to this document, agree that its contents are binding on all parties and accept the responsibility of obtaining indemnity from all owners and residents.
The Developer however reserves the right to implement Section 11(2)(d) of the Sectional Title Schemes Management Act 8 of 2011.
Act As applied to this policy and the interested parties being subject to either: • Sectional Title Schemes Management Act No. 8 of 2011; or • Community Schemes Ombud Service Act; or • The Companies Act 71 of 2008 (or as may be amended); or • The Shareblocks Control Act No. 59 of 1980 (or as may be amended); or • The Housing Development Schemes for Retired Persons Act No. 65 of 1988 (or as may be amended) whichever is applicable having reference to the context in which the Act is used.