Examples of Share Blocks Control Act in a sentence
The number of guests permitted to each unit is prescribed in the Use Agreement of the share block in accordance with the Share Blocks Control Act 59 of 1980 (amended) and the Property Time-Sharing Control Act.
Where a Share Block Company as defined by the Share Blocks Control Act 1980 (Act no.
The Customer must liquidate all debt or make arrangements to settle amounts owed to the Municipality, within 14 days of date of conclusion of either the contract that must be entered into for the acquisition of a share or shares in terms of the Share Blocks Control Act, or the date of conclusion of the Use Agreement in accordance with the Share Blocks Control Act, whichever date is the earlier.
Conversion to sectional title scheme The Share Blocks Control Act, 1980 (Act No. 59 of 1980) provides an explicit method of converting a share block company into a sectional title scheme.
Under the Sectional Titles Act, a share block company may convert a share block scheme to a sectional title scheme by special resolution (i.e. Item 8 of Schedule 1 of the Share Blocks Control Act).