STSMA definition
Examples of STSMA in a sentence
The Purchaser acknowledges and consents to the amendment of the Sectional Title Rules of the STSMA.
The Purchaser acknowledges that this sale is governed by the Act and the STSMA and that the Purchaser is aware of and shall be bound by the Rules, Regulations, conditions and servitudes of whatever nature pertaining to the sale, ownership and use of the Subject Matter.
Furthermore, section 4 of STSMA (as quoted above) would allow for a BC that is in dire financial straits to raise money through the cession of unpaid levies.
The purchaser acknowledges that he is familiar with the rules as referred and contained in section 10 of the STSMA as published in Government Gazette 40335 of 7 October 2016.
The basis for this order is Rule 25(4) of the Management Rules which provides that a member is liable for and must pay to the body corporate all reasonable legal costs and disbursements as taxed or agreed by the member, incurred by the body corporate in the collection of arrear contributions or any other arear amounts due and owing by such member to the body corporate, or in enforcing compliance with the Management Rules, the Conduct Rules or the STSMA.