Commonhold Clause Samples

Commonhold. No Obligor shall convert any freehold estate of any Property to a freehold estate in commonhold land under Part 1 of the Commonhold and Leasehold Reform ▇▇▇ ▇▇▇▇.
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Commonhold. This is a scheme of ownership set up for use in blocks of flats or apartments to regulate use and maintenance of shared and common areas such as the garden, halls’, staircases lift’s and roofs. It’s not actually very common! Completion Date – The date when the purchase becomes final and the buyer's conveyancer pays the purchase price and received by the seller’s conveyancer. The seller must move out of the property on this date. The seller releases the keys to the buyer and they may move into the property. Completion Statement – This is the final account that the conveyancer will send and it will detail his fees plus the VAT and all searches etc. Usually sent after exchange and before completion. Conditions of Sale – The conditions of the sale are detailed in the Contract that the seller’s
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Commonhold. None of the Properties is commonhold land.
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Related to Commonhold

  • Joint Venture, Consortium or Association 6.1 If the Supplier is a joint venture, consortium, or association, all of the parties shall be jointly and severally liable to the Procuring Entity for the fulfilment of the provisions of the Contract and shall designate one member of the joint venture, consortium, or association to act as a leader with authority to bind the joint venture, consortium, or association. The composition or the constitution of the joint venture, consortium, or association shall not be altered without the prior written consent of the Procuring Entity.

  • Restriction of Shareholders / Owners’ Liability 17.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013.

  • Tax Exempt Status H-GAC and Customer members are either units of government or qualified non-profit agencies, and are generally exempt from Federal and State sales, excise or use taxes. Respondent must not include taxes in its Response. It is the responsibility of Contractor to determine the applicability of any taxes to an order and act accordingly. Exemption certificates will be provided upon request.

  • Shareholder Capacity By executing and delivering this -------------------- Agreement, Shareholder makes no agreement or understanding herein in his capacity as a director or officer of the Company or any subsidiary of the Company. Shareholder signs solely in his capacity as the beneficial owner of Shareholder's Shares and nothing herein shall limit or affect any actions taken by Shareholder in his capacity as an officer or director of the Company or any subsidiary of the Company.

  • Tax Exempt Status of TIPS Members Most TIPS Members are tax exempt entities and the laws and regulations applicable to the specific TIPS Member customer shall control.