CONDOMINIUM REGISTRATION Clause Samples
CONDOMINIUM REGISTRATION. 6.1 The Lessee fully understands and acknowledges that the Leased Property is in the project which shall be submitted for registration as a condominium development according to the law. After the registration has taken place, the Lessee agrees and accepts to comply with, and to be bound by the following conditions:
6.1.1 to, at all time, strictly comply with the regulations and rules prescribed by the condominium project and management company, which can be amended from time to time, for example in respect of the use of including but without limitation Leased Property, Private Property and Common Property, in order to fulfil criteria and conditions provided by the management subject to the conditions set forth for owners in Condominium Act B.E 2522 and /or later subsequent amendments.
6.1.2 not to use of the Leased Property, or any part thereof, for any purposes other than for residential and rental purposes or take any action(s) that would inflict any damage to other co-owners of the estate.
6.1.3 not to take any action(s) which involve, including, without limitation: demolition, addition or alteration, decoration or modification of the Leased Property in the manner(s) that may cause any damage or disturb other co-owners of the estate, or may affect the structure of engineering security of, or the architectural perfection of the Building, and to be responsible for any damages arising therefore as claimed by the Lessor.
6.2 The Lessor undertakes that this Project shall not be cancelled. If the Lessor cancels this Project without any reason or cause which can be asserted under the law, the Lessee is entitled to file a lawsuit enforcing the Lessor’s compliance with this Agreement, or may exercise the right to terminate this Agreement and claim a refund of all payments made to the Lessor, together with interest at a rate of 7.5% per annum , calculated from the date the Lessor receives payment until the date of full payment of refund to Lessee.
CONDOMINIUM REGISTRATION. The Purchaser acknowledges that the Condominium Documents may not be registered by the Vendor as at the date of this Agreement. If the Condominium Documents are not registered by the fifteenth (15th) month following the Occupancy Date, the Vendor may apply for an order terminating this Agreement pursuant to section 79 of the Act, and if said order is granted, this Agreement shall thereupon be null and void and of no further force or effect and all deposit monies shall be returned to the Purchaser, together with all monies paid to the Vendor as extras, both with interest, and thereafter neither of the parties hereto shall be liable to the other for any costs, damages or liabilities suffered or incurred by them in connection with this Agreement, or the termination thereof, as a result of such non-registration.
CONDOMINIUM REGISTRATION. Provided that during the period of time that the Premises shall be registered as a Condominium Corporation, in any case where the Condominium Corporation does not fulfill an obligation to the Tenant in this Lease, the Landlord shall remain responsible to the Tenant for fulfillment of that obligation.
CONDOMINIUM REGISTRATION. The Tenant's right to use and occupy the Demised Premises and the Common Areas shall be subject and subordinate in all respects to the provisions of the Condominium Act, as amended, the Declaration, By-laws and Rules of the Condominium Corporation from time to time pass. The Tenant acknowledges and agrees that failure on the Tenant's part or on the part of guests, visitors and any other person or persons occupying the Demised Premises with the consent of the Tenant from time to time, to comply with the Condominium Act, said Declaration, By-laws and the Rules shall constitute a material breach of this Lease and shall entitle the Landlord to apply for an order terminating the tenancy hereby created. The Tenant shall indemnify and hold harmless the Landlord from and against any damages, direct or indirect, incurred by the Landlord as a result of the non-compliance by the Tenant and by any of the aforesaid persons with the provisions of the Condominium Act, the Condominium Corporation and the rules as hereinbefore described.