Common use of LEVIES Clause in Contracts

LEVIES. 13.1 As has already been explained in the paragraphs above, the Seller will be carrying out the obligations of the body corporate until it is established and will be bearing the costs associated with this. It is therefore agreed as follows: 13.2 From the completion date the Purchaser shall be liable for the levy calculated in accordance with the participation quota attributable to each unit, as if the Purchaser was the registered owner of the unit and as if the Body Corporate had already been established. 13.3 The Seller reserves the right to install fibre optic communication or any other data and/or voice communication services in respect of the development as well as a network to serve each individual unit within the development. In the event that the Seller so elects to install the aforesaid communication and network, an additional levy per month shall be imposed upon the owners by the Body Corporate for these services. The monthly additional levy will not be calculated according to the participation quota of each unit. The basic monthly charge will be shared in equal amounts by each owner of every unit used as a dwelling whether such owner make use of the service or not. The Purchaser acknowledges that he/she will be liable for this additional levy plus VAT thereon, an estimate of which is detailed in Schedule “A”. 13.4 Until the levies are formally determined by the Body Corporate the levies shall be deemed to be the amount determined by the managing agent referred to in paragraph 24 below. 13.5 All levies shall be paid monthly in advance on the first day of each and every calendar month provided that if the completion date falls on any day other than the first day of a calendar month, then the Purchaser shall be obliged to pay a pro rata share of the levies due for the calendar month in which the completion date occurs. 13.6 All levies shall be paid to the Seller until registration of transfer and thereafter to the Body Corporate of the sectional title scheme. 13.7 It has been explained to the Purchaser that the levy payable to the body corporate is allocated between the owners of units proportionately to the size of each unit. This allocation is called a participation quota.

LEVIES. 13.1 As has already been explained in the paragraphs above, the Seller will be carrying out the obligations of the body corporate until it is established and will be bearing the costs associated with this. It is therefore agreed as follows: 13.2 From the completion date the Purchaser shall be liable for the levy calculated in accordance with the participation quota attributable to each unit, as if the Purchaser was the registered owner of the unit and as if the Body Corporate had already been established. 13.3 The Seller reserves the right to install fibre optic communication or any other data and/or voice communication services in respect of the development as well as a network to serve each individual unit within the development. In the event that the Seller so elects to install the aforesaid communication and network, an additional levy per month shall be imposed upon the owners by the Body Corporate for these services. The monthly additional levy will not be calculated according to the participation quota of each unit. The basic monthly charge will be shared in equal amounts by each owner of every unit used as a dwelling whether such owner make use of the service or not. The Purchaser acknowledges that he/she will be liable for this additional levy plus VAT thereon, an estimate of which is detailed in Schedule “A”. 13.4 Until the levies are formally determined by the Body Corporate the levies shall be deemed to be the amount determined by the managing agent referred to in paragraph clause 24 below. 13.5 All levies shall be paid monthly in advance on the first day of each and every calendar month provided that if the completion date falls on any day other than the first day of a calendar month, then the Purchaser shall be obliged to pay a pro rata share of the levies due for the calendar month in which the completion date occurs. 13.6 All levies shall be paid to the Seller until registration of transfer and thereafter to the Body Corporate of the sectional title scheme. 13.7 It has been explained to the Purchaser that the levy payable to the body corporate is allocated between the owners of units proportionately to the size of each unit. This allocation is called a participation quota.

LEVIES. 13.1 As has already been explained in the paragraphs above, the Seller will be carrying out the obligations of the body corporate until it is established and will be bearing the costs associated with this. It is therefore agreed as follows: 13.2 From the completion date the Purchaser shall be liable for the levy (and any utility-related or meter reading charges) calculated in accordance with the participation quota attributable to each unit, as if the Purchaser was the registered owner of the unit and as if the Body Corporate had already been established. 13.3 The Seller reserves the right to install fibre optic communication or any other data and/or voice communication services in respect of the development as well as a network to serve each individual unit within the development. In the event that the Seller so elects to install the aforesaid communication and network, an additional levy per month shall be imposed upon the owners by the Body Corporate for these services. The monthly additional levy will not be calculated according to the participation quota of each unit. The basic monthly charge will be shared in equal amounts by each owner of every unit used as a dwelling whether such owner make use of the service or not. The Purchaser acknowledges that he/she will be liable for this additional levy plus VAT thereon, an estimate of which is detailed in Schedule “A”. 13.4 Until the levies are formally determined by the Body Corporate the levies shall be deemed to be the amount determined by the managing agent referred to in paragraph clause 24 below. 13.5 All levies shall be paid monthly in advance on the first day of each and every calendar month provided that if the completion date falls on any day other than the first day of a calendar month, then the Purchaser shall be obliged to pay a pro rata share of the levies due for the calendar month in which the completion date occurs. 13.6 All levies shall be paid to the Seller until registration of transfer and thereafter to the Body Corporate of the sectional title scheme. 13.7 It has been explained to the Purchaser that the levy payable to the body corporate is allocated between the owners of units proportionately to the size of each unit. This allocation is called a participation quota.

LEVIES. 13.1 As has already been explained in the paragraphs above, the Seller will be carrying out the obligations of the body corporate until it is established and will be bearing the costs associated with this. It is therefore agreed as follows: 13.2 From the completion date the Purchaser shall be liable for the levy calculated in accordance with the participation quota attributable to each unit, as if the Purchaser was the registered owner of the unit and as if the Body Corporate had already been established. 13.3 The Seller reserves the right to install fibre optic communication or any other data and/or voice communication services in respect of the development as well as a network to serve each individual unit within the development. In the event that the Seller so elects to install the aforesaid communication and network, an additional levy per month shall be imposed upon the owners by the Body Corporate for these services. The monthly additional levy will not be calculated according to the participation quota of each unit. The basic monthly charge will be shared in equal amounts by each owner of every unit used as a dwelling whether such owner make use of the service or not. The Purchaser specifically acknowledges that he/she will be liable for this additional levy plus VAT thereon, an estimate of which is detailed in Schedule “A”. 13.4 Until the levies are levy is formally determined by the Body Corporate the levies levy shall be deemed to be the amount determined by the managing agent agents referred to in paragraph clause 24 below. 13.5 All levies Such levy shall be paid monthly in advance on the first day of each and every calendar month provided that if the completion date falls on any day other than the first day of a calendar month, then the Purchaser shall be obliged to pay a pro rata share of the levies levy due for the calendar month in which the completion date occurs. 13.6 All levies Such levy shall be paid to the Seller until registration of transfer and thereafter to the Body Corporate of the sectional title scheme. 13.7 It has been explained to the Purchaser that the levy payable to the body corporate is allocated between the owners of units proportionately to the size of each unit. This allocation is called a participation quota.

LEVIES. 13.1 As has already been explained in the paragraphs above, the Seller will be carrying out the obligations of the body corporate until it is established and will be bearing the costs associated with this. It is therefore agreed as follows: 13.2 From the completion date the Purchaser shall be liable for the levy calculated in accordance with the participation quota attributable to each unit, as if the Purchaser was the registered owner of the unit and as if the Body Corporate body corporate had already been established. 13.3 The Seller reserves the right to install fibre optic communication or any other data and/or voice communication services in respect of the development as well as a network to serve each individual unit within the development. In the event that the Seller so elects to install the aforesaid communication and network, an additional levy per month shall be imposed upon the owners by the Body Corporate body corporate for these services. The monthly additional levy will not be calculated according to the participation quota of each unit. The basic monthly charge will be shared in equal amounts by each owner of every unit used as a dwelling whether such owner make use of the service or not. The Purchaser acknowledges that he/she will be liable for this additional levy plus VAT thereon, an estimate of which is detailed in Schedule “A”. 13.4 Until the levies are formally determined by the Body Corporate body corporate the levies shall be deemed to be the amount determined by the managing agent referred to in paragraph 24 belowbelow and estimated in Schedule “A”. 13.5 All levies shall be paid monthly in advance on the first day of each and every calendar month provided that if the completion date falls on any day other than the first day of a calendar month, then the Purchaser shall be obliged to pay a pro rata share of the levies due for the calendar month in which the completion date occurs. 13.6 All levies shall be paid to the Seller until registration of transfer and thereafter to the Body Corporate body corporate of the sectional title schemedevelopment. 13.7 It has been explained to the Purchaser that the levy payable to the body corporate is allocated between the owners of units proportionately to the size of each unit. This allocation is called a participation quota.

LEVIES. 13.1 As has already been explained in the paragraphs above, the Seller will be carrying out the obligations of the body corporate until it is established and will be bearing the costs associated with this. It is therefore agreed as follows: 13.2 From the completion date the Purchaser shall be liable for the levy calculated in accordance with the participation quota attributable to each unit, as if the Purchaser was the registered owner of the unit and as if the Body Corporate body corporate had already been established. 13.3 The Seller reserves the right to install fibre optic communication or any other data and/or voice communication services in respect of the development as well as a network to serve each individual unit within the development. In the event that the Seller so elects to install the aforesaid communication and network, an additional levy per month shall be imposed upon the owners by the Body Corporate body corporate for these services. The monthly additional levy will not be calculated according to the participation quota of each unit. The basic monthly charge will be shared in equal amounts by each owner of every unit used as a dwelling whether such owner make use of the service or not. The Purchaser acknowledges that he/she will be liable for this additional levy plus VAT thereon, an estimate of which is detailed in Schedule “A”. 13.4 Until the levies are formally determined by the Body Corporate body corporate the levies shall be deemed to be the amount determined by the managing agent referred to in paragraph 24 belowbelow and estimated in Schedule “A”. 13.5 All levies shall be paid monthly in advance on the first day of each and every calendar month provided that if the completion date falls on any day other than the first day of a calendar month, then the Purchaser shall be obliged to pay a pro rata share of the levies due for the calendar month in which the completion date occurs. 13.6 All levies shall be paid to the Seller until registration of transfer and thereafter to the Body Corporate body corporate of the sectional title scheme. 13.7 It has been explained to the Purchaser that the levy payable to the body corporate is allocated between the owners of units proportionately to the size of each unit. This allocation is called a participation quota.

LEVIES. 13.1 As has already been explained in the paragraphs above, the Seller will be carrying out the obligations of the body corporate Body Corporate until it is established and will be bearing the costs associated with this. It is therefore agreed as follows: 13.2 From the completion date the Purchaser shall be liable for the levy (and any utility-related or meter reading charges) calculated in accordance with the participation quota attributable to each unit, as if the Purchaser was the registered owner of the unit and as if the Body Corporate had already been established. 13.3 The Seller reserves the right to install fibre optic communication or any other data and/or voice communication services in respect of the development Development as well as a network to serve each individual unit within the Oakwood development. In the event that the Seller so elects to install the aforesaid communication and network, an additional levy per month shall be imposed upon the owners by the Body Corporate for these services. The monthly additional levy will not be calculated according to the participation quota of each unit. The basic monthly charge will be shared in equal amounts by each owner of every unit used as a dwelling whether such owner make use of the service or not. The Purchaser acknowledges that he/she will be liable for this additional levy plus VAT thereon, an estimate of which is detailed in Schedule “A”. 13.4 Until the levies are formally determined by the Body Corporate the levies shall be deemed to be the amount determined by the managing agent referred to in paragraph clause 24 below. 13.5 All levies shall be paid monthly in advance on the first day of each and every calendar month provided that if the completion date falls on any day other than the first day of a calendar month, then the Purchaser shall be obliged to pay a pro rata share of the levies due for the calendar month in which the completion date occurs. 13.6 All levies shall be paid to the Seller until registration of transfer and thereafter to the Body Corporate of the sectional title schemeCorporate. 13.7 It has been explained to the Purchaser that the levy payable to the body corporate Body Corporate is allocated between the owners of units proportionately to the size of each unit. This allocation is called a participation quota.

LEVIES. 13.1 As has already been explained in the paragraphs above, the Seller will be carrying out the obligations of the body corporate until it is established and will be bearing the costs associated with this. It is therefore agreed as follows: 13.2 From the completion date the Purchaser shall be liable for the levy calculated in accordance with the participation quota attributable to each unit, as if the Purchaser was the registered owner of the unit and as if the Body Corporate had already been established. 13.3 The Seller reserves the right to install fibre optic communication or any other data and/or voice communication services in respect of the development as well as a network to serve each individual unit within the development. In the event that the Seller so elects to install the aforesaid communication and network, an additional levy per month shall be imposed upon the owners by the Body Corporate for these services. The monthly additional levy will not be calculated according to the participation quota of each unit. The basic monthly charge will be shared in equal amounts by each owner of every unit used as a dwelling whether such owner make use of the service or not. The Purchaser specifically acknowledges that he/she will be liable for this additional levy plus VAT thereon, an estimate of which is detailed in Schedule “A”. 13.4 Until the levies are levy is formally determined by the Body Corporate the levies levy shall be deemed to be the amount determined by the managing agent agents referred to in paragraph 24 below. 13.5 All levies Such levy shall be paid monthly in advance on the first day of each and every calendar month provided that if the completion date falls on any day other than the first day of a calendar month, then the Purchaser shall be obliged to pay a pro rata share of the levies levy due for the calendar month in which the completion date occurs. 13.6 All levies Such levy shall be paid to the Seller until registration of transfer and thereafter to the Body Corporate of the sectional title scheme. 13.7 It has been explained to the Purchaser that the levy payable to the body corporate is allocated between the owners of units proportionately to the size of each unit. This allocation is called a participation quota.

LEVIES. 13.1 As has already been explained in the paragraphs above, the Seller will be carrying out the obligations of the body corporate until it is established and will be bearing the costs associated with this. It is therefore agreed as follows: 13.2 From the completion date the 6.1 The Purchaser shall be liable from the occupation date for levies payable to the levy calculated body corporate in accordance with terms of the participation quota Sectional Title Schemes Management Act attributable to each unit, unit as if the Purchaser was were the registered owner of the unit and as if the Body Corporate had already been established. 13.3 The Seller reserves the right to install fibre optic communication or any other data and/or voice communication services unit. These levies are set out in respect of the development as well as a network to serve each individual unit within the development. In the event that the Seller so elects to install the aforesaid communication and network, an additional levy per month shall be imposed upon the owners by the Body Corporate for these servicesAnnexure C1. The monthly additional Management Rules will also be amended in terms of Section 11(2) (a) , subject to CSOS approval, to allow for the allocation of an equal levy will to each Section in the Scheme to cover costs where it would not be calculated equitable to allocate according to the participation quota of each unit. The basic monthly charge will be shared Participation Quota (▇.▇.▇▇▇▇▇▇▇▇).These levies are set out in equal amounts by each owner of every unit used as a dwelling whether such owner make use of the service or notAnnexure C2. The Purchaser furthermore acknowledges that he/she the body corporate levy may be amended as a result of any additions made to the unit by the Purchaser (e.g. a sunroom to be constructed) which will be liable result in the Participation Quota being amended to make provision for this additional levy plus VAT thereonsuch addition and as a result thereof, an estimate of which is detailed in Schedule “A”increased levy shall be paid by the Purchaser. 13.4 Until the levies are formally determined by the Body Corporate the levies shall be deemed to be the amount determined by the managing agent referred to in paragraph 24 below. 13.5 All 6.2 Such levies shall be paid monthly in advance on the first day of each and every calendar month provided that if the completion occupation date falls on any day other than the first day of a calendar month, then the Purchaser shall be obliged to pay a pro rata share of the levies due for the calendar month in which the completion occupation date occurs. 13.6 All 6.3 Such levies shall be paid to the Seller until registration of transfer and thereafter to the Body Corporate body corporate. 6.4 During the development period, the developer may not be required to pay levies in respect of any expenses of the sectional title schemebody corporate, other than pro rata levies in respect of rates due to the local authorities in respect of the land, building/s or other improvements in the scheme in which the developer is the registered owner of a unit and insurance premiums in respect of the insurance of any building/s in which the developer is the registered owner of a unit. 13.7 6.5 It has been explained is recorded that the cost of the following will be charged as part of the basic levy, which is attributable to all units on the basis of the Participation Quota: 6.5.1 Insurance of the units and the Common Property; 6.6 It is recorded that the cost of the following will be charged as part of the basic levy, which is attributable equally to all units in the Scheme: Additional security; Payment of common electricity and water; Reception/ Administration facilities; Provision of administrative staff and/or seconded as required for the efficient management and running of the Fynbos Lifestyle Village; Provision of all the necessary items for the administration of the Fynbos Lifestyle Village; Maintenance of the common property, the Club House and the exterior of all buildings, pumps, water features , Detention Ponds, storm water servitudes and irrigation; (if any); 6.7 The Rates and Taxes will be assessed and payable by individual purchasers directly to the Purchaser that Local Authority and are therefore not included in the levy payable to the body corporate is allocated between the owners of units proportionately to the size of each unit. This allocation is called a participation quotabasic levy.

LEVIES. 13.1 As has already been explained in the paragraphs above, the Seller will be carrying out the obligations of the body corporate until it is established and will be bearing the costs associated with this. It is therefore agreed as follows: 13.2 From the completion date the 11.1 The Purchaser acknowledges that he shall be liable for the payment of levies for the POA with effect from the date of transfer, the estimated levy calculated being as per paragraph 6 of the covering schedule. 11.2 The Purchaser shall be obliged to furnish the POA with a debit order drawn on the Purchaser’s bank in respect of payment of all ▇▇▇▇▇ s as contemplated in clause 11.1 above. 11.3 For the duration of the development period, the Seller shall not be liable for the payment of levies in respect of any unsold ▇▇▇▇▇ or undeveloped land arising from the subdivision of the land. The Seller shall, however, pay the difference between the actual expenses incurred by the POA in accordance with the participation quota attributable to each unit, as if the Purchaser was the registered owner provisions of the unit constitution (excluding any provisions for a res erve fund), and as if the Body Corporate had already aggregate of the levies payable jointly by the members who are registered owners of ▇▇▇▇▇, including any other income received by the POA (e.g. penalties). For the avoidance of any doubt it is recorded that in determining the aggregate of individual levies payable by members who are registered owners from time to time for the purposes of this clause 11.2, the aggregate shall include all levies payable by such members, irrespective of whether or not such levies have actually been establishedpaid by those members. 13.3 The Seller reserves 11.4 Pending the right to install fibre optic communication or any other data and/or voice communication services in respect determination of the development actual amount of such levies, the Pur chaser shall from the transfer date pay on account of such levies an amount as well as a network to serve each individual unit within the development. In the event that shall be certified by the Seller or the Conveyancers as being their bona fide estimate of such monthly levies. Upon the determination of the actual monthly levies so elects to install the aforesaid communication and network, an additional levy per month payable any amount underpaid or overpaid shall forthwith be imposed upon the owners paid or reimbursed by the Body Corporate for these services. The monthly additional levy will not be calculated according one party to the participation quota of each unit. The basic monthly charge will be shared in equal amounts by each owner of every unit used as a dwelling whether such owner make use of the service or not. The Purchaser acknowledges that he/she will be liable for this additional levy plus VAT thereon, an estimate of which is detailed in Schedule “A”other. 13.4 Until the levies are formally determined by the Body Corporate the levies shall be deemed to be the amount determined by the managing agent referred to in paragraph 24 below. 13.5 All 11.5 Such levies shall be paid to the Seller or its appointed agent and thereafter (once established) to the POA, monthly in advance on the first day of each and every calendar month commencing from the transfer date provided that if the completion transfer date falls on any day other than the first day of a calendar month, then the Purchaser shall be obliged to pay a pro rata share of the levies due for the calendar month in on which the completion transfer date occurs. 13.6 All levies shall be paid to the Seller until registration of transfer and thereafter to the Body Corporate of the sectional title scheme. 13.7 It has been explained to the Purchaser that the levy payable to the body corporate is allocated between the owners of units proportionately to the size of each unit. This allocation is called a participation quota.