Common use of LEVIES Clause in Contracts

LEVIES. 10.1 The Purchaser is liable for the payment of monthly levies as from date of occupation, to the Body Corporate, or until transfer of the Unit in the name of the Purchaser, to the Seller, whichever occurs first as appears from ANNEXURE D and subject to clause 10.5 hereof. The levies are payable monthly in advance before the 7th (seventh) day of each month. The initial estimated levy will be as set out in ANNEXURE D hereof. 10.2 The levies cover and represent all costs incurred by the Seller or the Body Corporate relating to the management, control, maintenance, improvement of and repairs to the Development Scheme and comprise, but is not limited to, all costs relating to the supply of electricity, fuel, gas, water, sewerage, insurance premiums, employees’ wages and all other costs, of any nature whatsoever. 10.3 The Purchaser is liable to pay for his own electricity consumption which is measured separately as well as rates and taxes from the Date of occupation or the date of registration of transfer of the Property into the name of the Purchaser, whichever date occurs first. 10.4 The Purchaser is liable for the payment in advance of levies from the Date of occupation or the date of registration of transfer of the Property into the name of the Purchaser, whichever date occurs first, together with all legal fees and other costs incurred as a result of non-compliance with this Contract. The first of such levy payments shall include the amount in respect of the Body Corporate’s obligation to repay the Seller amounts paid by the Seller, on behalf of the Body Corporate to Eskom and/or the local authority in respect of consumption deposits for the consumption of water and/or electricity, which amounts will be paid by the Purchaser as determined in accordance with the participation quota. 10.5 The initial levies as set out in ANNEXURE D will be adjusted by the Seller as costs rise. As the costs, to be paid by the total levies, rise, so too will levies rise. The Seller will give the Purchaser at least 1 (one) calendar month’s written notice of any rise or adjustment in the levies. 10.6 If the Purchaser makes use of outside services, this does not exempt the Purchaser from payment of the normal levies. The Purchaser, therefore, remains liable for the full levy as specified. 10.7 Aside from the purchase price, the levies and Occupational Rental (if applicable) the Purchaser is not obligated to pay any further amounts to the Seller, except for damages as set out in this Contract. 10.8 Notwithstanding any other stipulation in the Contract, any failure or omission by the Purchaser to pay the levies on time as stipulated or may be stipulated shall be interpreted as a material breach of the Purchaser’s obligations in terms of this Contract.

LEVIES. 10.1 The Purchaser is liable for the payment of monthly levies as from date of occupation, whichever occurs first, to the Body Corporate, or until transfer of the Unit in the name of the Purchaser, to the Seller, whichever occurs first as appears from ANNEXURE D and subject to clause 10.5 hereof. The levies are payable monthly in advance before the 7th (seventh) day of each month. The initial estimated levy will be as set out in ANNEXURE D hereof. 10.2 The levies cover and represent all costs incurred by the Seller or the Body Corporate relating to the management, control, maintenance, improvement of and repairs to the Development Scheme and comprise, but is not limited to, all costs relating to the supply of electricity, fuel, gas, water, sewerage, insurance premiums, employees’ wages and all other costs, of any nature whatsoever. 10.3 The Purchaser is liable to pay for his own electricity consumption which is measured separately as well as rates and taxes from the Date of occupation or the date of registration of transfer of the Property into the name of the Purchaser, whichever date occurs first. 10.4 The Purchaser is liable for the payment in advance of levies from the Date of occupation or the date of registration of transfer of the Property into the name of the Purchaser, whichever date occurs first, together with all legal fees and other costs incurred as a result of non-compliance with this Contract. The first of such levy payments shall include the amount in respect of the Body Corporate’s obligation to repay the Seller amounts paid by the Seller, on behalf of the Body Corporate to Eskom and/or the local authority in respect of consumption deposits Deposits for the consumption of water and/or electricity, which amounts will be paid by the Purchaser as determined in accordance with the participation quota. 10.5 The initial levies as set out in ANNEXURE D will be adjusted by the Seller as costs rise. As the costs, to be paid by the total levies, rise, so too will levies rise. The Seller will give the Purchaser at least 1 (one) calendar month’s written notice of any rise or adjustment in the levies. 10.6 If the Purchaser makes use of outside services, this does not exempt the Purchaser from payment of the normal levies. The Purchaser, therefore, remains liable for the full levy as specified. 10.7 Aside from the purchase Purchase price, the levies and Occupational Rental (if applicable) the Purchaser is not obligated to pay any further amounts to the Seller, except for damages as set out in this Contract. 10.8 Notwithstanding any other stipulation in the Contract, any failure or omission by the Purchaser to pay the levies on time as stipulated or may be stipulated shall be interpreted as a material breach of the Purchaser’s obligations in terms of this Contract.

LEVIES. 10.1 The Purchaser is liable for the payment of monthly levies as from f rom date of occupation, to the Body Corporate, or until transfer of the Unit in the name of the Purchaser, to the Seller, whichever occurs first f irst as appears from f rom ANNEXURE D and subject to clause 10.5 hereofhereof . The levies are payable monthly in advance before the 7th (seventh) day of each month. The initial estimated levy will be as set out in ANNEXURE D hereof. 10.2 The levies cover and represent all costs incurred by the Seller or the Body Corporate relating to the management, control, maintenance, improvement of and repairs to the Development Scheme and comprise, but is not limited to, all costs relating to the supply supp ly of electricity, fuel, gas, water, sewerage, insurance premiums, employees’ wages and all other costs, of any nature whatsoever. 10.3 The Purchaser is liable to pay for his own electricity consumption which is measured separately as well as rates and taxes from f rom the Date of occupation or the date of registration of transfer of the Property into the name of the Purchaser, whichever date occurs firstf irst. 10.4 The Purchaser is liable for the payment in advance of levies from f rom the Date of occupation or the date of registration of transfer of the Property into the name of the Purchaser, whichever date occurs firstf irst, together with all legal fees and other costs incurred as a result of non-compliance with this Contract. The first f irst of such levy payments shall include the amount in respect of the Body Corporate’s obligation to repay the Seller amounts paid by the Seller, on behalf of the Body Corporate to Eskom and/or the local authority in respect of consumption deposits for the consumption of water and/or electricity, which amounts will be paid by the Purchaser as determined in accordance with the participation quota. 10.5 The initial levies as set out in ANNEXURE D will be adjusted by the Seller as costs rise. As the costs, to be paid by the total levies, rise, so too will levies rise. The Seller will give the Purchaser at least 1 (one) calendar month’s written notice of any rise or adjustment in the levieslevies . 10.6 If the Purchaser makes use of outside services, this does not exempt the Purchaser from f rom payment of the normal levies. The Purchaser, therefore, remains liable for the full levy as specified. 10.7 Aside from f rom the purchase price, the levies and Occupational Rental (if applicable) the Purchaser is not obligated to pay any further amounts to the Seller, except for damages as set out in this Contract. 10.8 Notwithstanding any other stipulation in the Contract, any failure or omission by the Purchaser to pay the levies on time as stipulated or may be stipulated shall be interpreted as a material breach of the Purchaser’s obligations in terms of this Contract.

LEVIES. 10.1 13.1 The Purchaser is liable for the payment of monthly levies as from date of occupationlevies, including the compulsory food levy, to the Body CorporateWaterkloof Marina Retirement Estate Home Owners Association, or until transfer of the Unit in the name of the Purchaser, to the Seller, whichever occurs first as appears from ANNEXURE D F and subject to clause 10.5 13.5 hereof. The levies are payable monthly in advance before the 7th (seventh) day of each month. The initial estimated levy will be as set out in ANNEXURE D hereofF hereof and which is determined by adding the extent of the exclusive use areas for parking purposes, as at the date of the opening of the sectional title register, to the extent of the unit in calculating the participation quota to establish the levies payable. 10.2 13.2 The levies cover and represent all costs incurred by the Seller or the Body Corporate Waterkloof Marina Retirement Estate Home Owners Association relating to the management, control, maintenance, improvement of and repairs to the Development Scheme and comprisefacilities enjoyed by the residents, but is not limited to, all costs relating to the supply of electricity, fuel, gas, water, sewerage, insurance premiums, employees’ wages and all other costs, of any nature whatsoever. 10.3 13.3 The Purchaser is liable to pay for his own electricity consumption which is measured separately as well as rates and taxes from the Date date of occupation or the date of registration of transfer of the Property property into the name of the Purchaser, whichever date occurs first. 10.4 13.4 The Purchaser is liable for the payment in advance of levies from the Date date of occupation or the date of registration of transfer of the Property property into the name of the Purchaser, whichever date occurs first, together with all legal fees and other costs incurred as a result of non-compliance with this Contract. The first of such levy payments shall include the amount in respect of the Body Corporate’s Waterkloof Marina Retirement Estate Home Owners Association's obligation to repay the Seller amounts paid by the Seller, on behalf of the Body Corporate Waterkloof Marina Retirement Estate Home Owners Association to Eskom and/or the local authority in respect of consumption deposits for the consumption of water and/or electricity, which amounts will be paid by the Purchaser as determined in accordance with the participation quota. 10.5 13.5 The initial levies as set out in ANNEXURE D F will be adjusted by the Seller as costs rise. As the costs, to be paid by the total levies, rise, so too will levies rise. The Seller will give the Purchaser at least 1 (one) calendar month’s written notice of any rise or adjustment in the levies. 10.6 13.6 If facilities mentioned in clause 4 hereof are available, the Seller or the Waterkloof Marina Retirement Estate Home Owners Association shall have the right to claim special levies from the Purchaser from time to time, in regard to costs or expenses relating to the facilities, provided for in clause 4.1 hereof. Special levies are payable in a manner reasonably determined by the Seller or the Waterkloof Marina Retirement Estate Home Owners Association. The Seller or the Waterkloof Marina Retirement Estate Home Owners Association is entitled to reasonable compensation for any extraordinary services rendered to the Purchaser or the Occupier. 13.7 If the Purchaser makes use of outside services, this does not exempt the Purchaser from payment of the normal levies. The Purchaser, therefore, remains liable for the full levy as specifiedspecified in ANNEXURE F hereto. 10.7 13.8 Aside from the purchase price, the levies and Occupational Rental occupational rental (if applicable) the Purchaser is not obligated to pay any further amounts to the Seller, except for damages as set out in this Contract. 10.8 13.9 Notwithstanding any other stipulation in the Contract, any failure or omission by the Purchaser to pay the levies on time as stipulated or may be stipulated shall be interpreted as a material breach of the Purchaser’s obligations in terms of this Contract.