MONTHLY LEVY Clause Samples
The Monthly Levy clause establishes a recurring fee that must be paid on a monthly basis, typically by one party to another under a contract. This fee may cover ongoing services, maintenance, or access to certain facilities, and is usually specified as a fixed amount or calculated according to a set formula. By clearly defining the payment schedule and amount, the clause ensures predictable cash flow for the recipient and clarifies the financial obligations of the paying party, thereby reducing the risk of disputes over payment terms.
MONTHLY LEVY. 5.1 The Building Contractor shall, before commencing any work of whatever nature on the Erf, pay to and for the account of the HOA an amount of R650,00 (Six Hundred and Fifty Rand) per month plus VAT, in respect of each Erf that the Builder is performing any construction within the Development, which levy is payable monthly in advance, towards the HOA’s costs of supervising and inspecting the construction work conducted by the Builder and related activities, relative to the Builder’s obligation in terms of this Agreement.
5.2 The HOA is not required to account to the Building Contractor and/or the Owner as to how and when such levy is expended by the HOA.
MONTHLY LEVY. 9.1. The OCCUPANT shall from date of taking occupation pay in advance to LEISURE HOMES such monthly levy as may from time to time be determined by LEISURE HOMES after consultation with the LIFE OCCUPATION RIGHTS HOLDERS ASSOCIATION COMMITTEE. The present levy is RX,XXX.XX per month, and it is estimated this will increase to RX,XXX.XX over the next two years.
9.2. The levy shall be based on LEISURE HOMES’ estimate of the costs of fulfilling LEISURE HOMES’ obligations in connection with the housing interests and bad debts arising therefrom, including:
9.2.1. Maintaining adjoining grounds
9.2.2. Water, sewerage and refuse removals
MONTHLY LEVY. 5.1 The Building Contractor shall, before commencing any work of whatever nature on the Erf, pay to and for the account of the HOA a monthly levy as determined by the Board of Trustees, in respect of each Erf that the Builder is performing any construction within the Development, which levy is payable monthly in advance, towards the HOA’s costs of supervising and inspecting the construction work conducted by the Builder and related activities, relative to the Builder’s obligation in terms of this Agreement.
5.2 The HOA is not required to account to the Building Contractor and/or the Owner as to how and when such levy is expended by the HOA.
MONTHLY LEVY. 5.1 The Building Contractor shall, before commencing any work of whatever nature on the Erf, pay to and for the account of the HOA an amount per month to be determined by the HOA from time to time. (See Penalties and Tariffs Document), in respect of each Erf on which the Building Contractor is performing any construction within the Estate, which ▇▇▇▇ is payable monthly in advance, towards the HOA’s costs of supervising and inspecting the construction work conducted by the Building Contractor and related activities, relative to the Building Contractor’s obligation in terms of this Agreement.
5.2 The HOA is not required to account to the Building Contractor and/or the Owner as to how and when such levy is expended by the HOA.