Common use of RIGHT OF EXTENSION Clause in Contracts

RIGHT OF EXTENSION. It is recorded that the Seller has reserved the right to extend the scheme in phases, in terms of Section 25 of the Sectional Titles Act. This means that the Seller may build on to the development at some time in the future. The Purchaser understands and agrees that he might have to endure the inconvenience of on-going construction activities on the site and furthermore accepts that any amenities serving the whole development, or improvements of the common property may only be constructed with the final phase.

RIGHT OF EXTENSION. It is recorded that the Seller has reserved the right to extend the scheme in phases, in terms of Section 25 of the Sectional Titles Act. This means that the Seller may build on to the development at some time in the future. The Purchaser understands and agrees that he might have to endure the inconvenience of on-going ongoing construction activities on the site and furthermore accepts accept that any amenities serving the whole development, or improvements of the common property may only be constructed with the final phase.

RIGHT OF EXTENSION. [IF APPLICABLE] It is recorded that the Seller has reserved the right to extend the scheme in phases, in terms of Section 25 of the Sectional Titles Act. This means that the Seller may build on to the development at some time in the future. The Purchaser understands and agrees that he might have to endure the inconvenience of on-going ongoing construction activities on the site and furthermore accepts accept that any amenities serving the whole development, or improvements of the common property may only be constructed with the final phase.

RIGHT OF EXTENSION. It is recorded that the Seller has reserved the right to extend the scheme in phases, in terms of Section 25 of the Sectional Titles Act. This means that the Seller may build on to the development at some time in the future. The Purchaser understands and agrees that he might have to endure the inconvenience of on-going ongoing construction activities on the site and furthermore accepts accept that any amenities serving the whole development, or improvements of the common property may only be constructed with the final phase.