Building JOPD definition

Building JOPD means the jointly owned property declaration of the Building as prepared by the Seller in the form prescribed by and in accordance with the Jointly Owned Property Law; Building Owners Association / Owners Committee means the association of the Unit Owners constituted in accordance with the Jointly Owned Property Law or the Owners Committee formed as per the Applicable Law.
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Examples of Building JOPD in a sentence

  • Building Rules The Seller expressly discloses and the Purchaser acknowledges and agrees that the Seller’s draft Building Rules are attached to the Building JOPD and that the Purchaser shall comply, and shall ensure the Occupier’s comply, with the Building Rules at all times.

  • Intended Land Uses within the Building The Seller intends that the Building will be for residential use only as further defined in the Agreement and the Building JOPD.

  • Until such time as the Building Owners Association is legally formed and Registered in accordance with the Jointly Owned Property Law, and recognized by the Dubai Land Department and RERA, the Seller (or its nominee) shall undertake the functions (and have such rights and obligations) of the Building Owners Association in accordance with the provisions contained in the Building JOPD.

  • Service Charges The Building Owners Association will levy Service Charges on the Unit Owners to cover the costs of Operating the Building Common Areas (which may also include the Unit Owner’s share of Master Community Service Charges levied on the Building) and the Purchaser has a continuing obligation (together with all other Unit Owners) to contribute towards such expenses calculated and payable in accordance with the Building JOPD.

  • The Building JOPD contains important information regarding the use of the Building Common Areas.

  • Management of Building It is intended by the Seller that, to the extent required by Applicable Law and the requirements of the Relevant Authorities (including the Dubai Land Department and RERA) a Building Owners Association shall be formed in accordance with the Jointly Owned Property Law and for a Building JOPD to be Registered that sets out the rights and obligations of all Unit Owners in the Building.

  • The Purchaser should note that the Seller may vary the draft Building JOPD in its absolute discretion in accordance with the Agreement.

  • The Unit Owner’s right to use the Unit Leisure Facilities may be suspended for any time as deemed appropriate by the Building Owners Association Manager if the Unit Owner does not pay its Service Charges (or any other payment obligations) or is otherwise in default of its obligations in the Building JOPD.

  • A draft copy of the Building JOPD is attached to this Statement at Appendix A.