Examples of Deed of Supervision in a sentence
There was further concern that the village operator had not been complying with the Deed of Supervision in the keeping of its accounts.
The dispute in that case concerned compliance by the village operator with the requirements of regulation 49 (d) and (e) of the Retirement Villages (General) Regulations 2006 which includes provision for the contents of a Deed of Supervision.
In the event that my application is successful, I agree to accept the right of occupation on the terms contained therein subject to the provisions of the Deed of Supervision.
The Resident acknowledges and agrees that the Operator will not receive payment for such new Occupation Right Agreement until such payment is authorised by the Statutory Supervisor in accordance with the Deed of Supervision, which requires amongst other matters that the cooling off period prescribed by the Act for such new Occupation Right Agreement has expired (“Repayment Date”).
We will notify the Statutory Supervisor of a dispute notice if we consider the outcome of the dispute: may affect a significant number of the Village residents; the general operation of the Village; our rights and obligations under the Deed of Supervision; or the dispute notice relates to disposal of a former resident's unit.
Deed of Supervision between the Operator and the Statutory Supervisor dated 25 January 2008.
The application of clause 27 of the Deed of Supervision dated 17 May, 2007 lies with the Statutory Supervisor.
Deed of Supervision between the Operator and the Statutory Supervisor dated 9 April 2008, including the Deed of Retirement and Accession dated 12 August 2016 which varies the Deed of Supervision.
A recent example is where an operator had not been required to provide Profit and Loss Statements on a village-by-village basis (as a result of the corporate ownership structure and a multi-party Deed of Supervision) but provided these when requested by their Statutory Supervisor as part of due diligence being carried out prior to considering a consent with respect to then sale of these villages.
So far as the applicants are concerned, that Deed has been replaced by a Deed of Supervision dated 17 May, 2007 between various parties but including the respondent and the present Statutory Supervisor.