Participation Quota definition

Participation Quota means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the Act.

Participation Quota means the percentage allocated to the Section in the Sectional Plans of the Scheme as registered and filed in the office of the relevant Deeds Registry or, in the event of such Sectional Plans not having been registered a percentage expressed to four decimal places and arrived at by dividing the floor area correct to the nearest square metre, of all the Sections in the buildings comprised in the Scheme;

Participation Quota means, in relation to a section in the Scheme, the percentage determined in accordance with the provisions of section 32(1) or (2) of the STA in respect of that section for the purposes referred to in section 32(3) of the STA, and shown on the Sectional Plan in accordance with provisions 5(3)(g) of the STA;

Examples of Participation Quota in a sentence

• The undivided share in the common property apportioned to the Section shall be in accordance with the Participation Quota which is ultimately determined in terms of the Act upon approval and registration of the Sectional Plan.

• The undivided share of the Common Property apportioned to the Section shall be in accordance with the Participation Quota, which is ultimately determined in terms of the Act upon approval and registration of the Sectional Plan.

• Levies and Special Levies shall be calculated according to the Pro Rata Quota and the Participation Quota as the case may be, unless exempted from the payment of Levies or Special Levies, by the Developer during the Development Period, and thereafter by the Board.

• The Participation Quota given above is an estimate and based on the final number and sizes of units in the completed Scheme.

• The Unit described in A2 hereof together with an undivided share (and apportioned to the said Section in accordance with the Participation Quota) in the Common Property as shown and more fully described on the attached Plan and the exclusive use areas allocated to the section in terms of the Rules.

More Definitions of Participation Quota

Participation Quota means the participation quota allocated to the section in the sectional plans and upon opening of the sectional title register, the registered sectional plans.

Participation Quota means a percentage expressed to four decimal places, and arrived at by dividing the floor area, correct to the nearest square metre, of the Purchaser’s unit, by the floor area, correct to the nearest square metre, of all the units in the building or buildings in the housing development scheme.

Participation Quota means a percentage expressed to 4 decimal points and arrived at by dividing the floor area, to the nearest square meter, of the Unit and the exclusive use area by the total floor area, to the nearest square meter, of the Scheme;

Participation Quota means the Participation Quota allocated to the Section in the Sectional Plan and upon opening of the sectional title register, the registered Sectional Plan;

Participation Quota means the percentage determined in accordance with the provisions of section 32 (1) or (2) in respect of that section/unit for the purposes referred to in section 32 (3), and shown on a sectional plan in accordance with the provisions of section 5 (3) (g) of the Sectional Titles Act 95 of 1986.

Participation Quota means, in relation to any Section, the square meterage of such

Participation Quota means, in relation to any Section, the square