Sectional Title Act definition

Sectional Title Act means the Sectional Title Act, Act 95 of 1986 as amended;
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Sectional Title Act means the Sectional Titles Act No. 95 of 1986, as amended;
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Sectional Title Act means the Sectional Titles Act No. 95 of 1986 as amended from time to time;
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Examples of Sectional Title Act in a sentence

  • The SELLER warrants that Section 10 of the Sectional Title Act is not applicable to the transaction.

  • Is a unit registered in terms of the Sectional Title Act and used predominantly for residential purposes.

  • Is a unit registered in terms of the Sectional Title Act and used for residential purposes.

  • The Purchaser shall make payment to the Body Corporate from time to time of an amount (plus VAT if applicable) calculated by the Body Corporate as the Purchaser's contribution to all the expenses incurred in the administration of the Building and the Property as determined in accordance with the provision of the Sectional Title Act.

  • If it is resolved or ordered in terms of Section 48 of the Sectional Title Act that such damage should not be reinstated, the proceeds of any claim applicable to the unit shall be made in the first place to the Mortgagee (s) of the particular unit in the policy or the aggregate of the amounts due by the unit owner to the mortgagees under their mortgage bonds, whichever is the lesser.

  • Is a unitregistered in terms of the Sectional Title Act and used predominantly for residential purposes.

  • You are, however, still responsible for ensuring that the property is insured for the full replacement value as stipulated by the Sectional Title Act as amended.

  • As such, the identities of all clients are to be confirmed and verified and clients’ details are screened against lists published by the Financial Intelligence Centre and where necessary, the information is shared with the FIC;• The Deeds Registry Act 1937 and Sectional Title Act 95 of 1986 which both require full descriptions of the parties and property related to the transaction and all information lodged at the Deeds Office becomes public record.

  • Sectional Title Management and preparation of documentation, thereto, or other additional work from the requirements of the Sectional Title Act.

  • The South African Sectional Title Act has adopted a unique twofold basis for calculation of the co-ownership share of a unit.

Related to Sectional Title Act

  • sectional title unit means a unit defined in section 1 of the Sectional Titles Act;

  • sectional title scheme means a scheme defined in section 1 of the Sectional Titles Act;

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Immaterial Title Deficiencies means minor defects or deficiencies in title which do not diminish more than 2% of the aggregate value of the Oil and Gas Properties evaluated in the Reserve Report used in the most recent determination of the Borrowing Base.

  • Permitted Title Exceptions means those exceptions to title to the Real Property that are satisfactory to the Acquiror as determined pursuant to Section 2.2.

  • Owner’s Title Policy means those certain ALTA extended coverage owner’s policies of title insurance issued in connection with the closing of the Mortgage Loan insuring the Mortgage Borrower as the owner of the Property.

  • Transferred Interests has the meaning set forth in the Recitals.

  • Class Title means the designation given under these rules to a class and to each position allocated to such class.

  • the Macfarlane (Special Payments) (No. 2) Trust means the trust of that name, established on 3rd May 1991 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia and other beneficiaries;

  • REMIC I Assets All of the Mortgage Pool Assets.

  • Title Agent means a title insurance company or title agent selected by the Recipient and approved by the OPWC, which Title Agent shall be duly licensed and in good standing under the laws of the State.

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest.

  • Existing Title Policy means, the existing title insurance policy for the Property.

  • REMIC II Assets The REMIC I Regular Interests.

  • Delaware Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time.

  • Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act.

  • AT&T OHIO means the AT&T owned ILEC doing business in Ohio.

  • Title Transfer means the transfer of title to Gas between two (2) Shippers at a Delivery Point, provided that each such party has executed a Transportation Service Agreement, or the transfer of title to Gas between two (2) Shippers at ATP, provided each such party has executed either a Transportation Service Agreement or a Title Transfer Agreement.

  • Undivided Interest means the undivided interest in the Trust evidenced by an Investor Certificate.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Adverse Grantor Trust Event Either: (i) any impairment of the status of the Grantor Trust Pool as a Grantor Trust; or (ii) the imposition of a tax upon the Grantor Trust Pool or any of its assets or transactions.

  • Amplification, transmission and distribution equipment means, but is not limited to, production,

  • 2014-18 MSAA means the Multi-Sector Service Accountability Agreement April 1, 2014 to March 31, 2018.

  • Excepted Property The meaning assigned in the Granting Clauses hereof.

  • Partnership Act means the Delaware Revised Uniform Limited Partnership Act, 6 Del. C. §§ 17-101, et seq., as it may be amended from time to time, and any successor to such statute.