STSM Act definition

STSM Act means the Sectional Title Scheme Management Act, No. 8 of 2011;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

STSM Act means the Sectional Title Schemes Management Act No 8 of 2011; 2.1.34 "Short Term Maintenance" means the day-to-day upkeep and preventative maintenance (including inspection) and repair consisting of yearly services which will benefit the Lessee; 2.1.35 "Signature Date" means the date of signature of this Agreement by the party last signing; 2.1.36 "Sole Permitted Use" means the use of the Premises for the purpose of the conduct of the Lessee's business of the provision of designers, engineers, manufacturers, installers and distributors of electronic hardware/software products for the automotive industry (products and services comprise principally of, but not restricted to, vehicle electronics, vehicle and fleet management/telematics systems, matrix tracking systems), importers, exporters, property owners and all related activities; 2.1.37 "Statement 102" means Statement 102: Recognition of Sale of Assets, Equity Instruments and Business, as contemplated in the Codes; 2.1.38 "TPF Investments" means TPF Investments Proprietary Limited (previously known as Thynx Industrial One Proprietary Limited), registration number 2005/029033/07, a limited liability private company duly incorporated in the Republic of South Africa; 2.1.39 "Transfer Date" means the date of registration of transfer of the Property into the name of the Lessor; 2.1.40 "VAT" means Value-Added Tax charged in terms of the provisions of the VAT Act; and 2.1.41 "VAT Act" means the Value Added Tax Act 89 of 1991.

STSM Act. Sectional Titles Schemes Management Act 8 of 2011 as amended from time to time;

Examples of STSM Act in a sentence

• The Unit is sold subject to all the provisions of the Sectional Title Act 95 of 1986 (as amended) and subject to the provisions of the rules of the body corporate lodged or to be lodged with the Registrar of Deeds in terms of the Sectional Titles Act and the STSM Act and approved by the Community Schemes Ombud Service as required.

• From the Occupation Date the Purchaser shall comply with the provisions of the Act, the STSM Act and the Rules.

• The Managing Agent shall keep full records of their administration as statutorily required from time to time and shall report to the Community Scheme and to all holders of registered sectional mortgage bonds, bonds over units who have notified the Community Scheme of their interest in terms of Section 13(1)(f) of the STSM Act, all matters which, in their opinion, will detrimentally affect the value or amenity of the common property and any of the sections.

More Definitions of STSM Act

STSM Act refers to the Sectional Titles Schemes Management Act, Act No. 8 of 2011, as may be amended from time to time.

STSM Act means the Sectional Titles Scheme Management Act No. 8 of 2011, as amended, or any

STSM Act means the Sectional Title Schemes Management Act No.8 of 2011 and all regulations made in terms thereof as amended or replaced from time to time;