Examples of STSMA in a sentence
The Purchaser acknowledges and consents to the amendment of the Sectional Title Rules of the STSMA.
In terms of the Sectional Title legislation, Bodies Corporate (the borrower) can only be “destroyed” in terms of section 17 of the STSMA (Deemed destruction), section 49 of the STA (Disposal on destruction of buildings) and section 2(7) of the STSMA (which requires the Body Corporate to have perpetual succession).
The Purchaser acknowledges that this sale is governed by the Act and the STSMA and that the Purchaser is aware of and shall be bound by the Rules, Regulations, conditions and servitudes of whatever nature pertaining to the sale, ownership and use of the Subject Matter.
An Owner / Occupier of a Unit shall ensure that a Parking Bay not allocated to him, his visitors or his guests cannot be used unless that Owner/Occupier is entitled to use such a Parking Bay in terms of the allocation in terms of Section 10 of the STSMA.
For the avoidance of doubt, it is recorded that no exclusive use areas will be registered in favour of any Owner in respect of a Parking Bay, but all Parking Bays will be allocated to an Owner in terms of Section 10 of the STSMA.