Sub-Association definition
Examples of Sub-Association in a sentence
Upon registration of transfer of the property, or of any subdivided portion thereof, the transferee and any person who has an interest therein, shall become and shall remain a member of the MOOIBERGE MASTER PROPERTY OWNERS’ ASSOCIATION (“the Association”) and ipso facto a Sub-member of the Sub-Association and be bound by the provisions of its respective constitutions and management and conduct rules (whichever is applicable), until he/she/it ceases to be an owner of the aforesaid property.
Each and every Sub-Member, excluding any exceptions as provided for in this Constitution, will be liable for the payment of levies and Special levies, as and may be imposed by the Association, Sub-Association, the Developer and/or the Board in terms of this Constitution and/or the SAC and/or the MCR.
During the development period, the trustee representing the Developer must, at the election of the Developer, serve as chairperson of any relevant Sub-Association.
Sub- Member and/or Occupants will have no claims against the Developer, the Association, any Sub-Association or the Management Company for any damages or loss suffered as a result of the requisite ponds.
The owner of the property or any subdivided portion thereof, or any person who has an interest therein, shall not be entitled to alienate or transfer the property without the prior written consent of the Association and the issue of a clearance certificate that all amounts owing to the Association and Sub-Association by the owner, have been paid in full and that the Sub-Member/Occupant is not in breach of the Constitution which consent will not be unreasonably withheld.