Examples of Residential Erven in a sentence
Where two or more Residential Erven have been consolidated, levies shall be payable in respect of each such Residential Erf as they existed prior to consolidation and as if such consolidation had not occurred.
For the duration of the Development Period or for so long as the Developer owns any of the Residential Erven, the Developer shall be a Member of the Association.
It is intended that all the Residential Erven and the Sectional Title Schemes will be integrated to constitute a single security Complex to be served by the same security features such as a surrounding security wall and controlled entrance and all Owners will accordingly be entitled to utilise and enjoy such Common Areas and Services, all in terms of the Conduct Rules and Regulations forming part of the Constitution.
Each Lender and each Swing Loan Bank further agrees to notify the Company promptly, but in any event within five Business Days, after such Lender or such Swing Loan Bank, as the case may be, learns of the circumstances giving rise to such a right to payment or such illegality have changed such that such right to payment or such illegality, as the case may be, no longer exists.
Electricity consumed by Owners of Sectional Title Units or Residential Erven shall be purchased by them from the supplier thereof.
Members and all the Bodies Corporate will allow the Association or its employees access to their Residential Erven or common property of Bodies Corporate to install, maintain and operate such security systems.
Owners of Residential Erven or Bodies Corporate shall be obliged to link into the established security infrastructure provided by the Developer and be entitled to install only security systems such as access control systems, alarm systems, intercoms and close circuit video systems that are compatible and capable of being integrated with such systems of the Association and that have been approved by the Association in writing.
The Common Areas are intended for the use and benefit of both Erf Owners and Sectional Title Unit Owners notwithstanding the fact that the Common Areas will predominantly be situated on the Parent Property on which the Residential Erven are to be laid out.
Members are obliged to commence construction of dwellings on their respective Residential Erven within 3 (three) years from the commencement date and to complete construction of such dwellings within 1 (one) year of the date that the Member commences construction ("the completion date").
The Developer shall, however, for the duration of the Development Period, pay the difference between the actual expenses incurred by the Association (as referred to in clause 10.1 above) but excluding any provisions for a reserve fund, and the aggregate of the levies payable jointly by the Members who are registered owners of Residential Erven each month from time to time.