Common use of Common Property Clause in Contracts

Common Property. 25.1 It is hereby specifically agreed between the parties that the SELLER shall be entitled at any time prior to the opening of the sectional title register and the establishment of a Body Corporate or thereafter, to apply for the subdivision of the land on which the Sectional Development Scheme is to be developed in terms hereof or once the sectional title register has been opened for the subdivision of the common property and thereafter to apply for the issue to him of a certificate of registered sectional title in respect of the subdivided portion in the prescribed form and for the re-entering of such portion in the lands register. 25.2 For the purposes aforesaid the SELLER shall be entitled to obtain title in respect of such subdivided portion and to sell such portion or deal with it in any manner whatsoever without interference from any PURCHASER and for its own benefit. 25.3 The provisions of clause 24.5 with regard to the consent of the PURCHASER to such subdivision and the power of attorney to the SELLER to act on his behalf, shall apply mutatis mutandis to the provisions of this clause.

Appears in 6 contracts

Sources: Deed of Sale, Deed of Sale, Deed of Sale