Master Community Declaration Clause Samples
Master Community Declaration. The Master Community is further described in the Master Community Declaration issued from time to time by the Master Developer which states the process of governance of the Master Community by the Master Developer. A copy of the Master Community Declaration is attached to this Statement at Appendix B with the JOPD available at URL Link. Name of Building BELGRAVIA HEIGHTS I Description of Building The Building is located within the Jumeirah Village Circle Master Community. The Building is a mixed-use (Commercial + Residential) building comprising G+4P+HC+15 Floors+Roof. Subdivision of Building The Seller intends that the Building will be subdivided into 155 number of apartment Units and the one (1) Retail Unit at the Ground Floor and the Building Common Areas with 193 number of parking bays. Anticipated Completion of the Building The Seller intends that the anticipated completion of the Building is expected to be on or before Q3 2021, subject to any extension as per the clauses of the sale and purchase agreement. Building Common Areas These areas will consist of those parts of the Building which are intended for the use of all Unit Owners and not forming part of any Unit. As at the date of this Statement it is intended that the following may form part of the Building Common Areas: • Car Park Spaces for all unit owners; • Lobby; Entrance Areas; • Entrance foyers; • Lifts; • Landscaped courtyard at Health Club Level; • Swimming pool area; • Outdoor kid’s playground; • Gymnasium; • Male and Female shower and changing rooms; • Garbage disposal rooms; • Corridors; • Fire escape staircases; • Driveways & ramps at parking floors; • Utility services rooms; • Club Lounge & Pool terrace on the Health Club floor; • External Roof terrace on the roof level; • Landscaped areas within the perimeter of the Plot. A draft copy of the Building Common Area Site Plans which shows the proposed Building Common Areas is attached to this Statement as Schedule 2 of Appendix A, the JOPD available at URL Link. The Seller discloses and the Purchaser acknowledges and agrees (and in so doing the Purchaser waives all rights to future claims against the Seller in this regard) that the final number, demarcation and delineation of the Building Common Areas are still to be determined by the Seller and is subject to final survey. Accordingly, the Seller may, in its absolute discretion, vary the number, demarcation and delineation of the Building Common Areas from those depicted above prior to ...
Master Community Declaration. The Master Community is further described in the Master Community Declaration issued from time to time by the Master Developer. The Master Developer may vary the management and governance structure of the Master Community from that disclosed in the Master Community Declaration in its absolute discretion in accordance with the requirements of the Relevant Authorities and the Purchaser waives the right to any future claim or demand against the Seller in relation to any variation by the Master Developer of the Master Community Declaration. Upon completion of Building, the Owners shall adopt such Master Community Declaration including rules and regulations as a part of the Master Community. On-going construction and phasing of the Master Community The Purchaser acknowledges and agrees that, as at the date of Completion, there shall be on-going construction works in the Master Community and that certain Master Community Facilities will remain under design and construction and certain will remain undeveloped. The Purchaser hereby waives any right to (existing or which may exist in the future) any objection, requisition, claim for compensation against the Master Developer or the Seller on the basis of the unavailability of the Master Community Facilities, the lack of development of certain plots and any ongoing construction works in the Master Community. Name of Building DT 1 Description of Building The Building is located within the Master Community. The Building is a residential building comprising Ground, 3 Podium and 13 stories. Subdivision of Building The Seller intends that the Building will be subdivided into 130 number of apartment Units + Re t a i l Un i ts and the Building Common Areas with 150 number of parking bays. Anticipated Commencement and Completion of the Building The Seller intends that the Anticipated Commencement of the construction of the Building shall be May 2017 and the Anticipated Completion of the Building is expected to be on or before ▇▇ ▇▇▇▇, subject to any extension as per the clauses of the sale and purchase agreement. Building Common areas These areas will consist of those parts of the Building which are intended for the use of all Unit Owners and not forming part of any Unit. As at the date of this Statement it is intended that the following may form part of the Building Common Areas: • The Car Park Space for any individual Car Park Spaces; • The Car Park Space for Physically handicapped; • Lobby, Entrance area; • Entrance foyer...
Master Community Declaration. The Master Community is further described in the Master Community Declaration issued from time to time by the Master Developer which states the process of governance of the Master Community by the Master Developer. A copy of the Master Community Declaration is attached to this Statement at Appendix B with the JOPD available at URL Link. Name of Building BELGRAVIA III Description of Building The Building is located within the Jumeirah Village Circle Master Community. The Building is a residential building comprising G+P+4 stories. Subdivision of Building The Seller intends that the Building will be subdivided into 260 number of apartment Units and the Building Common Areas with 295 number of parking bays..