ETHAFENI
Block A, B, C
DEED OF SALE BY SECTIONAL TITLE
between
BELLANDIA (PTY) LIMITED (Reg. No. 1967/006312/07)
WBHO CONSTRUCTION (PTY) LIMITED (Reg. No. 1983/0011953/07) and
JBR TRUST (IT No. 2247/00)
(trading as Thompson’s View Joint Venture)
("the Seller")
and
_________________________________________________________________________________
("the Purchaser")
PREAMBLE
W H E R E A S:
A.
The Seller has acquired Erf 731 Simbithi (“the Property”).
B.
The Seller is proposing a development on the Property in accordance with certain sketch plans which
have been exhibited to the Purchaser ("the Development Scheme");
C.
The Seller intends to apply for the approval of the Development Scheme in terms of the Sectional Titles
Act 1986 and the opening of a Sectional Title Register in respect thereof.
NOW THEREFORE IT IS AGREED AS FOLLOWS:
1.
INTERPRETATION
1.1
In this agreement, unless inconsistent with the context:
1.1.1
“The Seller” means Bellandia (Pty) Ltd (Registration No.1967/006312/07), WBHO
Construction (Pty) Ltd (Registration No. 1983/0011953/07) and JBR Trust (IT No.
2247/00) (trading as Thompson’s View Joint Venture) of 1st Floor, North Block,
Tannery Park, 23 Belmont Road, Rondebosch, 7700;
1.1.2
“The Purchaser” means the person or organisation as specified in Annexure “A”;
1.1.3
"the Act" means the Sectional Titles Act. No. 95 of 1986 as amended and includes the
Regulations framed thereunder or as amended from time to time;
1.1.4
"the Buildings" means the buildings to be constructed upon the Land;
Page 1
1.1.5
"the Land" means the erf as specified in Annexure "A" and included in the
Development Scheme;
1.1.6
"the Development Scheme" means the Land and Buildings in respect of which the
Seller intends to open a Sectional Title Register;
1.1.7
"the Unit" means the section