<p><img src="https://biz-file.com/c/2401/723591-208x117.jpg?2" width="208" height="117" alt="Image source: Kelly from" align="left"><br><span >Image source: Kelly from [[https://www.pexels.com Pexels]]</span><p>A developer may, on application for the opening of a sectional title register, reserve the right to extend the scheme in terms of Section 25(1) of the Sectional Titles Act 95 of 1986 (the ‘Act’). The developer is required to stipulate the period for which he requires the right to complete the extensions. The Act does not impose any limitations in relation to this period and the developer is at liberty to reserve a period to meet his requirements. If, however, the period for which the right of extension was reserved lapses by an effluxion of time, can a developer apply to a court for the extension of the said period?</p><br> <a href="https://www.bizcommunity.com/Article/196/637/244929.html">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=637&ct=1&ci=244929">Send to a friend</a></p><div style="clear:left"></div>
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