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This Contract of Sale…………………….is made this (date) between FALCON CREST INVESTMENT CO. LTD of P.O. BOX WJ 132, Accra in the Republic of Ghana hereinafter called THE SUB-LESSOR of the one part and (CLIENT name & address), hereinafter called the SUB-LESSEE of the other part.
WHEREAS the SUB-LESSOR a real estate development company, has acquired the leasehold in a parcel of land situated at SHAI HILLS for the development of a first class community to be known and called SUNCITY-SHAI HILLS.
AND WHEREAS upon application made by the SUB-LESSEE to purchase Plots for development into residential premises the SUB-LESSOR has allocated (x) plots of land (plot reference), described in the schedule below, to the SUB-LESSEE.
AND WHEREAS it is desirable that provisions be made which shall constitute the TERMS OF CONTRACT to Purchase The Sub-Lease of (x) plots of land at SUNCITY-SHAI HILLS and the CONDITIONS for the possession, development and use of the plot allocated therein which TERMS and CONDITIONS shall be additional to and without prejudice to the provisions of the SUB-LESSEE’s transfer deed.
It is hereby agreed as follows:
1. PAYMENT TERMS
a) The SUB-LESSEE has paid an initial deposit of ………………which is …………………………% of the total amount payable; the deposit of which is non-refundable, after 3 months.
b) The balance (AMOUNT) shall be payable in not more than …………….. () monthly installments of ……….. however the SUB-LESSEE may make accelerated payments.
c) The SUB-LESSOR shall deliver an executed DEED of TRANSFER to the SUB-LESSEE after receiving full payment for the property allocated. A fee covering indenture processing is to be paid.
d) Where the SUB-LESSEE defaults in the payment of any installment the SUB-LESSOR shall charge 20% interest on the amount due, on that installment.
e) Where the SUB-LESSEE defaults payment of three (3) consecutive installments the SUB-LESSOR without prior notice shall repossess the property and refund to the SUB-LESSEE all monies paid less 30% deduction for expenses and cost.
f) Where the defaulting SUB-LESSEE has made some development, the property shall be valued by approved valuation officer and the approved value shall be refunded to the SUB-LESSEE less 30% deduction for expenses, nuisance and cost.
g) Where the SUB-LESSEE for any reason decides to terminate this agreement, he shall give three months notice to the SUB-LESSOR. All payments, less 30% for administrative expenses and cost, shall be refunded to him over a period of six (6) equal monthly installments.
2. SERVICES & AMENITIES
The SUB-LESSOR undertakes to ensure the development of the SUNCITY, SHAI HILLS into a first class community by programming for the provision of the following:
a) Water
b) Electricity
c) Tarred Roads
d) Covered Drains
e) Internet Access
f) Sports Complex with modern facilities
g) Worship Centers
h) Educational And Medical Facilities
i) City Center
j) 15 modern Corner shops
k) 24 Hour Security
l) Police Station
m) Fire Station
n) Postal Facilities
o) 25 Open Spaces and Children’s Play Grounds
p) Public Parks and Recreational Centers
q) All streets to be lined with decorative trees and street lights
3. RESTRICTIONS & RULES
3.1 Purpose of restrictions
The restrictions provided for herein shall be used for the general purposes of promoting the recreation, health, common benefit and enjoyment of the Owners and Occupants of plots in SUNCITY.
a) The SUB-LESSEE shall commence the development of property or construct a fence wall within four (4) months of its allocation thereof. Failing this, the SUB-LESSOR shall recover possession of the property and refund to the SUB-LESSEE all monies paid less 30% for administrative expenses, costs and nuisance.
b) All buildings must be completed within 2 years of allocation. Where the SUB-LESSEE is unable to complete the building within the period prescribed, the SUB-LESSOR shall recover the possession of the property and refund to the SUB-LESSEE the agreed value less 30% for administrative expenses, costs and nuisance.
3.2 Fees
a) The SUB-LESSEE shall obtain a SUNCITY Building Permit by submitting building plans for approval at a fee of $200USD for Ghanaian Citizens and $500USD for Non-Ghanaian citizens.
b) The SUB-LESSEE shall pay a ground rent of 20GHC per plot/per year subject to review every 10 years.
c) Every SUB-LESSEE shall pay service charge of $600USD/plot per annum for sanitation, security, landscape maintenance and others, which subject to review every 5 years.
d) A SUB-LESSEE who defaults in the payment of the fees prescribed above, shall be liable to Civil Action for the recovery of same.
3.3 Plot Use
All residential plots shall be used for residential purposes exclusively. The purpose for which the plot was purchased shall not be changed at any time without the prior written approval of THE SUB-LESSOR. Leasing of a plot shall not be considered a business or business activity. However, THE SUB-LESSOR may, but shall not be obligated to, permit a plot to be used for other purposes so long as such purpose, in the sole discretion of THE SUB-LESSOR, does not create a disturbance and does not unduly increase traffic flow or parking congestion.
3.4 Signs
No sign of any kind shall be erected by the Owner or Occupant within the Community without the prior written consent from THE SUB-LESSOR except (a) when offering a plot or residence for sale or for lease, not more than one (1) professionally Lettered “For Sale” or “For Rent” sign consistent with the Community-Wide Standard and having a maximum area of four (4) square feet, (b) professional security signs consistent with the Community-Wide Standard, (c) any signs required by legal proceedings, and (d) signs erected by THE SUB-LESSOR. Notwithstanding the foregoing. The SUB-LESSOR shall have the right to erect reasonable and appropriate signs.
3.5 Animals and Pets
No animals, livestock, or poultry of any kind may be raised, bred, kept or permitted on any plot, except dogs, cats or other usual and common household pet may be kept on a plot in a reasonable number, as determined by the SUB-LESSOR; provided, however, only dogs and cats shall be permitted outside the residences constructed on the plots. Pets which are permitted to roam free, or, in the sole discretion of THE SUB-LESSOR, make objectionable noise, or endanger the health of or constitute a nuisance or inconvenience owners of other plots or the owner of any property located adjacent community, may be removed by THE SUB-LESSOR.
3.6 Tree Removal
No trees that are more than four (4) inches in diameter at a point two (2) feet above the ground shall be removed without the prior written consent of THE SUB-LESSOR except for (a) trees, regardless of their diameter, that are located within ten (10) feet of a drainage area, a Septic field, a sidewalk, a residence, or a driveway, (b) diseased or dead trees, and (c) trees removed by THE SUB-LESSOR.
3.7 Drainage.
Catch basins and drainage areas are for the purpose of natural flow of water only. No obstructions or debris shall be placed in these areas. No owner or Occupant may obstruct or re-channel the drainage flows after location and installation of drainage swales, storm sewers, or storm drains.
3.8 Sight Distance at Intersections.
All property located at street intersections shall be landscaped so as to permit safe sight across the street corners. No fence, wall, hedge, shrub planting shall be placed or permitted to remain where it would create a traffic or sight problem.
3.9 Garbage cans, wood piles, etc.
All garbage cans, woodpiles, and other similar items shall be located or screened so as to be concealed from view of neighboring streets and property. All rubbish, trash, and garbage shall be regularly removed and shall not be allowed to accumulate.
3.10 Nuisance.
It shall be the responsibility of each Owner and Occupant to prevent the development of any unclean, unhealthy, unsightly, or unkempt condition on such Owner’s plot. No property within the community shall be used, in whole or in part, for the storage of any property thing that will cause such plot to appear to be in an unclean or untidy condition or that will be obnoxious to the eye; nor shall any substance, thing, or material be kept that will emit foul or obnoxious odors or that will cause any noise or other condition that will or might disturb the peace, quiet, safety, comfort or serenity of the occupants of surrounding property. No noxious or offensive activity shall be carried on within the Community, nor shall anything be done tending to cause embarrassment, discomfort, annoyance, or nuisance to any Person using any property within the Community. There shall not be maintained any plants or animals or device or thing of any sort whose activities or existence in any way is noxious, dangerous, unsightly, unpleasant, or of any nature as may diminish or destroy the enjoyment of the Community. Without limiting the generality of the foregoing, no speaker, horn, whistle, siren, bell, amplifier or other sound device, except such devices as may be used exclusively for security purposes shall be located, installed or maintained upon the exterior of any plot unless required by law.
4. DEVELOPMENT
Development of the property shall strictly be in conformity with the layout of the SUNCITY and the following specifications
a) Front wall must be designed and not more than five feet in height.
b) Roofing to be colored roofing tiles or colored aluminum sheets samples of which shall be available at THE SUB-LESSOR’s site office.
c) Building Location, Standards and Quality: No building shall be located on any plot nearer than ten (10) feet to the front plot line, or nearer than five (5) feet to any side plot line, or nearer than five (5) feet to any rear plot line, unless a deviation from such restrictions shall have been approved, in writing by the SUB-LESSOR.
4.1 Architectural Control.
To ensure a standard of improvements satisfactory to all plot owners, no building, fence, residence or other improvement shall be erected upon or moved on to the property without the approval in writing of THE SUB-LESSOR or its successors in interest, or their duly authorized agent or agents, upon submission of proposed plans and specifications and location thereof. This right of approval may be delegated to a committee appointed by THE SUB-LESSOR. A failure to exercise the right of approval in anyone or more instances shall not be a waiver of the right to exercise the right of approval in any other instance. In administering this item, the design an appearance of a dwelling or of a building and its surroundings will be of primary importance. Any fences erected on the property must be approved by THE SUB-LESSOR or its successors in interest. Gates are to be constructed and hung in a good workmanlike manner. All residences shall be served by septic tanks and overflows which comply with local health requirements. Lots are not to have more than two (2) detached buildings and security gatepost.
4.2 SunCity Building Regulations
All buildings must comply with Suncity building regulations additional to all other rules, regulations, statutory provisions and laws relating to construction provided for by the State Agencies, relevant Local /Planning Authorities.
4.3 Subdivision of lot
No lot shall be subdivided or its boundary lines changed except with the prior written approval of THE SUB-LESSOR. THE SUB-LESSOR, however, hereby expressly reserves the right to subdivide any Lot or Lots owned by THE SUB-LESSOR. Any such division or boundary line change shall not be in violation of the applicable subdivision and zoning regulations.
THE SUB-LESSOR shall have the right of entry into the SUB-LESSEE’S property for the purpose of inspection, monitoring or ensuring compliance with the provisions of this agreement.
5. ENFORCEMENT
If any present or subsequent owner of the property subject to these restrictions, or their heirs and assigns, shall violate or attempt to violate any of the covenants or restrictions contained herein, then THE SUB-LESSOR and/or any person or persons owning a lot or lots within the property may institute any proceeding at law or in equity against the person or persons violating or attempting to violate such restrictions, and to prevent the same by injunction and/or to recover damages for such violation.
6. SEVERABILITY
If any one or more of the restrictions or covenants herein contained are declared invalid by any order of any court having jurisdiction, such invalidation shall in no way affect any other restriction herein contained, all of which shall remain in full force and effect, each being treated as a separate instrument.
7. SUNCITY COMMUNITY RULES & REGULATIONS
7.1 Rules & Regulations
These guidelines are for the benefit of all homeowners, residents and guests in the SUNCITY community. The following Rules & Regulations do not include the Parking Rules & Regulations and the Clubhouse Rental Regulations. In the event of any inconsistency between these Rules & Regulations shall prevail.
Section A.
GENERAL RULES
1. Each homeowner is responsible for his or her own actions, as well as the actions of all of the residents of their unit, their tenants and visitors. Each homeowner must supply to each and every one of their tenants a copy of both the SUNCITY Rules & Regulations document.
2. For the consideration of all persons residing within the SUNCITY community, no loud, abusive, boisterous or excessive noise or conduct will be permitted from any owner and/or lessee, his/her invitees and/or guests. This includes, but is not limited to, the use of sound system equipment, radios, televisions, parties, telephone bells, radios, car alarms, barking or other pet nuisances.
3. It is required that in cases of parties whose members occupy any portion of the common area(s) that absolute consideration be given to the surrounding residents in relation to loud, abusive, boisterous or excessive noise or conduct as noted in (#2. above).
4. No planting in common grounds will be permitted by anyone except the gardeners.
5. No planters, statues, ornaments or decorations are permitted atop patio railings, on painted decorative window shelves or in common areas.
6. No playing is allowed in or about pond areas.
7. All Owners are responsible for the conduct of their tenants, families, guests and invitees and any damage to Common Areas.
8. Do not dump oil, grease or any substance, except water, in the common area(s) or drains of the common area(s). Please inform the SUNCITY community management company (Falcon Crest Investments Ltd) if you notice any person who (or evidence thereof) violates this rule.
9. Only SUNCITY community management company (Falcon Crest Investments Ltd), authorized maintenance person or repairperson is allowed to adjust any of the common sprinklers, electrical, lighting, plumbing, communications, security, recreational equipment or other common area property. Please contact the management company as soon as possible, if repairs or adjustments are required.
10. Cigarettes, cigars and pipe ashes should be disposed of properly when in the common area.
11. Trash cans, bottles, brooms, mops, clothes, towels, etc., are to be kept inside the units and out of view. No articles may be hung from the windows or Patio railings.
12. Noise-making objects (i.e., wind chimes) and bird feeders are prohibited in Exclusive Use Common Area (i.e., patios) or any common areas.
13. No bikes, recreation equipment, motorized vehicles or otherwise may be left unattended in common areas or motor courts.
Section B.
TRAFFIC/VEHICLE SAFETY RULES
1. All motor vehicles, including without limitation motorcycles, are to adhere to the 30 km speed limit and exercise extreme caution while traveling within the confines of the complex.
2. All motor vehicles, including without limitation motorcycles, are to veer to the right at all times while traveling through the traffic circles situated near the entrance of this complex.
3. There shall be no revving of any motor on any automobile, motorized vehicle, motorcycle, and off-road vehicle or otherwise at any time within the confines of this complex.
4. There shall be no honking of a horn by any automobile, motorcycle, and off-road vehicle or otherwise at any time within the confines of this complex, except in emergency situations.
5. All persons operating a bicycle within the complex shall follow the same traffic rules applicable to any motor vehicle traveling within the complex. This includes riding on the paved motor courts and not on any landscaped areas.
6. All traffic signs and / or speed limits will be strictly enforced.
Section C.
POOL & JACUZZI RULES
1. For safety reasons, no one under the age of 14 is allowed in the pool area or Jacuzzi unless accompanied by an adult. Violators are subject to a fine.
2. Pets are not allowed in the pool/Jacuzzi areas.
3. Owners are responsible for the actions of their tenants, lessees, guests or invitees while in the pool, Jacuzzi or on any Common Area at any time
4. No glass or breakables are permitted in the pool or Jacuzzi areas at any time.
5. All persons using the pool and/or Jacuzzi do so at their own risk. SUNCITY Community Management Company (Falcon Crest Investment Ltd) is not responsible for accidents or injuries of any kind.
6. All guests must be accompanied by a resident at all times. Guests are limited to no more than four (4) persons per unit.
7. No excessive noise, boisterous conduct, roughhousing or running is permitted on the pool deck or surrounding area; any unruly behavior will not be tolerated at any time.
8. Food and drinks are allowed at poolside only if served in unbreakable containers such as plastic or paper. No food or drinks may be taken into the pool or Jacuzzi.
9. No smoking is permitted while in the pool or Jacuzzi.
10. Radios in the pool area should be tuned for individual listening.
11. Pool furniture, signs and life-saving equipment must not be removed from the pool area.
12. Nudity in the pool and Jacuzzi area is not permitted.
13. Any person using the pool or Jacuzzi shall wear appropriate bathing attire.
14. No jumping, diving or sliding from the edge or railings of the pool or Jacuzzi, with or without the use of flotation device, will be permitted.
15. Life-saving equipment is placed by the pool for rescue purposes only. Life-saving equipment is not for playing. A mandatory fine will be levied against anyone damaging or removing such equipment from the pool areas for other than rescue purposes.
16. No soap, detergents or personal care products, etc. are to be used in the pools or Jacuzzis.
17. No flotation devices are allowed in the pool in excess of 36” in any direction.
18. Among other restrictions, as provided for in the Rules and Regulations, no bicycles shall be permitted in the pool area.
Section D.
PETS
1. Pets must be kept on a leash at all times while passing through the common areas.
2. No pets are allowed in the clubhouse or pool areas.
3. All pets are to be confined within the Owner’s unit. If any pet becomes a general nuisance, restrictive action will be taken. All animals are the sole responsibility of their Owners. Therefore, the Owner is responsible for the immediate clean up of any animal waste products.
4. Pets must be kept free of fleas and parasites to prevent the infestation of units and common areas.
5. Pets must not be left unattended outside on the patio when owners are away. They must be secured inside the unit.
6. All “visiting” pets shall comply with all the above rules.
Section E.
PROPERTY SALES & RENTALS
Sales of property shall be conducted only in accordance with the following rules. Selling owners are responsible for ensuring their brokers and/or prospective purchasers are in compliance with the Rules and Regulations of the SUNCITY Community Management Company (Falcon Crest Investment Ltd), as well as the following:
1. OPEN HOUSE
a. Common area gates may not be propped open or otherwise rendered inoperable to allow access through the main gate to the unit having the “Open House”.
a.
2. Entrance to the unit must be by normal use of the security gate system. Flags and directional signs are not permitted throughout the common area to announce any “Open House”.
3. OWNERS WHO SELL
a. Each Owner must inform the management company in writing when selling their unit and provide the name and telephone number of their sales agent.
b. Each Owner must inform the management company in writing when the unit has been sold and provide the new Owner’s name and telephone number.
4. OWNERS WHO LEASE/RENT
a. Each Owner must provide the management company with the following information:
i. Name(s) of tenant(s).
ii. Home and work telephone numbers of tenant(s).
iii. Car registration number(s), make / model and color of all vehicle(s).
iv. A signed release stating that the lessor / renter have received the By-Laws, and SUNCITY’s Rules & Regulations (Forms for the above are available from the management company).
b. New tenants will not be coded into the entry gate, unless the information in 4.a. is received.
The Owner is responsible for the conduct of their tenants, lessees, guests or invitees who shall be obligated to observe the Rules and Regulations of the
Suncity Community Management Company (Falcon Crest Investment Ltd)
c. Each lease agreement entered into between an Owner and the Owner’s tenant shall specifically include the tenant/lessee’s obligation to adhere to the terms of the governing documents, including the Rules and Regulations of the SUNCITY Community Management Company (Falcon Crest Investment Ltd). Owners will be fined (subject to the SUNCITY Community Management Company (Falcon Crest Investment Ltd)’s Fining Policy) for their tenant’s violation of the Rules and Regulations, and Bylaws.
Section F.
SAFETY
1. Propping open common area doors and / or gates is prohibited.
2. No one shall climb fences or gates to enter or exit the complex, including the pool areas.
3. Suspicious persons or activities should be reported immediately to the SUNCITY Security Department or the Ghana Police Service.
Section G.
RESIDENTIAL USE
The SUNCITY Community By-Laws expressly forbid residential units from being used for commercial purposes and illegal purposes.
Section H.
FINES & ENFORCEMENT PROCEDURES
With any type of community rules and regulations, there are bound to be infractions. It is hoped that the fines in this Section, or assessed by the Board, will discourage the majority of infractions.
1. Owners shall receive at least ten (10) days notice of any meeting at which a decision is to be made regarding the imposition of a penalty for their alleged violation(s). The accused owner shall have the right to appear at the meeting and defend him or herself. If the Owner responds in writing before the hearing, the Board shall consider that letter at the hearing before making its decision. Lack of attendance at the hearing will constitute waiver of all rights to attend a hearing in that specific matter and all action taken in the Owner’s absence will stand as though the Owner was in attendance. The owner will be notified within fifteen (15) days of any decision by the Board to impose a penalty.
2. The time period within which all violations will remain on record is one (1) month from the date the first violation is given, provided such violations are adjudicated.
3. First offenders are subject to receive a written warning.
4. Second offenders are subject to receive a $200USD.00 fine.
5. Third offenders are subject to receive a $500USD fine.
6. Fourth offenders are subject to a fine of $1000USD to $2000USD, depending on the seriousness of the situation, as determined by the Board.
7. Parking Rules & Regulations and Clubhouse Rules & Regulations are separate from these General Rules & Regulations.
8. Please do not take the law into your own hands! Any resident who sees someone who is in violation of this complex’s Rules & Regulations should attempt to ascertain the individual’s name and/or unit number. Please make your complaint to the management company by telephone and follow up in writing. Anonymous complaints will not be considered valid.
Strict adherence to all Rules & Regulations are required and penalties may be assessed if any violations occur.
Section I.
INTERNAL DISPUTE RESOLUTIONS
In the event that a dispute should arise between SUNCITY Community Management Company (Falcon Crest Investment Ltd) and a homeowner, SUNCITY Community Management Company’s (Falcon Crest Investment Ltd) internal dispute resolution procedure is as follows:
Either party to a dispute may invoke the following procedure:
1. The party may request the other party to meet and confer in an effort to resolve the dispute. The request shall be in writing.
2. The homeowner may refuse to meet and confer. The SUNCITY Community Management Company (Falcon Crest Investment Ltd) may not refuse to request to meet and confer.
3. The SUNCITY Community Management Company’s (Falcon Crest Investment Ltd) Board of Directors shall designate a member of the board to meet and confer.
4. The parties shall meet promptly at a mutually convenient time and place, explain their positions to each other, and confer in good faith in an effort to resolve the dispute.
5. A resolution of the dispute agreed to by the parties shall be memorialized in writing and signed by the parties, including the board designee on behalf of the SUNCITY Community Management Company (Falcon Crest Investment Ltd) .
6. The agreement reached is binding and is judicially enforceable if both of the following conditions are satisfied:
a. The agreement is not in conflict with law or the governing documents of the SUNCITY Community Management Company’s (Falcon Crest Investment Ltd) .
b. The agreement is either consistent with the authority granted by the board of directors to its designee or the agreement is ratified by the board of directors.
7. A member of the SUNCITY Community Management Company’s (Falcon Crest Investment Ltd) may not be charged a fee to participate in this internal dispute resolution process.
Section J
PARKING DEFINITIONS
A. PARKING SPACE:A parking space is an area designated by two (2) parallel solid white lines in a designated parking area to be utilized by one (1) vehicle at all times.
B. GUEST PARKING:
A guest is considered to be someone visiting a unit in SUNCITY. Guest parking spaces are for the use of guests only. Homeowners are to ensure that their guests adhere to the parking rules.
PARKING RULES & REGULATIONS
1. Parking in Fire Lanes is not permitted. Unattended vehicles parked in fire lanes are subject to citation, fine and/or immediate towing at the owner’s expense.
2. No parking at any time is allowed in the designated disabled zones, unless a disabled card or registration plate is displayed.
3. Vehicle owners are responsible for promptly cleaning up oil and other fluid spills from their and their guest’s vehicles.
4. Inoperable vehicles may not be parked or otherwise maintained in the common areas of the complex, including the guest parking stalls.
5. Apart from delivery vans and pickups, oversized trucks (too large to fit into the garage), trailers, campers, recreational vehicles, boats or similar equipment are not allowed within the complex without the prior approval of the Board of Directors.
6. All resident vehicles must be registered with Suncity Community Management Company (Falcon Crest Investment Ltd) upon moving in. Change in vehicles must be reported in a timely manner.
A. ENFORCEMENT AND APPEALS
Enforcement of the Parking Rules & Regulations is conducted by the Parking Committee, which is made up of SUNCITY homeowners who have volunteered to help enforce the rules of our community. Parking areas are checked on a regular basis for vehicles in violation of the rules. Vehicles found to be in violation will be ticketed and subject to a fine.
B. FINES
Owners shall receive at least seven (7) days notice of any meeting at which a decision is to be made on imposing a penalty for their alleged violation(s). The accused owner shall have the right to appear at the meeting and defend him or herself. If the owner responds in writing before the hearing, the Board shall consider that letter at the hearing before making its decision. Lack of attendance at the hearing will constitute waiver of all rights to attend a hearing in that specific matter and all action taken in the owner’s absence will stand as though the owner was in attendance. The owner will be notified within ten (10) days of any decision by the Board to impose a penalty.
C. TOWING
If any one vehicle receives five parking violations within a three month period, a tow warning will be placed on the vehicle. On the fourth violation, the vehicle will be subject to towing. Towing must be authorized by the Board of Directors.
Suncity Community Management Company (Falcon Crest Investment Ltd)
will keep a record of vehicles with final tow notices.
If the homeowner feels that a vehicle was towed in error, the homeowner may appeal to the Board of Directors in writing and the appeal will be considered at the next Board Meeting. If the vehicle belongs to a tenant, the homeowner (not the tenant) needs to appear before the Board.
Section K
TERMINATION
The above rules and regulations are conditions of this agreement. The breach of any one of them, shall entitle the SUB-LESSOR to terminate the agreement without notice, repossess the property and refund where applicable all monies paid, less 30% for administrative expenses, nuisance and cost, over a period of six (6) equal monthly installments.
Section L
AMENDMENTS
Any of the restrictions imposed in this agreement may at any time or times be amended by the SUB-LESSOR without prior notice. Additional restrictions may be placed on said Property in the same manner provided however that such amendments or additions shall be in the best interest of SUNCITY and the welfare of the residents.
THE SCHEDULE OF THE ABOVE REFERRED TOALL THAT PIECE OR PARCEL OF LAND situate lying and being at SUNCITY-SHAI HILLS-DANGBE WEST DISTRICT, GREATER ACCRA REGION OF THE REPUBLIC OF GHANA, containing an approximate area of……….acre and bounded on the North SUB-LESSOR’s land measuring ……….feet more or less on the South by SUB-LESSOR’s land measuring ……….ft on the West by the SUB-LESSOR’s land measuring ……….ft more or less on the East by the SUB-LESSOR’s land measuring ……….ft more or less which piece of land is more particularly delineated on the plan attached hereto and thereon shewn edged PINK.
IN WITNESS WHEREOF the parties hereto set their hands the day and year first above written.
SIGNED ON BEHALF OF
FALCON CREST INVESTMENT LTD BY
SAMUEL K. DIAME (CEO)
THE SUBLESSOR, IN THE PRESECENCE OF
SIGNATURE……………………………………………………………… DATE……………………………………
SIGNED BY
……………………………………………………………………………….
THE SUB-LESSEE, IN THE PRESENCE OF
SIGNATURE……………………………………………………………… DATE……………………………………