Housing Development Schemes for Retired Persons Act, 1988 (Act No. 65 of 1988)

7. Limitation of occupation of land to which housing interest relates
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(1)After a housing interest has been transferred to or has otherwise been vested in a person by virtue of a contract, no person other than a retired person or the spouse of a retired person may occupy the land to which that housing interest relates, except with the written consent of all the holders of housing interests in the housing development scheme concerned.

 

(2)Any person who contravenes subsection (1) shall be guilty of an offence and liable on conviction to a fine not exceeding R1 000 or to imprisonment for a period not exceeding six months or to both that fine and that imprisonment.

 

[Section 7 substituted by section 2 of Act No. 20 of 1989]