S.L. 552.4 Art. 3Types of planning obligations.

(1) A planning obligation may:

(a) be unconditioned or subject to conditions;

(b) be for a specific period or periods or be for an indefinite period of time in regard to any restrictions or requirements mentioned in article 79(2)(a), (b) or

(c) of the Act;

(c) if it requires a sum or sums to be paid in terms of article 79(2)(d) of the Act, that such sum is specified in the public deed entered into by the applicant with the Authority;

(d) if they require a sum or sums to be paid periodically in terms of article 79(2)(d), such sum may be required to be paid for a specified period of time or indefinitely.

(2) A planning obligation entered into by a public deed shall:

(a) include a statement that the obligation is a planning obligation for the purpose of article 79 of the Act,

(b) identify properly the site to which the obligation is related, and

(c) identify exactly the person who enters into a planning obligation and the interest of such person on the site so identified.