Common use of Cancellation by Allottee Clause in Contracts

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier.

Appears in 20 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

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Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier.

Appears in 15 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlierearlier since the project is under self financing scheme.

Appears in 10 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee Allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% paid for the allotment/10 (ten) percent of the total price cost of the unit, unit whichever is more, paid for the allotmenthigher. The balance amount of money paid by the allottee Allottees shall be returned by the promoter to the allottee Allottees within 45 days 6 06 months of such cancellation or cancellation, on rebooking of the same said unit and receipt of payment from the new allottee of equal amount whichever is earlier.

Appears in 4 contracts

Samples: www.rera.mp.gov.in, www.rera.mp.gov.in, www.rera.mp.gov.in

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier, since the project is under self finance scheme.

Appears in 4 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months of such cancellation or o r on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier, since the project is under self finance scheme.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee Allottee proposes to cancel/cancel/ withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% paid for the allotment/10 (ten) percent of the total price cost of the unit, unit whichever is more, paid for the allotmenthigher. The balance amount of money paid by the allottee Allottees shall be returned by the promoter to the allottee Allottees within 45 days 6 06 months of such cancellation or cancellation, on rebooking of the same said unit and receipt of payment from the new allottee of equal amount whichever is earlier.

Appears in 3 contracts

Samples: Agreement, Agreement, rera.mp.gov.in

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, ,paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 days6 months of such cancellation or cancellationor on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% /10(ten) percent of the total price cost of the unit, unit whichever is more, higher paid for the allotment paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 days/06 months of such cancellation cancellation, or on rebooking of the same said unit and receipt of payment from the new allottee of equal amount whichever is earlier.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount paid for the allotment or 10% of the total price consideration of the unitApartment, whichever is more, paid for the allotmenthigher. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 60 days 6 months of such cancellation or on rebooking re-booking of the same unit Apartment and receipt of payment booking amount from the new allottee of equal amount Allottee, whichever is earlierlater.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% amount/10(ten) percent of the total price cost of the unit, unit whichever is more, higher paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 days/06 months of such cancellation cancellation, or on rebooking of the same said unit and receipt of payment from the new allottee of equal amount whichever is earlier. .

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlierearliersince the project is under self financing scheme.

Appears in 1 contract

Samples: Agreement for Sale

Cancellation by Allottee. The Allottee allottee shall have the right to cancel/withdraw his allotment in the Project project as provided in the Act: ; Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total xxxx price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier.

Appears in 1 contract

Samples: Agreement for Sale

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Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee allotee of equal amount whichever is earlier.

Appears in 1 contract

Samples: Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlierearlier since the project is under self financing scheme.

Appears in 1 contract

Samples: Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unitplot , whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier.

Appears in 1 contract

Samples: Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee Allottee proposes to cancel/cancel/ withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% paid for the allotment/10 (ten) percent of the total price cost of the unit, plot whichever is more, paid for the allotmenthigher. The balance amount of money paid by the allottee Allottees shall be returned by the promoter to the allottee Allottees within 45 days 6 06 months of such cancellation or cancellation, on rebooking of the same unit said plot and receipt of payment from the new allottee of equal amount whichever is earlier.

Appears in 1 contract

Samples: Agreement

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or o r 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier.

Appears in 1 contract

Samples: Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 12 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier, since the project is under self finance scheme.

Appears in 1 contract

Samples: Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier.

Appears in 1 contract

Samples: Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 12 months of such cancellation or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier. since the project is under self finance scheme.

Appears in 1 contract

Samples: Agreement for Sale

Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount or 10% of the total price of the unit, whichever is more, paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days 6 months month of such cancellation cancellation. or on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier.

Appears in 1 contract

Samples: Agreement for Sale

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