Common use of CONVEYANCE OF THE APARTMENT Clause in Contracts

CONVEYANCE OF THE APARTMENT. The Promoters, on receipt of Total Price of the Apartment as per Para 1.2 above and as mentioned in the PART - I of the FIFTH SCHEDULE below from the Allottees by the Co-Owner/Developer, shall execute a conveyance deed and convey the title of the Apartment together with right to use proportionate indivisible share in the Common Areas (within three months from the date of Completion Certificate or such other certificate by whatever name called issued by the competent authority but within a maximum period of 3 months from the Date of Completion Certificate) to the Allottees. In case, however, the Allottees fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottees authorizes the Promotersto withhold registration of the conveyance deed in favour of the Allottees till payment of stamp duty and registration charges to the Co-Owner/Developer is made by the Allottees.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

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CONVEYANCE OF THE APARTMENT. The Promoters, on receipt of Total Price of the Apartment as per Para 1.2 above and as mentioned in the PART - I II of the FIFTH SCHEDULE below from the Allottees The Allottee by the Co-Owner/Developer, shall execute a conveyance deed and convey the title of the Apartment together with right to use proportionate indivisible share in the Common Areas (within three months from the date of Completion Certificate or such other certificate by whatever name called issued by the competent authority but within a maximum period of 3 months from the Date of Completion Certificate) to the AllotteesThe Allottee. In case, however, the Allottees The Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottees The Allottee authorizes the Promotersto Promoters to withhold registration of the conveyance deed in favour of the Allottees The Allottee till payment of stamp duty and registration charges to the Co-Co- Owner/Developer is made by the AllotteesThe Allottee.

Appears in 1 contract

Samples: Agreement for Sale

CONVEYANCE OF THE APARTMENT. The Promoters, on receipt of Total Price of the Apartment as per Para 1.2 above and as mentioned in the PART - I of the FIFTH SCHEDULE below from the Allottees The Allottee by the Co-Owner/Developer, shall execute a conveyance deed and convey the title of the Apartment together with right to use proportionate indivisible share in the Common Areas (within three months from the date of Completion Certificate or such other certificate by whatever name called issued by the competent authority but within a maximum period of 3 months from the Date of Completion Certificate) to the AllotteesThe Allottee. In case, however, the Allottees The Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottees The Allottee authorizes the Promotersto Promoters to withhold registration of the conveyance deed in favour of the Allottees The Allottee till payment of stamp duty and registration charges to the Co-Co- Owner/Developer is made by the AllotteesThe Allottee.

Appears in 1 contract

Samples: Agreement for Sale

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CONVEYANCE OF THE APARTMENT. The PromotersPromoter, on receipt of the Total Price of the Apartment as per Para paragraph 1.2 above and as mentioned in under the PART - I of the FIFTH SCHEDULE below Agreement from the Allottees by the Co-Owner/DeveloperAllottee, shall execute a conveyance deed and convey the title of the Apartment together with right to use the proportionate indivisible share in the Common Areas (Areas, within three 3 months from the date of issuance of the Occupancy/Completion Certificate or such other certificate by whatever name called issued Certificate, to the Allottee; Provided that, in the absence of local law, the conveyance deed in favour of the Allottee shall be carried out by the competent authority but Promoter within a maximum period of 3 months from the Date date of issue of Occupancy/Completion Certificate) to . However, in case the Allottees. In case, however, the Allottees Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottees Allottee authorizes the Promotersto Promoter to withhold registration of the conveyance deed in his/her favour of the Allottees till payment of stamp duty and registration charges to the Co-Owner/Developer Promoter is made by the AllotteesAllottee.

Appears in 1 contract

Samples: Agreement for Sale

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