Common use of CONVEYANCE OF THE APARTMENT Clause in Contracts

CONVEYANCE OF THE APARTMENT. On receipt of the entire amount of the Total Price mentioned in Schedule-T, the Promoter shall execute a conveyance deed and convey the title of the Apartment and the allotted car parking space together with proportionate indivisible share in the Phase Common Portions within 3 (three) months from the date of issuance of occupancy certificate, the completion certificate, the partial occupancy certificate or the partial completion certificate, as the case may be, to the Allottee. However, in case the Allottee fails to deposit the Stamp Duty, the Registration charges and all other incidental and legal expenses, etc. so demanded within the period mentioned in the demand letter, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour till payment of the Registration Charges and other applicable charges mentioned in Clause 7.2 to the Promoter is made by the Allottee. In the event the Common Portions have to be transferred by a separate deed, the Allottee shall bear and pay the pro-rata cost of Registrations Charges that will be required to be incurred for such deed.

CONVEYANCE OF THE APARTMENT. On receipt of the entire amount of the Total Price mentioned in Schedule-TM, the Promoter shall execute a conveyance deed and convey the title of the Apartment and the allotted car parking space together with proportionate indivisible share in the Phase Common Portions within 3 (three) months from the date of issuance of occupancy certificate, certificate or the completion certificate, certificate or the partial occupancy certificate or the partial completion certificate, as the case may be, to the Allottee. However, in case the Allottee fails to deposit the Stamp Duty, the Registration charges and all other incidental and legal expenses, etc. so demanded within the period mentioned in the demand letter, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour till payment of the Registration Charges and other applicable charges mentioned in Clause 7.2 to the Promoter is made by the Allottee. In the event the Common Portions have to be transferred by a separate deed, the Allottee shall bear and pay the pro-rata cost of Registrations Charges that will be required to be incurred for such deed.