Common use of CONVEYANCE OF THE APARTMENT Clause in Contracts

CONVEYANCE OF THE APARTMENT. The Promoters upon receipt of the Total Price of the Apartment under this Agreement together with stamp duty, registration charges and all other incidental and legal expenses from the Allottee shall execute a Conveyance and/or sale deed of the Apartment in favour of the Allottee in the format drafted by the Promoters’ advocate in consonance with this Agreement and convey the title of the Apartment together with proportionate indivisible share in the Common Areas & Installations within three months from the date of issuance of the Occupancy and/or Completion Certificate. Provided that in case the Allottee fails to deposit the stamp duty, 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 full and final settlement of all dues and stamp duty and registration charges to the Promoters is made by the Allottee. The Allottee shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1989 including any actions taken or deficiencies/ penalties imposed by the competent authority(ies).

Appears in 1 contract

Samples: Sale Agreement

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CONVEYANCE OF THE APARTMENT. The Promoters upon Promoter, on receipt of complete amount of the Total Price of the Apartment under this the Agreement together with stamp duty, registration charges and all other incidental and legal expenses from the Allottee Allottee, shall execute a Conveyance and/or sale conveyance deed which will only be drafted by and executed through the Promoter’s appointed advocate(s)/lawyer(s) in terms of the Apartment in favour of the Allottee in the format drafted by the Promoters’ advocate in consonance with agreed terms and conditions under this Agreement and convey the title of the Apartment together with undivided proportionate indivisible impartible share in the Said Land underneath the Building and not forming part of the Common Areas & Installations and together with pro rata right to use the Common Areas within three 3 (three) months from the date of issuance of the Occupancy and/or Completion Certificatecompletion certificate/ occupancy certificate. Provided that However, in case the Allottee fails to deposit the stamp duty, registration charges and all other incidental and legal expenses etc 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 his/her/its favour till full and final settlement of all dues and stamp duty and registration charges to the Promoters Promoter is made by the Allottee. The Allottee shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1989 1899 including any actions taken or deficiencies/ penalties imposed by the competent authority(ies).

Appears in 1 contract

Samples: Sale Agreement

CONVEYANCE OF THE APARTMENT. i. The Promoters upon Owner/Vendor/Developer, on receipt of the Total Price of the Apartment under this Agreement together as per para 1.2 above and as mentioned in the SCHEDULE C below along with stamp duty, registration charges and all any other incidental and legal expenses dues from the Allottee Purchaser, shall execute a Conveyance and/or sale conveyance deed of the Apartment in favour of the Allottee in the format drafted by the Promoters’ advocate in consonance with this Agreement and convey the title of the Apartment together with right to use proportionate undivided/indivisible share share/interest in the Common Areas & Installations with the right to use such Common Areas along with the other occupants of the Project and/or with rights appurtenant thereto within three months from the date of issuance of Completion Certificate or such other certificate by whatever name called issued by the Occupancy and/or Completion Certificatecompetent authority to the Purchaser. Provided that in case In case, however, the Allottee Purchaser fails to deposit the stamp duty, registration charges and all other incidental and legal expenses etc etc. so demanded within the period mentioned in the demand letternotice, the Allottee Purchaser authorizes the Promoter Owner/Vendor/Developer to withhold registration of the conveyance deed in his/ her favour of the Purchaser till full and final settlement of all dues and t stamp duty and registration charges to the Promoters Developer is made by the AllotteePurchaser. The Allottee Purchaser shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1989 1899 including any actions taken or deficiencies/ penalties imposed by the competent authority(iesauthority (ies).

Appears in 1 contract

Samples: Sale Agreement

CONVEYANCE OF THE APARTMENT. The Promoters upon Developer, on receipt of the Total Price of the Apartment under this Agreement as per para 1.2 above and as mentioned in the PART I of the FIFTH SCHEDULE below along with any other dues from the Allottee, shall execute a conveyance deed and convey the title of the Apartment together with right to use proportionate undivided/indivisible share/interest in the Common Areas with the right to use such Common Areas along with the other occupants of the Project/Complex and/or with rights appurtenant thereto within three months from the date of Completion Certificate or such other certificate by whatever name called issued by the competent authority to the Allottee. In case, however, the Allottee fails to deposit the stamp dutyduty , registration charges and all other incidental and legal expenses from the Allottee shall execute a Conveyance and/or sale deed of the Apartment in favour of the Allottee in the format drafted by the Promoters’ advocate in consonance with this Agreement and convey the title of the Apartment together with proportionate indivisible share in the Common Areas & Installations within three months from the date of issuance of the Occupancy and/or Completion Certificateetc. Provided that in case the Allottee fails to deposit the stamp duty, registration charges and all other incidental and legal expenses etc so demanded within the period mentioned in the demand letternotice, the Allottee authorizes the Promoter Developer to withhold registration of the conveyance deed in his/ her favour of the Allottee till full and final settlement of all dues and t stamp duty and registration charges to the Promoters Developer is made by the Allottee. The Allottee shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1989 1899 including any actions taken or deficiencies/ penalties imposed by the competent authority(ies).

Appears in 1 contract

Samples: Sale Agreement

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CONVEYANCE OF THE APARTMENT. The Promoters upon Developer, on receipt of the Total Price of the Apartment under this Agreement together as per para 1.2 above and as mentioned in the PART I of the FIFTH SCHEDULE below along with stamp duty, registration charges and all any other incidental and legal expenses dues from the Allottee Allottee, shall execute a Conveyance and/or sale conveyance deed of the Apartment in favour of the Allottee in the format drafted by the Promoters’ advocate in consonance with this Agreement and convey the title of the Apartment together with proportionate undivided/indivisible share share/interest in the Common Areas & Installations with the right to use such Common Areas along with the other occupants of the Project/Complex and/or with rights appurtenant thereto within three months from the date of issuance of Completion Certificate or such other certificate by whatever name called issued by the Occupancy and/or Completion Certificatecompetent authority to the Allottee. Provided that in case In case, however, the Allottee fails to deposit the stamp duty, registration charges and all other incidental and legal expenses etc etc. so demanded within the period mentioned in the demand letternotice, the Allottee authorizes the Promoter Developer to withhold registration of the conveyance deed in his/ her favour of the Allottee till full and final settlement of all dues and t stamp duty and registration charges to the Promoters Developer is made by the Allottee. The Allottee shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1989 1899 including any actions taken or deficiencies/ penalties imposed by the competent authority(ies).

Appears in 1 contract

Samples: Sale Agreement

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