Common use of CONVEYANCEOFTHESAIDAPARTMENT Clause in Contracts

CONVEYANCEOFTHESAIDAPARTMENT. The Promoter, on receipt of complete amount of the Price of the [Apartment/Plot] under the Agreement from the Allottee, shall execute a conveyance deed and convey the title of the [Apartment/Plot] together with proportionate indivisible share in the Common Areas within 3 (three) months from the issuance of the occupancy certificate*. However, 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 Promoter is made by the Allottee. The Allottee shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1899 including any actions taken or deficiencies/ penalties imposed by the competent authority(ies).

CONVEYANCEOFTHESAIDAPARTMENT. The Promoter, on receipt of complete amount of the Price of the [Apartment/Plot] under the Agreement from the AllotteetheAllottee, shall execute a conveyance deed and convey the title of the [Apartment/Plot] together with proportionate indivisible proportionateindivisible share in the Common Areas within 3 (three) months from the issuance of the occupancy certificate*. Howevercertificate*.However, in case the Allottee fails to deposit the stamp duty, registration charges and all other incidental and legal expenses legalexpenses etc. so demanded within the period mentioned in the demand letter, the Allottee authorizes the Promoter to Promoterto withhold registration of the conveyance deed in his/her favour till full and final settlement of all dues and stamp duty stampduty and registration charges to the Promoter is made by the Allottee. The Allottee shall be solely responsible and liable andliable for compliance of the provisions of Indian Stamp Act, 1899 including any actions taken or deficiencies/ penalties imposed by the competent authority(iesdeficiencies/penaltiesimposedbythecompetentauthority(ies).