Common use of DEEMED POSSESSION Clause in Contracts

DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the date such possession is offered by the Vendor/ Developer, the Allottee shall be deemed to have taken possession on the 15 days from the date of such notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date: The Apartment shall be at the sole risk and cost of the Allottee and the Vendor/ Developer shall have no liability or concern thereof; The Allottee shall become liable to pay the Maintenance Charges in respect of the Apartment and the Common Areas on and from the Possession Date; All taxes, deposits and other levies/charges imposed, demanded or required to be paid to the authorities concerned relating to the undivided interest in the Common Areas shall be paid and borne by the Allottee proportionate to his interest therein and those relating only to the Apartment shall be borne solely and conclusively by the Allottee, with effect from the Possession Date. The Allottee shall become liable to pay all other expenses necessary and incidental to the management and maintenance of the Project.

DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the date such possession is offered by the Vendor/ Developer, the Allottee shall be deemed to have taken possession on the 15 days from the date of such notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date: The Apartment shall be at the sole risk and cost of the Allottee and the Vendor/ Developer shall have no liability or concern thereof; The Allottee shall become liable to pay the Maintenance Charges in respect of the Apartment and the Common Areas on and from the Possession Date; All taxes, deposits and other levies/charges imposed, demanded or required to be paid to the authorities concerned relating to the undivided interest in the Common Areas shall be paid and borne by the Allottee proportionate to his interest therein and those relating only to the Apartment shall be borne solely and conclusively by the Allottee, with effect from the Possession Date. The Allottee shall become liable to pay all All other expenses necessary and incidental to the management and maintenance of the Project.

DEEMED POSSESSION. It is understood by the Allottee Allottees that even if the Allottee Allottees fails to take possession of the Apartment within the date such possession is offered by the Vendor/ DeveloperSeller, the Allottee Allottees shall be deemed to have taken possession on the 15 days from the date of such notice which date, for all purposes and irrespective of the actual date when the Allottee Allottees takes physical possession of the Apartment, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date: The Apartment shall be at the sole risk and cost of the Allottee Allottees and the Vendor/ Developer Seller shall have no liability or concern thereof; The Allottee Allottees shall become liable to pay the Maintenance Charges in respect of the Apartment and the Common Areas on and from the Possession Date; All taxes, deposits and other levies/charges imposed, demanded or required to be paid to the authorities concerned relating to the undivided interest in the Common Areas shall be paid and borne by the Allottee Allottees proportionate to his interest therein and those relating only to the Apartment shall be borne solely and conclusively by the AllotteeAllottees, with effect from the Possession Date. The Allottee shall become liable to pay all All other expenses necessary and incidental to the management and maintenance of the Project.

DEEMED POSSESSION. It is understood by the Allottee Allottees that even if the Allottee Allottees fails to take possession of the Apartment within the date such possession is offered by the Vendor/ DeveloperPromoter, the Allottee Allottees shall be deemed to have taken possession on the 15 days from the date of such notice which date, for all purposes and irrespective of the actual date when the Allottee Allottees takes physical possession of the Apartment, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date: The Apartment shall be at the sole risk and cost of the Allottee Allottees and the Vendor/ Developer Promoter shall have no liability or concern thereof; The Allottee Allottees shall become liable to pay the Maintenance Charges in respect of the Apartment and the Common Areas on and from the Possession Date; All taxes, deposits and other levies/charges imposed, demanded or required to be paid to the authorities concerned relating to the undivided interest in the Common Areas shall be paid and borne by the Allottee Allottees proportionate to his interest therein and those relating only to the Apartment shall be borne solely and conclusively by the AllotteeAllottees, with effect from the Possession Date. The Allottee shall become liable to pay all All other expenses necessary and incidental to the management and maintenance of the Project.

DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the date such possession is offered by the Vendor/ DeveloperVendor, the Allottee shall be deemed to have taken possession on the 15 days from the date of such notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date: The Apartment shall be at the sole risk and cost of the Allottee and the Vendor/ Developer Vendor shall have no liability or concern thereof; The Allottee shall become liable to pay the Maintenance Charges in respect of the Apartment and the Common Areas on and from the Possession Date; All taxes, deposits and other levies/charges imposed, demanded or required to be paid to the authorities concerned relating to the undivided interest in the Common Areas shall be paid and borne by the Allottee proportionate to his interest therein and those relating only to the Apartment shall be borne solely and conclusively by the Allottee, with effect from the Possession Date. The Allottee shall become liable to pay all All other expenses necessary and incidental to the management and maintenance of the Project.

DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the date such possession is offered by the Vendor/ DeveloperPromoter, the Allottee shall be deemed to have taken possession on the 15 days from the date of such notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date: The Apartment shall be at the sole risk and cost of the Allottee and the Vendor/ Developer Promoter shall have no liability or concern thereof; The Allottee shall become liable to pay the Maintenance Charges in respect of the Apartment and the Common Areas on and from the Possession Date; All taxes, deposits and other levies/charges imposed, demanded or required to be paid to the authorities concerned relating to the undivided interest in the Common Areas shall be paid and borne by the Allottee proportionate to his interest therein and those relating only to the Apartment shall be borne solely and conclusively by the Allottee, with effect from the Possession Date. The Allottee shall become liable to pay all All other expenses necessary and incidental to the management and maintenance of the Project. It being also agreed between the parties that the Allottee shall also pay demurrage charges to the Promoter at the rate of Rs. 5,000/- (Rupees Five Thousand) only per month or part thereof from the expiry of the time mentioned in the possession letter till such time the Allottee (s) takes the possession of the apartment.