Common use of Failure of Allottee to take Possession of Designated Apartment Clause in Contracts

Failure of Allottee to take Possession of Designated Apartment. Upon receiving a written intimation from the Promoter as per Para 7.2, the Allottee shall within the period mentioned in such intimation take possession of the Designated Apartment from the Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement and the Promoter shall give possession of the Designated Apartment to the Allottee. In case the Allottee fails to take possession within the time provided in para 7.2, such Allottee shall continue to be liable to pay maintenance charges as specified in para 7.2 and all taxes and outgoings relating to the Designated Apartment and for all damages to the Designated Apartment and/or other parts of the building.

Appears in 4 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

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Failure of Allottee to take Possession of Designated Apartment. Upon receiving a written intimation from the Promoter as per Para 7.2Clause7.2, the Allottee shall within the period mentioned in such intimation take possession of the Designated Apartment from the Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement and the Promoter shall give possession of the Designated Apartment to the Allottee. In case the Allottee fails to take possession within the time provided in para 7.2clause7.2, such Allottee shall continue to be liable to pay maintenance charges as specified in para 7.2 clause7.2 and all taxes and outgoings relating to the Designated Apartment and for all damages to the Designated Apartment and/or other parts of the building.

Appears in 1 contract

Samples: Sale Agreement

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