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

Failure of Allottee to take Possession. of Apartment/Pent Houses-[Apartment/ROW- HOUSE] Upon receiving a written intimation from the Promoter as per para 7.2, the Allottee shall take possession of the Apartment/Pent Houses [Apartment/ROW-HOUSE] 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 Apartment/Pent Houses [Apartment/ROW-HOUSE] 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. Also in the event of Xxxxxxxx’s failure to take possession or getting conveyance deed done in time limit, for any reason whatsoever, expenditure incurred on the taking care and/or maintenance of the Apartment/Pent Houses shall be charged extra at the rate of Rupees Thirty per sqm of the Apartment/Pent Housesarea plus taxes per month from the date onwards other than external maintenance charges, and be paid by the purchaser as and when demanded by the builder.

Failure of Allottee to take Possession. of Apartment/Pent Houses-[Apartment/ROW- HOUSE] Upon receiving a written intimation from the Promoter as per para 7.2, the Allottee shall take possession of the Apartment/Pent Houses [Apartment/ROW-HOUSE] 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 Apartment/Pent Houses [Apartment/ROW-HOUSE] 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. Also in the event of XxxxxxxxAllottee’s failure to take possession or getting conveyance deed done in time limit, for any reason whatsoever, expenditure incurred on the taking care and/or maintenance of the Apartment/Pent Houses shall be charged extra at the rate of Rupees Thirty per sqm of the Apartment/Pent Housesarea plus taxes per month from the date onwards other than external maintenance charges, and be paid by the purchaser as and when demanded by the builder.