Common use of Obligations of the Transferee Clause in Contracts

Obligations of the Transferee. The Transferee covenants with the Transferor that it shall: 1. Carry out the terms embodied in this Deed as well as those in the Head Lease and will continue to be bound thereby. 2. Carry out, observe and fulfill the terms and conditions, as agreed upon by the Transferee at the time of making the application for allotment, and other terms and the rules that have since been promulgated and may hereafter be promulgated for or relating to development, control, code of conduct, infrastructure and aesthetic controls and/or any other Code or Rules, which have been handed over to the Transferee at or before the execution hereof or will be handed over to the Transferee from time to time which may, hereafter, be introduced by way of amendment or otherwise by or on behalf of the Transferor for the beneficial use and enjoyment of the Satellite Township by all its occupiers. 3. Pay the Said Rent to BDA in advance for the year for which the same is payable. 4. Pay any increase in the Said Rent as and when the same is revised. 5. Pay the charges for maintenance of the Township Common Portions, hereafter called the "Township Maintenance Charges", at such rate as may be fixed from time to time. 6. Pay, in case it delays or defaults in making payment of the Township Maintenance Charges hereafter called the "Transferee's Payables", within the stipulated time for its payment, without prejudice to other rights of the Transferor, interest @ 12% per annum on the defaulted amount of the Transferee's Payables till the date of payment along with interest thereon. 7. Pay or cause to be paid all rates and taxes or imposition which are now or hereinafter payable in respect of the Said Property. 8. Pay for the supply of electricity consumed by the Transferee at the Said Property at such rate which may be fixed by the Transferor or any other agency setup by the Transferor or directly to the electric energy supplier, as the circumstances may require. 9. Pay for the supply of reticulated gas consumed by the Transferee at the Said Property at such rate which may be fixed by the Transferor or any other agency setup by the Transferor or any agency / body directed by the Transferor. 10. Pay or cause to be paid all rates and taxes or imposition, including service tax and VAT, if any, payable, on the Transferee's Payables which are now or hereinafter in future be payable in respect thereof. 11. Use and enjoy all the Township Common Portions subject to such restrictions which the Transferor or any other agency set up by the Transferor or BDA for the purpose of management and maintenance of the Satellite Township impose in the interest of all. 12. Use the Said Property solely for residential purpose and for none other and not convert it or any part thereof into a place of public worship or for any commercial purpose of whatsoever or kind. 13. Not to engage in any activity, which is offensive, obnoxious or injurious to public health. 14. Not to use or allow any part of the Said Property to be used for any illegal or immoral purposes or any other purpose which may cause annoyance or inconvenience to of the other occupiers of the Satellite Township. 15. Not to use or allow to be used the Said Unit or any part or portion thereof for the purpose of public guest house, hotel, boarding house or for any other purpose similar thereto. 16. Give up the Said Property on demand if it or any part thereof is at any time required by the Government for any public purpose when the Transferee will be entitled to refund of the entire amount of compensation money paid by the Government in respect of the Said Property. 17. Permit the concerned authorities including the Transferor, BDA and their respective agents on 24 hours notice and at all reasonable hours to enter upon the Said Property to view its condition for all reasonable purposes. 18. Not to claim any right, title and/or interest of whatsoever nature or kind over or in respect of any other part or portion of the Satellite Township. 19. Keep the Said Unit reasonably clean and in habitable condition. 20. Keep the boundary wall around the Bungalow Plot in good repairs, well maintained and properly painted at all material times. 21. Be deemed to have undertaken that it is well aware and admits that the Township Common Portions including without limitation all common areas, services and facilities such as roads, water systems, drainages, garbage disposal systems, landscapes, sewerage treatment plant and sewerage system of the Satellite Township shall always remain the property of the Transferor and though the Transferor will be responsible for their maintenance and management, either by itself or through a management agency which may be formed for the maintenance and management of the Satellite Township, the Transferee shall have to pay proportionate charges for such maintenance and under no circumstances will the Transferee object to the Transferor transferring these areas, services and/or facilities and the responsibility of the maintenance and management thereof to any agency setup by the Transferor, hereafter called the "FMC", for the purpose of management and maintenance of the Township Common Portions. It is clarified that the FMC shall at all time work under the guidance of the Advisory Body (a body having representatives of the Transferor and the elected members of the Owners Association as mentioned in the Maintenance Agreement.) 22. Allow persons without any obstruction or hindrance authorized by the Transferor or BDA to inspect, repair and clear the sewerage lines, water lines and the electrical lines passing through or over the Said Property or to do any other work in connection therewith required for the proper maintenance, usage and/or safety of the Satellite Township. 23. Have no right to interfere with in any manner, any project or activity within the Satellite Township save and except through the Advisory Body. 24. Allow the Transferor and/or BDA to re enter and take possession of the Said Property in default of observance and performance by the Transferee of any of the terms and conditions and covenants on its part. 25. Comply with all the terms, conditions and obligations as mentioned in the Head Lease. 26. Apply for and have the Said Property separately mutated and assessed in its name in the records of all concerned authorities and shall pay taxes accordingly. 27. Continue to keep deposited the amount of the 'Sinking Fund & / or Corpus Deposit &/ or other Deposits by whatever named called', if any, deposited by it with the Transferor and deposit such further sum if so required on demand with the Transferor or the FMC, as the case may be in consultation with the Advisory Body. 28. Comply with and abide by the rules and regulations of utilization of the Satellite Township known as the Development Control Regulation or Handbook for Renaissance as framed by the Transferor or the FMC in consultation with the Advisory Body from time to time. 29. Not to transfer singly the lease hold interest of any part or portion of the Bungalow Land without the Bungalow Building constructed thereon. 30. Not to construct any floor or make any alteration or modifications in the structure without the approval of the Transferor. 31. To execute agreements with the FMC for the upkeep of the common areas of the Township in consultation with the Advisory Body. 32. It is further clarified that in case the maintenance and upkeep of the Township common areas is to be carried out by the Owner’s Association the same may be done on the recommendation and approval of the Advisory Body 33. To pay monthly maintenance charges as and when requested by the FMC in consultation with the Advisory Body. 34. The Transferee shall ensure and arrange at their own cost and efforts all precautionary measures like shoring, piling etc as required to protect the structure and services on the adjacent plots / properties and the common infrastructure of Renaissance during construction of any building/ structure, laying of services in the said plot /property or in the event of any additional construction, alteration, modification as per approved plan and complying with all statutory guidelines thereon.

Appears in 1 contract

Samples: Deed of Sale Cum Assignment

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Obligations of the Transferee. The Transferee covenants with the Transferor that it shall: 1. Carry out Comply with carry out, observe, fulfill and/or abide by all the terms and conditions embodied in this Deed as well as those in the Head Lease and will continue to be bound thereby. 2. Carry Comply with carry out, observe and observe, fulfill and/or abide by all the terms and conditionsconditions of the General Terms and Conditions, as agreed upon a copy whereof has been received by the Transferee at the time of while making the application for the provisional allotment, and the other terms and the rules that have since been promulgated and may hereafter be promulgated for or relating to development, control, code of conduct, infrastructure and aesthetic controls and/or any other Code or Rules, which have been handed over to the Transferee at or before the execution hereof or will be handed over to the Transferee from time to time which may, hereafter, be introduced by way of amendment or otherwise by or on behalf of the Transferor for the beneficial use and enjoyment of the Satellite Township by all its occupiers. 3. Pay the Said Rent to BDA in advance for the year for which the same is payable. 4. Pay any increase in the Said Rent as and when the same is revised. 5. Pay the charges for maintenance of the Township Common Portions, hereafter called the "Township Maintenance Charges", for the Zonal Common Portions, hereafter called the "Zonal Maintenance Charges", as also for the Said Tower, hereafter called the "Tower Maintenance Charges", at such rate and manner as may be fixed from time to time. 6. Pay, in In case it the Transferee delays or defaults in making payment of the Said Rent, the Township Maintenance Charges, the Zonal Maintenance Charges or the Tower Maintenance Charges, all of which are hereafter collectively called the "Transferee's Payables", or any one of them within the stipulated time for its paymenttheir respective payments, without prejudice to other rights of the Transferor, Transferor the Transferee shall become liable to pay interest @ 1218% per annum on the defaulted amount of the Transferee's Payables till the date of payment along with interest thereon. 7. Pay or cause to be paid all rates and taxes or imposition which are now payable or hereinafter become payable hereafter in respect of the Said Property. 8. Pay for the supply of electricity consumed by the Transferee at the for its Said Property at such rate which may be fixed by the Transferor or any other agency setup by the Transferor or directly to the electric energy supplier, as the circumstances may will require. 9. Pay for the supply of reticulated gas consumed by the Transferee at the Said Property at such rate which may be fixed by the Transferor or any other agency setup by the Transferor or any agency / body directed by the Transferor. 10. Pay or cause to be paid all rates and rates, taxes or imposition, and/or imposition (including service tax and VAT, if any, payable, ) on the Transferee's Payables which are now payable or hereinafter in future be become payable hereafter in respect thereof. 1110. Use and enjoy all the Township Common Portions, the Zonal Common Portions and the Tower Common Portions subject to such restrictions which the Transferor or any other agency set up by the Transferor or BDA for the purpose of management and maintenance of the Satellite Township impose Township, the Said Zone or the Said Tower in the interest of all. 1211. Use the Said Property solely for residential purpose and for none other and not convert it the Said Property or any part thereof into a place of public worship or for any commercial purpose purpose. 12. Not to make any additions or alterations of whatsoever any permanent nature in the Said Property and even if temporary such should be made in such a manner so as not to cause any damage or kindendanger the Said Tower in any manner whatsoever. 13. Not to engage in any activity, which is offensive, obnoxious or injurious to public health. 14. Not to use or allow any part of the Said Property to be used for any illegal or immoral purposes or any other purpose which may cause annoyance or inconvenience to of the other occupiers of the Satellite TownshipSaid Tower or the Said Zone. 15. Not to use or allow to be used the Said Unit Property or any part or portion thereof for the purpose of public guest house, hotel, boarding house or for any other purpose similar thereto. 16. Give up the Said Property on demand if it or any part thereof is at any time required by the Government for any public purpose when the Transferee will be entitled to refund of the entire proportionate amount of compensation money paid by the Government in respect of the Said Property. 17. Permit the concerned authorities including the Transferor, and BDA and their respective agents on 24 hours notice and at all reasonable hours to enter upon the Said Property to view its condition for all reasonable purposes. 18. Not to claim any right, title and/or interest of whatsoever nature or kind over or in respect of the Township Common Portions, or any other part or portion portions of the Satellite Townshipany of them. 19. Not to claim any exclusive right, title and/or interest of whatsoever nature or kind over or in respect of the Zonal Common Portions or the Tower Common Portions or any part or portions of any of them. 20. Keep the Said Unit Property reasonably clean and in habitable condition. 20. Keep the boundary wall around the Bungalow Plot in good repairs, well maintained and properly painted at all material times. 21. Be deemed to have undertaken that it is well aware and admits that the Township Common Portions Portions, including without limitation all its common areas, services and facilities such as roads, water systems, drainages, garbage disposal systems, landscapes, sewerage treatment plant and sewerage system of the Satellite Township shall always remain the property of the Transferor and though the Transferor will be responsible for their maintenance and management, either by itself or through a management agency which may be formed for the maintenance and management of the Satellite Township, the Transferee shall have to pay proportionate charges for such maintenance and under no circumstances will the Transferee object to the Transferor transferring these areas, services and/or facilities and the responsibility of the maintenance and management thereof to any agency setup by the Transferor, hereafter hereinafter called the "FMC", for the purpose of management and maintenance of the Township Common Portions. It is clarified thereof provided however that the FMC shall at all time times work under the guidance of the Advisory Body (a body having representatives of the Transferor and the elected members of the Owners Association as mentioned Transferees, hereafter called the "Advisory Body". 22. Be deemed to have undertaken that though it has proportionate right title and or interest in the Maintenance Agreement.)Zonal Common Portions and the Tower Common Portions, the maintenance and management of these will also be done by the FMC under the guidance of the Advisory Body and the Transferee shall have to pay proportionate charges for such management and maintenance to the FMC and the FMC may charge one consolidated amount for managing and maintaining the Township Co. Port. The Zonal Common Portion and the Tower Common Portion 2223. Allow persons without any obstruction or hindrance hindrance, authorized by the Transferor or BDA BDA, to inspect, repair and clear the sewerage lines, water lines and the electrical lines passing through or over the Said Property Apartment or to do any other work in connection therewith required for the proper maintenance, usage and/or safety of the Satellite TownshipSaid Tower. 2324. Have no right to interfere with in any manner, manner with any project or activity activities within the Satellite Township save and except through the aegis of the Advisory Body. 2425. Allow the Transferor and/or BDA to re re-enter and take possession of the Said Property in default of observance and performance by the Transferee of any of the terms and terms, conditions and and/or covenants on its part. 25. Comply with all the terms, conditions and obligations as mentioned in the Head Lease. 26. Apply for and have the Said Property separately recorded, mutated and assessed in its name in the records of all concerned authorities and shall pay taxes accordingly. 27. Not to use any Diesel Generator in the Said Apartment during power cuts or otherwise. 28. Become and continue to remain a member of the association of the owners and occupiers of the Apartments of the Said Zone whether already formed or to be formed at the behest of the Transferor, hereinafter referred to as the "Association", for maintenance and management of the Zonal Common Portions and the Tower Common Portions. 29. Continue to keep deposited the amount of the 'Sinking Fund & / or Fund/Corpus Deposit &/ or other Deposits by whatever named called', if any, Deposit' deposited by it with the Transferor and deposit such further sum if so required on demand with the Transferor or the FMC, as the case may be be, in consultation with the Advisory Body. 2830. Comply with and abide by the rules and regulations of utilization of the Satellite Township known as the Development Control Regulation or Handbook for Renaissance as framed by the Transferor or the FMC in consultation with the Advisory Body from time to time. 2931. Not Allow the Transferor or the FMC, as the case may be, to transfer singly manage and maintain the lease hold interest of any part or portion of Apartment Common Portions and the Bungalow Land without Zonal Common Portions till such time the Bungalow Building constructed thereonAssociation under the West Bengal Apartment Ownership Act, 1972 is formed. 3032. Not to construct any floor or make any alteration or modifications in the structure without the approval of the Transferor. 31. To execute Execute agreements with the FMC for the upkeep of Township Common Portions, the common areas of Zonal Common Portions and/or the Township Apartment Common Portions in consultation with the Advisory Body. 32. It is further clarified that in case the maintenance and upkeep of the Township common areas is to be carried out by the Owner’s Association the same may be done on the recommendation and approval of the Advisory Body 33. To pay Pay monthly maintenance charges as and when requested called upon to do so by the FMC in consultation with the Advisory Body. 34. The Not transfer singly its lease hold interest in Appurtenant Land that has been assigned to the Transferee shall ensure and arrange at their own cost and efforts all precautionary measures like shoring, piling etc as required to protect but only along with the structure and services on Said Apartment. 35. Not transfer singly the adjacent plots / properties and the common infrastructure of Renaissance during construction of any building/ structure, laying of services Said Parking Space/s comprised in the said plot /property or Said Property unless it is to a person owning an Apartment in any of the event of any additional construction, alteration, modification as per approved plan and complying with all statutory guidelines thereonTowers within the Said Zone.

Appears in 1 contract

Samples: Deed of Sale Cum Assignment

Obligations of the Transferee. The Transferee covenants with the Transferor that it shall: 1. Carry out the terms embodied in this Deed as well as those in the Head Lease and will continue to be bound thereby. 2. Carry out, observe and fulfill fulfil the terms General Terms and conditionsConditions, as agreed upon a copy whereof has been received by the Transferee at the time of while making the application for provisional allotment, and other terms and the rules that have since been promulgated and may hereafter be promulgated for or relating to development, control, code of conduct, infrastructure and aesthetic controls and/or any other Code or Rules, which have been handed over to the Transferee at or before the execution hereof or will be handed over to the Transferee from time to time which may, hereafter, be introduced by way of amendment or otherwise by or on behalf of the Transferor for the beneficial use and enjoyment of the Satellite Township by all its occupiers. 3. Pay the Said Rent to BDA in advance for the year for which the same is payable. 4. Pay any increase in the Said Rent as and when the same is revised. 5. Pay the charges for maintenance of the Township Common Portions, hereafter called the "Township Maintenance Charges", at such rate as may be fixed from time to time. 6. Pay, in case it delays or defaults in making payment of the Township Maintenance Charges hereafter called the "Transferee's Payables", within the stipulated time for its payment, without prejudice to other rights of the Transferor, interest @ 1218% per annum on the defaulted amount of the Transferee's Payables till the date of payment along with interest thereon. 7. Pay or cause to be paid all rates and taxes or imposition which are now or hereinafter payable in respect of the Said PropertyPlot. 8. Pay for the supply of electricity consumed by the Transferee at the Said Property Plot at such rate which may be fixed by the Transferor or any other agency setup by the Transferor or directly to the electric energy supplier, as the circumstances may require. 9. Pay for the installation/ connection for supply of reticulated gas(if any) and pay for gas consumed by the Transferee at the Said Property Plot at such rate which may be fixed by the Transferor or any other agency setup by the Transferor or any agency / body directed by the Transferor. 10. Pay or cause to be paid all rates and taxes or imposition, including service tax and VAT, if any, payable, on the Transferee's Payables which are now payable or hereinafter in future be payable in respect thereof. 11. Use and enjoy all the Township Common Portions subject to such restrictions which the Transferor or any other agency set up by the Transferor or BDA for the purpose of for management and maintenance of the Satellite Township impose in the interest of all. 12. Use the building to be constructed by the Transferee at the Said Property Plot, hereafter called the "Said Building", solely for residential the purpose as mentioned in the SXITH SCHEDULE and for none other and not convert it or any part thereof into a place of public worship or for any commercial purpose of whatsoever or kind. 13. Construct the Said Building in strict compliance with the Renaissance Hand Book and all the rules and regulations of the LUDCP and in accordance with the plans as approved by BDA and sanctioned by all the concerned authorities. 14. Not to engage in any activity, which is offensive, obnoxious or injurious to public health. 1415. Not to use or allow any part of the Said Property Plot or the Said Building, hereafter collectively called the "Said Property", to be used for any illegal or immoral purposes or any other purpose which may cause annoyance or inconvenience to of the other occupiers of the Satellite Township. 1516. Not to use or allow to be used the Said Unit Property or any part or portion thereof for the purpose of public guest house, hotel, boarding house or for any other purpose similar thereto. 1617. Give up the Said Property on demand if it or any part thereof is at any time required by the Government for any public purpose when the Transferee will be entitled to refund of the entire amount of compensation money paid by the Government in respect of the Said Property. 1718. Permit the concerned authorities including the Transferor, BDA and their respective agents on 24 hours notice and at all reasonable hours to enter upon the Said Property to view its condition for all reasonable purposes. 1819. Not to claim any right, title and/or interest of whatsoever nature or kind over or in respect of any other part or portion of the Satellite Township. 1920. Keep the Said Unit Property reasonably clean and in habitable condition. 2021. Keep the boundary wall around the Bungalow Said Plot in good repairs, well maintained and properly painted at all material times. 2122. Be deemed to have undertaken that it is well aware and admits that the Township Common Portions including without limitation all common areas, services and facilities such as roads, water systems, drainages, garbage disposal systems, landscapes, sewerage treatment plant and sewerage system of the Satellite Township shall always remain the property of the Transferor and though the Transferor will be responsible for their maintenance and management, either by itself or through a management agency which may be formed for the maintenance and management of the Satellite Township, the Transferee shall have to pay proportionate charges for such maintenance and under no circumstances will the Transferee object to the Transferor transferring these areas, services and/or facilities and the responsibility of the maintenance and management thereof to any agency setup by the Transferor, hereafter called the "FMC", for the purpose of management and maintenance of the Township Common Portions. It is clarified Portions provided however that the FMC shall at all time times work under the guidance of the Advisory Body (a body having representatives of the Transferor and the elected members of the Owners Association as mentioned in Transferees, hereafter called the Maintenance Agreement"Advisory Body".) 2223. Allow persons without any obstruction or hindrance authorized by the Transferor Transferor, the FMC or BDA BDA, as the case may be, to inspect, repair and clear the sewerage lines, water lines and the electrical lines passing through or over the Said Property or to do any other work in connection therewith required for the proper maintenance, usage and/or safety of the Satellite Township. 2324. Have no right to interfere with in any manner, any project or activity within the Satellite Township save and except through the aegis Advisory Body. 2425. Allow the Transferor and/or BDA to re enter and take possession of the Said Property in default of observance and performance by the Transferee of any of the terms and conditions and covenants on its part. 2526. Comply with all the terms, conditions and obligations as mentioned in the Head Lease. 2627. Apply for and have the Said Property separately mutated and assessed in its name in the records of all concerned authorities and shall pay taxes accordingly. 2728. Continue to keep deposited the amount of the 'Sinking Fund & / or Corpus Deposit &/ or other Deposits by whatever named called', if any, deposited by it with the Transferor and deposit such further sum if so required on demand with the Transferor or the FMC, as the case may be in consultation with the Advisory Body. 2829. Comply with and abide by the rules and regulations of utilization for construction & utilisation of the Satellite Township known as the Development Control Regulation or Handbook for Renaissance as framed by the Transferor or the FMC in consultation with the Advisory Body from time to time. 2930. Not to transfer singly the lease hold interest of any part or portion of the Bungalow Land without Said Property but only the Bungalow Building constructed thereonSaid Property as a whole. 3031. Not to construct any floor or make any alteration or modifications in the structure without the approval of the Transferor. 3132. To execute agreements with the FMC for the upkeep of the common areas of the Township in consultation with the Advisory Body. 32. It is further clarified that in case the maintenance and upkeep of the Township common areas is to be carried out by the Owner’s Association the same may be done on the recommendation and approval of the Advisory Body 33. To pay monthly maintenance charges as and when requested by the FMC in consultation with the Advisory Body. 34. Compulsorily become a member of the association of the owners of the various parts and portions of the Satellite Township for the maintenance and upkeep of the Township Common Portions if the Advisory Body decided that such maintenance and upkeep should be carried out by such an association. 35. Allow passage for new utilities and services (if any) constructed or proposed to be constructed and/or developed by the Transferor, through and/or around the Said Xxxx. 00. The Transferee shall enter into the plot through the designated entry as marked by the Transferor and not use the main road and the high side road for entry into the said plot. 37. The Transferee shall ensure and arrange at their own cost and efforts all precautionary measures like shoring, piling etc as required to protect the structure and services on the adjacent plots / properties and the common infrastructure of Renaissance during construction of any building/ structure, laying of services in the said plot /property or in the event of any additional construction, alteration, modification as per approved plan and complying with all statutory guidelines thereon.

Appears in 1 contract

Samples: Deed of Assignment

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Obligations of the Transferee. The Transferee covenants with the Transferor that it shall: 1. Carry out the terms embodied in this Deed as well as those in the Head Lease and will continue to be bound thereby. 2. Carry out, observe and fulfill the terms General Terms and conditionsConditions, as agreed upon a copy whereof has been received by the Transferee at the time of while making the application for provisional allotment, and other terms and the rules that have since been promulgated and may hereafter be promulgated for or relating to development, control, code of conduct, infrastructure and aesthetic controls and/or any other Code or Rules, which have been handed over to the Transferee at or before the execution hereof or will be handed over to the Transferee from time to time which may, hereafter, be introduced by way of amendment or otherwise by or on behalf of the Transferor for the beneficial use and enjoyment of the Satellite Township by all its occupiers. 3. Plan or construct a building on the said Plot strictly in compliance of the applicable rules, regulations and guidelines and norms as may be applicable and permitted/sanctioned by the Burdwan Development Authority and/or any other statutory authorities. 4. Pay the Said Rent to BDA in advance for the year for which the same is payable. 45. Pay any increase in the Said Rent as and when the same is revised. 56. Pay the charges for maintenance of the Township Common Portions, hereafter called the "Township Maintenance Charges", at such rate as may be fixed from time to time. 67. Pay, in case it delays or defaults in making payment of the Township Maintenance Charges hereafter called the "Transferee's Payables", within the stipulated time for its payment, without prejudice to other rights of the Transferor, interest @ 1218% per annum on the defaulted amount of the Transferee's Payables till the date of payment along with interest thereon. 78. Pay or cause to be paid all rates and taxes or imposition which are now or hereinafter payable in respect of the Said PropertyPlot. 89. Pay for the supply of electricity consumed by the Transferee at the Said Property Plot at such rate which may be fixed by the Transferor or any other agency setup by the Transferor or directly to the electric energy supplier, as the circumstances may require. 910. Pay for the installation/ connection for supply of reticulated gas(if any) and pay for gas consumed by the Transferee at the Said Property Plot at such rate which may be fixed by the Transferor or any other agency setup by the Transferor or any agency / body directed by the Transferor. 1011. Pay or cause to be paid all rates and taxes or imposition, including service tax and VAT, if any, payable, on the Transferee's Payables which are now payable or hereinafter in future be payable in respect thereof. 1112. Use and enjoy all the Township Common Portions subject to such restrictions which the Transferor or any other agency set up by the Transferor or BDA for the purpose of for management and maintenance of the Satellite Township impose in the interest of all. 1213. Use the building to be constructed by the Transferee at the Said Property Plot, hereafter called the "Said Building", solely for residential the purpose as mentioned in the SIXTH SCHEDULE and for none other and not convert it or any part thereof into a place of public worship or for any commercial purpose of whatsoever or kindkind or the purpose as written and described in the said Deed. 1314. Construct the Said Building in strict compliance with the Renaissance Hand Book and all the rules and regulations of the LUDCP and in accordance with the plans as approved by BDA and sanctioned by all the concerned authorities. 15. Not to engage in any activity, which is offensive, obnoxious or injurious to public health. 1416. Not to use or allow any part of the Said Property Plot or the Said Building, hereafter collectively called the "Said Property", to be used for any illegal or immoral purposes or any other purpose which may cause annoyance or inconvenience to of the other occupiers of the Satellite Township. 1517. Not to use or allow to be used the Said Unit Property or any part or portion thereof for the purpose of public guest house, hotel, boarding house or for any other purpose similar theretothereto unless and until the purpose is connected with the purposes mentioned in the Sixth Schedule. 1618. Give up the Said Property on demand if it or any part thereof is at any time required by the Government for any public purpose when the Transferee will be entitled to refund of the entire amount of compensation money paid by the Government in respect of the Said Property. 1719. Permit the concerned authorities including the Transferor, BDA and their respective agents on 24 hours notice and at all reasonable hours to enter upon the Said Property to view its condition for all reasonable purposes. 1820. Not to claim any right, title and/or interest of whatsoever nature or kind over or in respect of any other part or portion of the Satellite Township. 1921. Keep the Said Unit Property reasonably clean and in habitable condition. 2022. Keep the boundary wall around the Bungalow Said Plot in good repairs, well maintained and properly painted at all material times. 2123. Be deemed to have undertaken that it is well aware and admits that the Township Common Portions including without limitation all common areas, services and facilities such as roads, water systems, drainages, garbage disposal systems, landscapes, sewerage treatment plant and sewerage system of the Satellite Township shall always remain the property of the Transferor and though the Transferor will be responsible for their maintenance and management, either by itself or through a management agency which may be formed for the maintenance and management of the Satellite Township, the Transferee shall have to pay proportionate charges for such maintenance and under no circumstances will the Transferee object to the Transferor transferring these areas, services and/or facilities and the responsibility of the maintenance and management thereof to any agency setup by the Transferor, hereafter called the "FMC", for the purpose of management and maintenance of the Township Common Portions. It is clarified that the FMC shall at all time work under the guidance of the Advisory Body (a body having representatives of the Transferor and the elected members of the Owners Association as mentioned in the Maintenance Agreement). Transferees hereafter called the "Advisory Body".) 2224. Allow persons without any obstruction or hindrance authorized by the Transferor the FMC or BDA BDA, as the case may be to inspect, repair and clear the sewerage lines, water lines and the electrical lines passing through or over the Said Property or to do any other work in connection therewith required for the proper maintenance, usage and/or safety of the Satellite Township. 2325. Have no right to interfere with in any manner, any project or activity within the Satellite Township save and except through the Advisory Body. 2426. Allow the Transferor and/or BDA to re enter and take possession of the Said Property in default of observance and performance by the Transferee of any of the terms and conditions and covenants on its part. 2527. Comply with all the terms, conditions and obligations as mentioned in the Head Lease. 2628. Apply for and have the Said Property separately mutated and assessed in its name in the records of all concerned authorities and shall pay taxes accordingly. 2729. Continue to keep deposited the amount of the 'Sinking Fund & / or Corpus Deposit &/ or other Deposits by whatever named called', if any, deposited by it with the Transferor and deposit such further sum if so required on demand with the Transferor or the FMC, as the case may be in consultation with the Advisory Body. 2830. Comply with and abide by the rules and regulations of for construction & utilization of the Satellite Township known as the Development Control Regulation or Handbook for Renaissance as framed by the Transferor or the FMC in consultation with the Advisory Body from time to time. 2931. Not to transfer singly the lease hold interest of any part or portion of the Bungalow Land without Said Property but only the Bungalow Building constructed thereonSaid Property as a whole through any Deed of Conveyance in form of Deed of Sale cum Deed of Assignment but the Transferee may let out any part of the said property with construction thereon in favour any person (including an individual and/or juristic entity) for the sake of the purposes written in the SIXTH SCHEDULE. 3032. Not to construct any floor or make any alteration or modifications in the structure without the approval of the Transferor. 3133. To execute agreements with the FMC for the upkeep of the common areas of the Township in consultation with the Advisory Body. 32. It is further clarified that in case the maintenance and upkeep of the Township common areas is to be carried out by the Owner’s Association the same may be done on the recommendation and approval of the Advisory Body 3334. To pay monthly maintenance charges as and when requested by the FMC in consultation with the Advisory Body. 3435. Compulsorily become a member of the association of the owners of the various parts and portions of the Satellite Township for the maintenance and upkeep of the Township Common Portions if the Advisory Body decided that such maintenance and upkeep should be carried out by such an association. 36. Allow passage for new utilities and services (if any) constructed or proposed to be constructed and/or developed by the Transferor, through and/or around the Said Xxxx. 00. The Transferee shall enter into the plot through the designated entry as marked by the Transferor and not use the main road and the high side road for entry into the said plot. 38. The Transferee shall ensure and arrange at their own cost and efforts all precautionary measures like shoring, piling etc as required to protect the structure and services on the adjacent plots / properties and the common infrastructure of Renaissance during construction of any building/ structure, laying of services in the said plot /property or in the event of any additional construction, alteration, modification as per approved plan and complying with all statutory guidelines thereon. 39. The transferee shall ensure to install and operate the fire fighting equipments and personnel at its own cost and also abide by all the rules and regulations of the Fire Safety Acts and Rules 40. In case of creation of any Third party interest or nomination or part with possession of the said Property in any manner whatsoever a No Objection Certificate from FMC or any other body corporate is to be obtained and in no case the said Property shall be assigned or transferred without obtaining of the NOC at the end of FMC or any other body corporate.

Appears in 1 contract

Samples: Deed of Assignment Cum Transfer

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