Common use of POSSESSION AND OCCUPATION Clause in Contracts

POSSESSION AND OCCUPATION. 11.1 The Purchaser shall take occupation and possession and assume control of the Property on date of registration of transfer of the Property in the name of the Purchaser, from which date it shall be at the sole risk, loss, profit and expense of the Purchaser and from which date the Purchaser shall be liable for all levies, rates and taxes whatsoever levied upon the Property by the government or Local Council, other competent authority, or the Association. 11.2 Should the Seller have pre-paid any such rates and taxes, levies and charges beyond the date of transfer aforesaid, the Purchaser shall on demand refund any such amounts paid beyond this date to the Seller.

Appears in 4 contracts

Samples: Sale Agreement, Sale Agreement, Agreement of Sale

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POSSESSION AND OCCUPATION. 11.1 8.1 The Purchaser shall take occupation and possession and assume control of the Property on date of registration of transfer of the Property in the name of the Purchaser, from which date it the Property shall be at the sole risk, loss, profit and expense of the Purchaser and from which date the Purchaser shall be liable for all statutory levies, rates and taxes whatsoever and other charges if applicable and levied upon the Property by the government or Local Council, Council or other competent authority, or the Association. 11.2 8.2 Should the Seller have pre-paid any such reasonable rates and taxes, levies taxes and charges to relevant authorities beyond the date of transfer aforesaid, the Purchaser shall on demand refund any such amounts paid beyond this date to the Seller.

Appears in 2 contracts

Samples: Agreement of Sale, Agreement of Sale

POSSESSION AND OCCUPATION. 11.1 9.1 The Purchaser shall take occupation and possession and assume control of the Property on the date of registration of transfer of the Property in into the name of the Purchaser, from which date it the Property shall be at the sole risk, loss, profit and expense of the Purchaser and from which date the Purchaser shall be liable for all statutory levies, rates and taxes whatsoever and other charges if applicable and levied upon the Property by the government or Local Council, Council or other competent authority, or the Association. 11.2 9.2 Should the Seller have pre-paid any such reasonable rates and taxes, levies taxes and charges to relevant authorities beyond the date of transfer aforesaid, the Purchaser shall on demand refund any such amounts paid beyond this date to the Seller.

Appears in 1 contract

Samples: Agreement of Sale

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POSSESSION AND OCCUPATION. 11.1 The Purchaser shall take occupation and possession and assume control of the Property on date of registration of transfer of the Property in the name of the Purchaser, from which date it shall be at the sole risk, loss, profit and expense of the Purchaser and from which date the Purchaser shall be liable for all levies, rates and taxes whatsoever levied upon the Property by the government or Local Council, other competent authority, or the Association. 11.2 Should the Seller have pre-paid any such rates and taxes, levies levies, and charges beyond the date of transfer aforesaid, the Purchaser shall on demand refund any such amounts paid beyond this date to the Seller.

Appears in 1 contract

Samples: Agreement of Sale

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